The definition of Protectionism is : The economic policy of restaining trade between nations, through methods such as tariffs on imported goods, restrictive quotas, and a variety of other restrictive government regulations to discourage imports and prevent foreign take-over of local markets and companies.If we do not start taking care of the Global metldown ASAP, Protectionist calls will pressure for "jobs at home" in every country and the threat of protectionism will become real...
Anyway, we continue with unreal stock valuations and "hope" still with us... Breath in markets has been abysmal and indicators show the worst in many decades is coming. Meanwhile markets stay resilient to the reality...
New bottoms loom ahead. Maybe SP at 650 is not far form us.
WIZ
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