The market is once again in turmoil.
Futures are super RED showing a weak opening for Wall Street. Is this a chance to buy cheap stocks again?
I think so.
This is why…
Recession is not going to happen. The job report might be bad, but it is a lagging indicator. The overall job market is actually healthier than what is shown through the job reports.
Mortgage losses are declining. Banks have more or less written off most of the bad loans.
The economy should improve from here onwards, driven in part by Asia, Latin America.
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