Don’t kid yourself: The Global Financial Markets on Friday were on the brink of collapse. But, if this were football, the ball would be first and goal on the one-yard line. This morning we roll out the two play books which will be deciding next week.
One is the Bull playbook. It allows for the Bears to advance the football, right down to the goal. But we are going to see flags flying on that play.
That will leave the Bears with fourth and inches – and the Bears blow the point-after – and the Big Depression doesn’t start now. We get the new highs by May that I have been talking about.
But Football and Life are never simple.
So we need to peak inside the Bear’s playbook and model out how bad things could be if this is the Gates of Hell about to open.
The next couple of weeks are guaranteed to go into the financial record books, either way.