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6.5 Thoughts on a -666 Point Dow Down Day

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Our newsletter is up for this week, and unless you are one of the lucky few who is cruising the Caribbean, without power, or otherwise disconnected from the world today – you have no doubt heard of the financial fallout following S&P’s downgrade of US Debt and resulting market activity: Dow down -635 pts (-5.55%), Nasdaq down 175 points (-6.90%), S&P down 80 points (-6.66%), and Oil down -$6 (-7.18%) while Gold rallied over $68 dollars to a new all time high. All of this follows losses last week, and we now have US markets down between -15% (Dow) and -24% (Russell 2000) from their 2011 highs.

Even as stocks open higher this morning, the lesson remains- the stock market can be truly brutal, and with uncertain political and economic conditions placing a stranglehold on the markets, there’s no way to tell whether or not this bounce will be a durable one.

We’ve been fielding calls from managed futures clients and others all day, and, realizing that these were probably not isolated concerns, decided it might be worthwhile to compile the information for your reference. Whether first in your mind is the security of the funds in your account as major banks stumble or whether it’s time for you to abandon ship (in our opinion- it’s not), here are 6 thoughts to reflect upon… plus 1/2 for good measure.

Click here to read the full piece: https://bit.ly/n2kVGV