Cefadog
You're a long term hc member so I comment without wanting to offend.
I truly think you and many others are attributing too much influnce to the DOW performance and the US in what is nowadays a truly global economy.
Set yourself long in scalable energy (coal, oil, gas, coal bed methane, underground coal gasification and hotrocks) and sit back and let all this current fraccas pass you by ... energy offers security and excitement in investing imo.
Developing nations like China and India currently have about 1/10th the per capita energy consumption of developed nations like north America, Europe and Australia. The industrialisation of China and India and others isn't going to stop and go backwards because the DOW goes down a 1000 points or so or even if the US economy goes into recession for a year or so.
Lighten up laddie and go travelling or golfing or fishing or working, whatever takes your fancy, but just don't fixate too much on the US.
Regards
Poyndexter
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