The Final Act of this Economic Tragicomedy

by Bill Bonner

Mr. Market Will Have His Way

The Dow fell hard on the first real day of trading in 2015 – down 331 points, or 1.9%. And US crude oil fell below $50 a barrel, as pumpers kept on pumping to try to keep up with their debt service costs.

We don’t know if this heralds bad things for investors in the year ahead. But it reminds us that, in the struggle between Mr. Market and Ms. Janet Yellen, Mr. Market will have his way – eventually.

Most likely, the “buy the dip” reflex of last year will assert itself again. US stocks will go back up. For a while.

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