Posted on 06/20/2013 6:39:33 AM PDT by blam
We Are Witnessing A Rare Across-The-Board Selloff In The Global Markets
Sam Ro
June 20, 2013
Usually, when one asset class sells off, another rises.
And when a lot of asset classes fall, the so-called "safe havens" will rise. These include things like U.S. Treasuries, gold, and a handful of other currencies like the Swiss Franc or Japanese Yen.
However, everything is selling off right now.
"Rare to see every futures market I follow down," tweeted bond trader Ed Bradford.
Here's a look at a bunch of futures via FinViz.
(Excerpt) Read more at businessinsider.com ...
Recovery Summer 3.0...
“Sell Mortimer sell!”
Obama has borrowed trillions, spent on consumption and has made almost no capital investments. His EPA, Dept. of Energy and other Federal agencies have issued literally thousands of regulations that have stalled economic development and hindered capitalist activity. Bernacke has printed trillions of greenbacks. Financial gimmickry has never produced real wealth. These two men have hollowed out the American economy. These two men have done more to harm America than anyone in history.
Anyone who can’t see the purported “growing economy” is carried only by the repeated sugar rush of QE is in a state of delusion.
The nanosecond that QE rug comes out — and eventually it will — the economy will be in a southward trend for quite a while.
CNBC’s paid optimists will have to really shovel the manure to find that pony today.
Early stages of a HCHVE... high correlation high volatility event...
welcome to the real world, hope and change has run of gas....
out
Cash is king.
Shouldn’t “A Rare Across-The-Board Selloff” be described as “UNEXPECTED”?
All because Ben Bernanke threatened to scale down his free lollypop program (aka QE into infinity)
Time to admit this phony stock market is kept aloft by the imaginary money THE FED creates
Ah, yes - and Fidelity website kept giving me a “Can’t Access Server” message when I went to trade in my accounts!
Called the SOBs, liquidated holdings. They kept giving me the “sorry for the inconvenience” pablum, and probably didn’t like my replies.
It made me acutely aware of the vulnerability we all face relying on the net and other electronic communications that so permeate our lives. It can all be shut down with the flip of a switch, and we’d just be left sitting there with our preps, family and neighbors. Spooky times.
“CNBC’s paid optimists will have to really shovel the manure to find that pony today.”
There would be no CNBC without the general tone of CNBC being buy buy buy. The advertisers would take a walk without this constant pumping
"We don't think government can do everything. We don't think that top-down solutions are the right way to go. We believe in the free market. We believe in a light touch when it comes to regulations. We don't want to tax all businesses out of business."
Who should I believe?
“Recovery Summer 3.0...”
lol. Nice. If Obama was a doctor non of his patients would survive a cold.
The DJIA is down 149 as I post.
Buy shares in companies that manufacture red ink. And Vaseline.
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