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[Calista241]

40. The problem with this

Is that there's nothing in the immediate future that's going to turn it around tomorrow, next week or the week after. And there's a whole lot of geo-political stuff that could exacerbate the downtrend. The reports (like the employment reports) that were supposed to stabilize the markets came out and had the opposite effect.

The Fed just met, and decided not to do anything, and they don't meet again until September. Even if they did an emergency cut, would that solve the problem? The Sahm rule has been triggered, layoffs are being announced / implemented over the next month. Are more layoffs ahead?

We've basically got 30 days for the doomers to preach before any positive news could possibly be released. And after 30 days of doom, will the reports that could fix this actually fix it?

As far as the election is concerned, this is the worst possible timing. Everyone is going to think we're in recession, but without really knowing for sure. Markets are in a tailspin and unlikely to recover in the short term. Economic anxiety is going to be off the charts.

The Nikkei dropped 12% yesterday, in 1 day. If the US markets lose 12% this week, that is going to be a catastrophe. All other political issues will go away, and the economy will be the #1, #2, and #3 issue on everyone's mind.