This guy (Coxe) seems all over the board. Nasdaq 800, US$ tanking, tech is done...yet buy the recovery...hotels, base metals, papers, autos, banks, and oil.
Don't see how these can go hand in hand.
If equities crash further, real estate would seem likely to follow, and the consumer economy is sunk (sinking as we speak).
How does this bode well for base metals, hotels, papers, autos, and banks.
The case for oil would also seem mixed. War premium vs. lower demand.
Whose going to be buying all this stuff. Where does the demand come from?
I'm confused.
Andy |
