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HURRICANE EARTH (It Finally Hit Us)
The Business Insider ^ | 2-4-2010 | Joe Weisenthal

Posted on 02/04/2010 4:06:57 PM PST by blam

HURRICANE EARTH

Joe Weisenthal
Feb. 4, 2010, 5:40 PM

From the time the market started rallying last March, skeptics have been warning of a coming storm ahead.

Today, it felt like we experienced it. As one market pro put it today: This was real.

Here are the key highlights:

* The 15 sovereigns at risk of collapse >
* 20 reasons the economy can't recover >
* Morgan Stanley: We can't believe how fast the euro unraveled >
* The Dow crashes through 10,000 >
* It's a good thing you're hedge with gold >
* The crazy action in leveraged ETFs >
* TALEB: Everyone should be short treasuries >
* The countries short-sellers are abusing >
* Commodities hammered >
* Moody's: The US debt is vastly understated and on course for a downgrade >
* Portuguese debt disaster bludgeons the euro >

[snip]

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: djia; doomandgloom; dooooomed; gloom; gloomanddoom; markets; stocks

1 posted on 02/04/2010 4:06:57 PM PST by blam
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To: blam

excellent snip.


2 posted on 02/04/2010 4:09:31 PM PST by the invisib1e hand (governance is not sovereignty [paraphrasing Bishop Fulton Sheen].)
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To: blam

* It’s a good thing you’re hedge with gold >
* Commodities hammered >

uh... aren’t those mutually exclusive?

Anyway, for those of you who hedged with gold, I note it was DOWN 4% today.

My DZZ did pretty good though... up 8%.


3 posted on 02/04/2010 4:10:47 PM PST by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: blam

Gold plunged $50/ounce today because people, companies, and governments need cash, not inflation hedges.

They need Liquidity, so they are dumping assets.

We’ve got Deflation.


4 posted on 02/04/2010 4:12:37 PM PST by Southack (Media Bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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To: Nervous Tick; blam

Oh, I get it... he was making a funny. Inconsistency alert canceled! We now resume our regular inane comments.


5 posted on 02/04/2010 4:12:46 PM PST by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: blam

and on that cheery note......


6 posted on 02/04/2010 4:14:30 PM PST by beebuster2000
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To: Southack
We’ve got Deflation.

I've got dollars, and I can afford to wait.


7 posted on 02/04/2010 4:15:03 PM PST by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: Nervous Tick

Gold is more than a commodity.


8 posted on 02/04/2010 4:15:45 PM PST by USFRIENDINVICTORIA
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To: USFRIENDINVICTORIA

>> Gold is more than a commodity.

Yah, I know, it’s MONEY... right?


9 posted on 02/04/2010 4:18:09 PM PST by Nervous Tick (Eat more spinach! Make Green Jobs for America!)
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To: blam

But, diamonds are a girls best friend..... :)


10 posted on 02/04/2010 4:32:08 PM PST by Conservative4Ever (Man the pitchforks and torches.......let the revolution begin)
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To: blam

Great post.

parsy


11 posted on 02/04/2010 4:47:59 PM PST by parsifal (Abatis: Rubbish in front of a fort, to prevent the rubbish outside from molesting the rubbish inside)
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To: Conservative4Ever

Diamonds4Ever.


12 posted on 02/04/2010 4:54:51 PM PST by blam
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To: blam

Corn and soybeans were up modestly today,not a good sign when everything else is going down.


13 posted on 02/04/2010 4:55:16 PM PST by Farmer Dean (every time a toilet flushes,another liberal gets his brains)
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To: blam
Diamonds4Ever

No, but the payments are!

14 posted on 02/04/2010 4:59:30 PM PST by occamrzr06
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To: blam

I like it!! :)


15 posted on 02/04/2010 5:46:35 PM PST by Conservative4Ever (Man the pitchforks and torches.......let the revolution begin)
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To: Nervous Tick
“Yah, I know, it’s MONEY... right?”

Arguably. It's also used as jewelery — which doesn't have the same links to the economy as most other metals, or fuels.

16 posted on 02/04/2010 7:02:57 PM PST by USFRIENDINVICTORIA
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