So after today's mess in the financial markets, Stratfor sends me this analysis tonight. Read it now. Don't worry; I'll wait.
Now that you've read it, you understand the situation. Right?
I like Stratfor. They do good work. But I think they totally punted here. As I summed up my takeaway of the piece for my Facebook friends:
Things ought not be bad but they are. Bank of Japan hit the panic button but when the EU banks did the same thing nothing bad happened. The Fed fixed it with QE but we don't know if they really did or not. Things may get worse, or they may not. People are overreacting, but they have reason to.
That's clear as mud to me.
People are scared. I get it. But let's remember a few things:
So what am I doing?
What are you doing in response to the market turmoil? Leave a comment below.
Here's where I tell you what I think about things I think about.