You don’t see it because you’re still pretty much stuck watching the T.V – looking for stock market direction, and perhaps a glimpse into where things are headed next.
I just watched one CNN gal ask “the other CNN gal” – The Dow is down -156 Why is this happening? Mutterings of “lower than expected Manufacturing PMI numbers” out of China, which IS actually the case! I almost couldn’t believe my ears. These gals got it right! Do you care?
Simple enough – above 50.0 indicates industry expansion, below indicates contraction, so with a reading of 49.6 (the lowest reading in 6 months) we’ve found our smoking gun.
China is the global growth engine, and the United States largest creditor. As goes China so goes the United States (not to mention the rest of the planet) as global growth is clearly slowing!
So I’m curious….and would love to get some feedback.
What you plan to do about it? Seriously…..
Are you going to just “ride out the next dip”? What if it’s not a dip?
What would you need to see / hear on your “T.V” that would have you consider making plans / taking action to protect yourself – should things seriously come off the rails?
Are you watching the Australian Dollar get taken out to the woodshed here today? The Nikkei down -360 points! I’m up an additional 4% No wait……Justin Beiber just got caught drinking and driving so…..I’m sure that’s the top story for today. Pfffffffff!
I’d also be very wary loading up on gold here as I expect further USD strength. This would allow for gold/silver to “correct” at the very least.