Posted on 08/08/2011 7:11:16 PM PDT by waus
Dow futures are tanking once again after today's 635 point drop. At 8:43 CST they are down 268.
Asia is getting slaughtered right now.
Hang Sang down over 1500 points.
Nikkei down 400 points
http://finance.yahoo.com/intlindices?e=asia
WHAT IS THE PROCESS TO REMOVE BONER AS SPEAKER?
Percent-wise, Hang Seng (HK) is down 7%, and Seoul is down 7.35%, and three other exchanges are down about 4.5%
The host cut him right off:
"Excuse me -- excuse me -- excuse me. I know it dropped quite a bit today, but at no point was it down a thousand points!"
The guest noted that he was including last Thursday and Friday as well.
Host: "Oh. Well. I guess it did drop a thousand points. Go on."
But it's all the fault of the 80 or so Tea Party people in the US House. They are to blame. No one else. [/s]
The Left is in denial, but I don't think they can keep this up for too long.
That village idiot from Texas, HE caused all this. obamadrone2
Obama and the left is hoping to whip up hysteria in the hopes that it will turn against Republicans. If they’re wrong, they’re destroying themselves.
He can be removed with a simple majority vote of the House.
now down 300 points on the futures.
Tomorrow is all about Bernanke and QE3 - will he or won’t he? Count on markets tanking worldwide until we know, and if the answer is no... markets will continue to tank until they reach equilibrium (where they should have been without all the intervention).
If you have funds exposed to this market and don’t really know what’s going on, you could do worse than to be in all cash right now. *disclaimer: I am not a registered financial advisor, this should not be construed as financial advice
When the DOW gets to around 3500 it will be where it should be equity wise.
Dow futures down 212 points as I type this. So, it’s not a point of panic yet, although some powers that be behind the scenes apparently are trying to incite unrest.
Chinese CPI came in hot. I don’t know if they will tolerate another round of easing, which will push their inflation even higher.
Dow futures are down 246 right now.
Barack 0bama, the members of his administration, Harry Reid and the Senate Democrats and Nancy Pelosi and the House Democrats should all be placed on the Economics Molester Registry and never be allowed to come within 1000 feet of a school or governmental institution for the rest of their lives.
The rout in the so-called risk currencies (Aussie dollar, New Zealand dollar, etc) and the rise in the yen is very disturbing. If anything, the forex market is where the Central Banks will intervene.
Ah, this just came over my news feed:
TOKYO (Dow Jones)—Bank of Japan Gov. Masaaki Shirakawa reiterated Tuesday that the central bank is paying particular attention to the negative impact of rises in the yen, which is now hovering around the Y77 mark against the dollar.
“Amid high uncertainties about overseas economies, particular attention must be paid to the negative impact of the yen’s appreciation on the Japanese economy via falls in exports and deterioration in firms’ profits and business sentiment,” Shirakawa told an upper house fiscal and financial affairs committee.
The BOJ chief added that a higher yen could have positive effects by increasing the nation’s purchasing power in the long term, while negatively affecting exports in the short term.
Aso desu ka...
Aug 08 22:53 *DJ 1 Big Non-Japan Bank Seen Buying Dlr/Yen, Euro/Yen Actively - 2 Dealers
Aug 08 22:53 *DJ Unlikely Yen Fall Due to Japan Intervention - 2 Dealers
Man that Tea Party is powerful.
I don’t think that there is any need for anyone to incite anything for this to get rolling on its own. The bottom line problem is that there is negligible confidence in political and financial leadership anywhere in the world except possibly in Switzerland.
Political leaders have lied about the situation time and time again. So have the heads of central banks and major financial institutions. They actually changed the rules to allow large banks to lie about their financial position. The financial leaders have been running Ponzi schemes for years and are the prime movers in the crisis in the first place.
Now it’s all running out at once. Nobody believes lies from politicians anymore, and the fraud in the financial sector is blowing up of its own accord, as was always its nature.
It’s a problem that can’t be solved with bazookas!
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