Keep calm and carry on5 Apr 2018 11:14
Quote of the Day "There's debt behind this asset bubble, and this leverage is what's risky. So I think the Fed is clearly, this time, on the side of targeting assets bubbles. Investors are asking if the stock market drops, if the Dow drops a thousand or two thousand or five thousand points, is the Fed going to step in and put a stop to it? And my gut feeling is, no, they won't. They will let this run unless credit freezes up. They're trying to bring these asset prices down somewhat. I think that's the environment we're in. We have bubbles everywhere, and now we have Central Banks trying to somehow save the system with minimum damage." � Wolf Richter, WolfStreet.com
If this happens (and I suspect it will) gold should be the place to go and HUM should benefit both from the drop in the equities market, and the slow decline of resources being mined due to historic lack of exploration and significant finds.