- Norcini – Global Markets In Extraordinarily Dangerous Situation!
With continued turmoil in global markets, today King World News interviewed highly acclaimed trader Dan Norcini. Norcini warned KWN that “markets are in an extraordinarily dangerous situation” and they “remain at risk of a continued collapse.” Norcini has done a remarkable job of keeping KWN readers around the world way ahead of the curve in terms of the turbulence in these markets. Here is what he had to say about the action in the markets and the precarious situation global investors face: “I think a lot of traders were caught off guard by Bernanke’s testimony yesterday, Eric. It appeared that Janet Yellen had telegraphed that there would be additional monetary stimulus forthcoming almost immediately. Janet Yellen and Bernanke tend to be dovish when it comes to Fed policy, meaning they think along the same mindset.”
Because there was no injection of stimulus, global markets remain at risk of a continued collapse. So this remains an extremely dangerous environment for investors and traders around the world. The great fear, of course, is that things could spiral out of control to the downside at some point if we get panic.