Correct me if I am wrong. A 5% drop is considered pretty bad. It is also implied that there is more trouble to come.
Compared to what is sometimes touted as “big” drops in the Obama era, I would say so.
This is an indication of the great second phase of recovery which will soon be announced. Only those who are pure in spirit will be able to see this recovery so if you don’t happen to notice a recovery don’t tell anyone or they will know you have an impure spirit.
How Goldman Sachs on one hand downgrade China, and on the other hand be a cheerleader for the US markets? If gold is going down it is a bad bad sign that some serious deflation is coming down the pipe.