Tuesday, August 16, 2011

Recession is Coming

Folks, I do not care about the "significant" meeting in Paris. What I care about is the fact that we are staring at yet another recession. Let's not kid ourselves, after the GDP numbers released today out of Europe (largest economy on planet), how can we say no recession is in the cards? Bright minds out there are hoping that slow growth is what we will have. But we know better than that. All stock markets around the world are now pointing to start of recession before the end of the year. We need to be ready for further declines and new lows still to come. Hope is not a form of trading, it is a derivative of buy-and-hold strategy. Traders will be ahead of investors - quite frankly they already are.

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