Ok that's sweet. Now where's the dollar bottom? And next time don't end your stupid post with a link.
Dow off another 100. Nice 600 pts so for from the highs. Didn't catch the whole thing but so far so good Should bounce in ~ 2 days.
Asia is getting hammered right now. HS down over 400pts! I do not think the FED can keep up the illusion any longer, they are the boy who cried wolf and no one believes then anymore. Even housewives can see just how fraudulent all these bailout actions are. Just throwing money right out the door and into the wind, a completely wasted exercise. You can not gut the entire blue/white collar workforce and not pay the price. There is no such thing as a jobless recovery and washington has DONE NOTHING to create policies that would lead to substainable job growth and I mean decent jobs with benefits and paychecks that where as good as the jobs that where allowed to be sent to cheap labor markets. The middle class is decimated. We are at the point of no return. The ARM's are going to spike again(they have been in a temporary pause while the hot air rally has taken place. They are going to spike again beginning in Nov. and this will send the DOW into Catastrophic Wave C. The big wave DOWN. You cannot run propangada in the media, and artificially inflate paper assets(stocks, bonds) while the fundamental continue to worsen on a exponential scale and not pay the price. The price is the whole house of cards comes tumbling down this time. No illusions, no propaganda, just brutal honety and reality as the truth is revealed. This will be our chance for some real and meaningfull change. Things cannot continue as they are, it's to insufferable. Smart folks know the rally is over and that the hedge funds and institutional banks have been distributing for 4 days now. When distribution is complete Catastrophic wave C will commence. You can fool some people some of the time, you can not fool them forever, this time folks are not taking the bait, good for them, better to have someting left than nothing, especially during the Kondreitieff Winter we are about to go through. Besides printing money 24/7, they better get used to printing food stamps 24/7 for the amount of apps for them will spike as well. You have over 100 TRILLION DOLLARS in intitlement obligations(Social Security, Medicare, etc), 650+ TRILLION DOLLARS of Toxic Waste hidden on the world's bank balance sheets and the debt goes up more than $140,000 dollars a second=ticking time bomb. Get ready and prepared, the fallout is coming and the chart shows it a mile away.
Yeah I agree. It's starting to get ugly. Market off 260 finally some panic. Really tearing thru the bids. One thing is though this could be setting up for the largest sideways move the market has ever been in for the next year or so. We go thru lows we're gonna see a blood bath but it looks like some FED shenanigans are going to start in a bit here.....