For once "The Donald" agrees with me!

Good afternoon,

Donald Trump just agreed with me! He just told the talking heads on CNBC that he thought we would see a recession in this country and soon. He also said the FED should lower interest rates by a full point NOW! I happen to agree with HIM! Let's see if any of this actually come to fruition.

ALERT - The FED is actively adding reserves to the banking system according to the newswires. They need to do much more but they'll always be way behind the curve because they're bureaucrats.

So, there you have the final word from two of the world's greatest financial minds (egos?).

The markets have been relatively stable although sharply lower as I write. DOW futures are down 190 as I write. Once we crack 13000, it could be a quick slide to the 10,000 level wiping out the entire year's gain. We'll see how it all plays out.

Regards,

Dale F. Doelling
President and Chief Market Technician
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