Last week was indeed a mess. Panic to the left of me, panic to the right, bail out, sit tight, . . .!
Thought I was going to lose it when I heard about the mortgage re-negotiation plan . . . sounded like a sure fire way to take a 5% problem and turn it into 15% problem overnight.
Anybody get excited when the news came out that there were 5 million mortgages in default because loans were issued to illegal aliens?
So the media does its thing. . . something like shouting "FIRE" in a theater and fear takes over.
That was last week. Today, last week is just a memory to the media . . . however . . .
I'm a fan of John Hussman, President, Hussman Investment Trust, I think his news letter this week is worth sharing with you. Here are a few excerpts with a link to the entire article.
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