Loading ...I believe so sir.
Couple developments – Bank stocks getting shredded, really bad early on. The regional banks are all of a sudden in trouble. Their loans in some real estate are already going south, etc. They can’t loan b/c credit is too tight, and their paying higher interest while they have declining deposits. The Fed has caused a run on the regionals. Probably on purpose as the Davos crowd and the Demons/Rino’s in the US want to consolidate financial power in fewer and fewer institutions.
Gotta love em’ they just keep comin’. 🙂