“What I’m calling for is a rip your face off, weeping bitter tears over the grave of the speculative wealth that you thought was forever crash. All those buying the dip because the Fed will never let the market go down will be crushed like scurrying cockroaches and all those trying to rotate into the next hot sector or asset class will also be crushed like scurrying cockroaches because when the Everything Bubble pops, well, everything pops. There is no shelter in a risk-off cascade.”
USAGOLD note: Not the sort of outlook your average all-in stock market enthusiast is going to entertain. Charles Hugh Smith dares to tread where few are willing to go in this highly readable and challenging walk on the dark side.