But CNBC soothsayers note core inflation is holding at 3%, of course that's useful to anyone who doesn't consume food or energy.
Europe and Asia down 2% today, futures point to a weak open in the US, Oil at $146, USD at ATL vs Euro, Fannie & Freddie on the ropes again premarket...and it's a Tuesday, a classis capitulation day. All signs point to a washout in the market...but I don't think we'll get it, just another swirl around the sink before the eventual drain. Heck, the VIX is not even $30...not enough fear yet. When the day comes, it will be fugly. Got gold?
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