DW--There is no bottom, the financial markets are facing the abyss. People are flat out scared, seeing their lousy 401k plans going thru the floor. Ah, wait a minute, the 401k was the cause of all this mania in the first place! Add to that the world now looks at our govt. as something of a joke. Japanese have said they may dump their US govt. debt holdings. N Korea lets loose with a rocket, over Japan!
Middle east spining out of control, as is Africa.
"Naturo abhorret a vacuo" <Nature abhors a vacuum>, and we have a big vacuum in world leadership right now, to say the least.
Take a look at the M2 money supply. They are printing like crazy.
And Clinton will save Russia this week. Let's see, when the dow dumped 330, the Wilshire 5000 lost $468 BILLION in real money.. Gone, evaporated into thin air. You don't see the pudits talking about that, do you?? No, just buy the dips, everything is just fine. Just buy some more financial products, will you.
Gee honey, I hope social security can save us. That is the next crap you will hear, put the SS money in the market, to save it!!!!!!!!!!!!!!!!!!!
At some point, every Ponzi scheme ends, when the last fool has bought. |
