A little explanation might be helpful.
FedEx is another very good proxy for worlwide economic activity. Just guided expectation lower for this fiscal year by roughly 8 percent and cut planned capex expenditures for the year by the same amount.
This thing is slowing rapidly with Europe leading the way and their stressed to the max banking sector about to kickoff a chain reaction meltdown.
2008 was just a trial run.
Zimbabwe the hell hole had the best performing stocks market for awhile. Basically we shorts are fighting Bernanke’s easy money policy, the too big to fail banks that benefit from that policy and use HFT trading to goose the market and the uber stooges the public pension plans that have to buy SPY every two weeks. Imagine a Democratic party operative in charge of a public employee pension plan that he/she is going to sell and book profits or shift to more bonds? The cult would crucify that person.
CAT + copper = Asia