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Monday, August 8, 2011

Another Black Monday? ctd...

Aug 8th, 2011

Well... we've been following the international signs (HERE, HERE and HERE) since 3am CST. If this turns out not to be a Black Monday... it's gonna be really lucky.

From AP:

"The Dow Jones industrial average fell 151 points in morning trading, or 1.3 percent, to 11,300. The S&P 500 index fell 19 points, or 1.6 percent, to 1,180. The Nasdaq composite index fell 51 points, or 2 percent, to 2,481."

The NY market has been open for 54 minutes. Ironically, in spite of all the hand-wringing the over the dollar, sales of T-bills continue to make gains. (BTW, I know Dagong Global is a ridiculous tool of the Yuan's artificial propagandists... save the angry e-mails)

Just remember... there is only one safe investment in this world.

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