Greenspan was predicting a correction.
Hold your hats.
But as Mr. Potter said in “It’s a Wonderful Life”, the suckers are selling during a run, and the smart people are buying. Of course, you don’t just buy anything, you need to buy smart, too.
There, 1st to say it.
“The stock market is experiencing its worst one-day sell-off in months.
There’s no shortage of things to be worried about. Argentina just defaulted, Iraq’s a mess, and Russia could soon retaliate for the latest round of economic sanctions.”
And if Ebola breaks out into countries that actually produce something... But the market will prolly be the least of our worries at that time.
ping
Apparently none of them read the Unemployment stats.
There is ANOTHER explanation for the jump in employment costs, odd how that does not get mentioned.
Costs of Obamacare. No one is really sure yet just how much this disaster is going to cost.
All these mental midgets trying to explain the sell-off. Very simple: The markets have been on an upward march almost without interruption for something like 4 straight years. A heathy market requires periodic pruning. We are do and this is a good thing.
Thank goodness this has nothing to do with employers having to suddenly pay their employees $15 and hour.
Fake 4% GDP
Fake 6.2% unempl
Inflation on groceries and gas and no spending money...velocity coming to a halt. Part time jobs only.
Gold and silver price manipulated.
Duh.
A hike in the minimum wage will do that to ya......
Government pension flow into the FCGPDJ, Fascist- Contractors-Government-Pension Dow Jones, just can’t keep Extorting enough from the independent sector, as they are trying to do with Extortion-Care.