What Decoupling 12/2/08
The United States is officially in a recession and there are very few countries in the world that have gone uneffected. Real estate, stocks, bonds, currencies, commodities are all being effected; we expect extreme volatility and irrational moves to persist for some time. The lack of follow thru in equities leads us to believe there is another leg lower. Oil has yet to bottom with fresh lows today. The RBA cut 100 basis points as expected to 4.25%. Look for cuts with more central banks over the next few days. Read HI HO Silver report from November 10th. Silver continues to be our top pick.
Tags: central banks, decoupling, oil, silver, stock market, volatility
