GreenFrog
Stylish Dinosaur
- Joined
- Oct 20, 2008
- Messages
- 13,767
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Thank god they're taking monday off...
Except we'll get the mother load of data from China by Tuesday:
1. GDP
2. Industrial production
3. Retail sales
I predict Tuesday will be another bloodbath.
My biggest fear right now is that new jobs and joblessness figures from the US, which, right now are very supportive of the notion that we've got an okay economy, will start to move in the opposite direction very rapidly through the first half of 2016.
If that happens, all bets are off. Maybe at that point, the Fed will intervene and get back to accommodative policies and the market will rebound somewhat. Maybe QE4 will legitimately be on the table by then.
On the flip side, who knows? Maybe this is another repeat of the August correction and we rebound to low 2000s by Feb? Maybe corporate earnings will surprise to the upside because sentiment is so low? My gut feel on the odds of this happening are very low, but one can wish.
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