Anyone looked at the Stock Indices today?

Go look. and come back and discuss.

Bombs away.

www.fidelity.com

They are gonna face quite the wrath.

I swear all that man has to do is fart and it affects the stock market.

To be replaced by Larry "Blowin' sunshine up yer ass" Kudlow.

:nopity:

namely that foreign governments and investors wouldn't keep financing our twin deficits forever, spooked a lot of people into selling their dollar-denominated assets. Not just stocks, but those US Treasury notes that are (still) paying ridiculously low interest rates.

That and a small jump in oil prices (along with herding instincts) seem to be the main culprits, in my estimation anyway.

More info:

http://quote.bloomberg.com/apps/news?pid=10000006&sid=ah6_ljv00Cxo&refer=home

when asshole leaves office with a thrillon dollar deficit and the baby boomers start retiring and cash out their 401k's?

on T-notes are low precisely because the world has been buying them hand over fist, with nowhere else to put the money that we dumbass Americans give them for their slave labor goods. People have been worrying about a major selloff of US debt for a while now; Greenspan is known as a guy who is the last to mention bad news, so when he does it scares the crap out of the bond market.

my picture is not working.


doesn't look to good does it. What's new though. I don't think Greenspan is spooking he's just finally being honest.

Those big turkeys cost real bucks.
The gas to bring them home is worth even more.

Ignore this, nothing here to worry about...move along, move along.

The nation approves digging deeper hole for its indebtedness. This is all a put up thing by those HARVARD MBA's that couldn't get decent jobs retailing for Walmart or Sears.

BTW, please ignore verses in KJ version of the Bible that prohibit usury.

and make these deficits even bigger!!!!
Our kids, and grandkids, and great-grandkids need something to pay for!!!
(Of course, that's assuming that the USA is still here for them)

My gold did well today. It was up $4.30 last I saw.

The Markets Moved. No Big deal. We readers in the know were already savvy to the dollar swirling in the toilet. No big news here.

John "Snowjob" Snow was in the news a few days ago. He was the willing accomplice to the Death of the Dollar. It's now in rigor mortis as we speak.

Bush and his Corporate Cronies did this on purpose. They are counting on US firms making a killing in the next few months due to lower prices. Of course, they didn't count on killing their markets. (Rule #1 in the Parasite Handbook: don't kill your host, because when you do, you die).

They forgot

1) Due to decreased business, other countries can ill afford to buy American goods, the overriding reason for this.

2) European countries might decide to boycott US goods.