Originally posted by: Skoorb
Originally posted by: Pliablemoose
Originally posted by: Skoorb
More likely stagflation, or deflation.
I don't see that. The fed is printing money, now mass. is asking for a loan.
2 reasons, IF oil continues to decline because of reduced global demand, it will have the effect of reducing the bottom line of all goods & services, and the rest of the world is actually in worse shape than we are because despite threatened flights to the Euro, etc, when we catch a cold, they catch pneumonia, further depressing prices.
The deleveraging going on right now is also deflationary.
I was actually hoping that we'd stay down at the close, as it stands, we haven't hit capitulation yet, and with the action of the market today, I don't know if I want to see capitulation.