"We've just got to let this thing rage." Finally, this is one of the smartest things I've heard lately. What? No relief, no bailout, no trauma saving policies, no intervention to save the poor little socialist system?! Oh, the horror!"We are in a panic mode, I don't know how else to describe it and when you're in panic mode, all rational thought goes out of the window," said City Index chief market strategist Tom Hougaard. "We've just got to let this thing rage. I think we'll see the Dow below 8,000 today."
It's possible that the market is trying to tell us that the Q3 GDP number expected on Thursday is going to be low, maybe -1.0% low, who knows?
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