Make no mistake.. this is not 2008!
Sorry for all the fine details… this is my macro outlook… have you been impressed with the fall in US equities? I think we actually make another run higher… fake everybody out… THEN fall 80% or wherever.
Also for gold.. it will run up with US equities.. THEN severely correct.
Edit: Side note.. see my flip flopping as I also had this scenario not too long ago…
Edit2: Maybe not flip flop.. maybe I should zoom in on the vix spike in August 2007..
I think the bear market rally just finished and we have started second leg lower.