Where are we now?

The list of stocks near 52-week lows is a who’s who of American business

/snip list

There are no winners in a bear market. Survival is the name of the game. A new bull market will begin eventually, but right now, we’re in the “everything must fall” phase.



The retail numbers were very good this morning.

If the US lived in a vacuum, then this mess is not bad. Maybe a shallow recession.

The only question is do the Chinese financials collapse? That will wash up globally.