Commodities, the Euro, financials, and equities as a whole are being hammered. The recent 22% run up came quickly on news that did not exactly resolve the serious underlying problems. Commercial Re, insurance companies, and financials are all still in major trouble and, in my opinion, will lead us to new lows.
I have not been posting for the past week because I attended the RISE IX conference. It was a great experience with lectures and workshops from executives and head analysts from companies and institutions such as Morningstar, U.S. Steel, and TIAA-CREF. A wealth of knowledge and experience was made available to the 2,600 students who attended.
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