Interesting Week

Interesting week:

US employment figures look great, GDP on track, US oil production surpasses Saudi Arabia, Russia and China.  All good data points.

Old news:  Europe isn’t growing, China is struggling, commodities continue a glut.

So what is the new news that causes the market to drop 10%?  From what I can tell, more about perception and changing fears than anything that has happened.

The only exception is Ebola – here in our own country in one of our own towns.  People realize just how vulnerable we are.  Fear is the bane of the markets.

In the end – a good purge.  We needed it…  and it should calm down in time with US growth generation again taking the headline news.

David