It's hard to believe that it was just one week ago that everything looked great for a year end rally with CDG at $2760 and CDS above $33. Now, just five short days later, and here we are at $2600 and under $30. Remarkable and brutal, all at the same time.
Jerry really did a number on everything today as, for once, it wasn't just the PMs and mining shares that took a beating. It was everything! But that's no consolation for the disaster zone that is my IRA today. Yuck.
So where do we go from here? Let's try to summarize the situation and move forward in this podcast....
