Our friends at Livesquawk reporting. Bloomberg have it also.

  • we're going through a correction
  • China has plenty of ammo left
  • oil may not have bottomed out
  • Fed will continue to raise rates
  • now is not the time to have flight into cash
  • recommends that clients pare risk a little

A cautious but glass half-full assessment from the boss of the Swiss banking group, one of my former employers in the 1980s.

Ah, happy times !