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