1. Stevie b. says

    Edward – I know we differ on this, but maybe it’s a matter of timing. I feel the lemmings are heading for the cliff. Even though they may still be a fair way from the edge, I do know I don’t want to be a lemming.

  2. Edward Harrison says

    no, we don’t differ. the lemmings are now jumping. I still look for value but I LOOK now more than buy. I’ll have to wait until this crash is over.

    For me, this is serious financial Armageddon.

  3. Anonymous says

    may day!!! may day!!!

    Ed, can you please more on “serious financial Armageddon”; how is it going to be different from the last few weeks. I though we were witnessing slow-motion crash the last few weeks…now today is the real crash.

    what does it mean going forward.

    great blog…keeps me sane during these insane times. thx!

  4. Edward Harrison says

    I have taken a fairly balanced perspective to date. But, this is definitely the most news worthy and potentially catastrophic day to date. This is a global panic on par with 1987. But we are also seeing major moves in currencies, commodities and bonds. Everything except bonds and cash is getting sold and people are moving out of currencies in a breathtaking way.

    I am very worried – even scared — and that’s the first time I can say this.

    The news coming out is like a fire hydrant right now. I can’t keep up with the changes.

    Thanks for reading.

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