Make that down 530. And I’m shutting down for the night. At this point, I wonder if the exchanges will even open in the morning.
Yeah, they will...this is not as bad as it looks. We are way due for a 10-12% correction.
There needs to be another catalyst like a Lehman or a bond crisis...(US bondholders flee)
This is possible due to the timing, (going into September).
We shall see.......I’ve been expecting it.
You cannot operate a market on pure bullshit for the longterm...
“wonder if the exchanges will even open in the morning”
Yes they will open, hell to pay if they don’t. The fat cats move the markets either up or down. They don’t care how they make their money, going long or short at the expense of the Retail investor shlubs. The more volatility the better the profits.
Wow, the Chinese stock market is down 10% just today. I wonder how bad it would be if the Commies hadn’t put trade restrictions on many of the fat cat company share holders. I see a slow down in So Cals hot real estate market (fine by me) if people didn’t get there money out of that market in time.