“I’ll just conclude by saying most of the issues that we’re dealing with today are induced by bad political choices,” Smith said. “I mean, making a bad decision about a new tax, creating a tremendously difficult situation with Brexit, the immigration crisis in Germany, the mercantilism and state-owned enterprise initiatives in China, the tariffs that the United States put in unilaterally. So you just go down the list, and they’re all things that have created macroeconomic slowdowns.”
No buying dip as even whatever we hold is likely to go down further including AAPL, JNJ…etc.
My gut feeling is Oct 2018 = milder recession of Oct 2008, but recovery may be Mar 2020 (after two rate hikes ended).
Sounds like it should be shorted.
True, it deserve short !