Yesterday was too busy to blog, sorry.
OK, so the markets around the world tanked yesterday with all the US indices off over 5-7% and hitting new 5-7 year lows.
Does this sound odd? The US Government passed a $700 Billion USD bail-out package on Friday, Oct 3, and the markets have tanked about 1000pts? That wasn't suppose to happen. So what is going on?
Well, whenever the markets are changed by big government intervention, the markets don't know how to act. In effect they are searching for the new rules that are being placed on them by governments around the world. The market volatility is going to stay around until these new rules become apparent to most market participants.
Be ready for more ups and downs and for this to help BHO (Obama) to get elected with a very large Democratic sweep of Congress. Man, this country is going to get a big lesson in civics. When you elect someone without experience and with very liberal, shall we say socialistic views, and put a single party in his back pocket, you get what you deserve!
BHO's 8 years unless he really does something dump and gets impeached, a scenario hard to see with a Democratic Congress, he will completely change the governmental landscape in the US towards a much more centralized government control.
Be careful what you wish for? It usually has major LOUC associated with it. (DYH) Go back and see the post on Oct 3 about:
The USSA Begins Today
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