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Synopsis

John O’Donnell and Merlin Rothfeld take a look at many of the major issues facing the financial markets. After calling a 1.5% decline on the S&P market on Thursday’s show, Merlin explains what factors caused his assessment, and target. John runs through a bunch of charts of economic data to help justify his comments that the market is poised for more downside movement. If you are finding it difficult to get financing or a loan, these charts will really drive home why!  John also tackles a listener question about selling rallies and buying pullbacks like we are seeing in the current market.