Yep I bet that the “Market” in Sodom REALLY “Tanked” after all of that “Fire and Brimstome” hit.
I'd say it's the same "Somebody" that made sure that the British did not locate the colonists @ the edge of the Delaware, despite a 20 mile trail of blood in the snow, and the same "Somebody" who made sure the colonists plans, which had been transmitted directly to the Hessian commander in Trenton, remained unopened and in the commander's pocket until AFTER Washington's crew had vanquished the enemy. Interesting how it always seems to work out that way.
It would fit perfectly. A judgment from God
There have been many other declines worse than this. Were those ‘Judgements’ too?
The market is also a judgement. God has lifted His hand of protection from us.
Prepare for much worse now.
Most people see the news in a simple way: They see people lining up at the ATMs in Greece because the banks are going to close for a week and they see that perhaps affecting us here somehow.
I’d bet my last quarter that it’s not reaction to any SCOTUS pronunciamentos.
The Dow Jones is currently at 17675. So a 265 point drop is barely 1.5% of the total. I would not call that tanking. If anything, stocks are way over priced because of the Obama Fed money printing. It SHOULD drop at least another 2000 points.
It’s down 292.31, less than 2%, that’s tip money. :’)
Out of curiousity, I added these insurers to my watch list, and all of them are down today as well.
The Supreme Court’s Obamacare Decision Is Already Worth $3 Billion For Insurers
http://www.freerepublic.com/focus/chat/3304214/posts
Greece won’t be making a scheduled interest payment; and may not for some time, if ever.
The global financial house of cards built on ever-increasing debt is beginning to teeter. Collapse would be swift and devastating.
1) A <2% drop is not “tanking”. When this market tanks, you’ll know it.
2) The big issue right now is China. The Chinese potemkin economy is threatening to implode. Greece is a sideshow, at least as far as the US is concerned.
This may very well be the beginning of the end. But, then again, it may not. We are in an unprecedented position, where the entire global economy is one huge bubble created out of cheap money and speculation. There is no value in trying to time it correctly.
Um, no. The market should have had a 5% correction for a long time, and hasn’t. It sees some sharp drops now and then related to Greece and the Euro, but there is now $12 trillion in cash sitting on the sidelines. As soon as prices dip, those traders jump in, preventing any long-term needed correction.
Don’t forget about the bad winter we had...
This has been coming for years. It wasn’t a surprise or secret.