Global: What to do about market turbulence
see Thursday's video clip of this show, too.
- Markets outlook at this juncture
· I remain an incorrect bear: the Economic Time® is just so bad that unemployment levels will remain high
· Volatility is set to increase; a crash is on its way now
- Investment strategies to work through current volatility
o Cash is king, as is capital preservation. Fear should overtake greed as a mind set
o With volatility rising, the dollar should strengthen even more, along with the yen
- Where are the opportunities at this juncture? Which regions / sectors are
outperforming?
o The big opportunity has to be to catch the bounce in dollars and in gold
o By sector, I would be long only of safe sectors, e.g. consumer staples and the like
- Anything else you wish to raise?
o That the IMF “suddenly” has come out proclaiming that banks might be in trouble is yesterday’s news. Under-capitalized banks get in trouble whenever the Economic Time® is bad.
