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.
Monday, August 8, 2011
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