Without a doubt both sides are going to spin this recent decline to their own ends.
Even if the market turns around tomorrow, I can't see how the first quarter is going to look all that good when it comes time to report....declines in equities, commodities and (despite the usual 'run for the hills' clarion call that is) gold presages a poor coming 1st quarter report.
Or not. Me saying there is a good chance of a bad 1st quarter should be proof that now is the time to buy, buy, buy!
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