In the words of Dawoofdaddy, "blood on the streets".
All the signs are there:
-Housing market continues to slump
-Credit crunch for financial institutions
-Devaluation of the dollar
-Declining forward corporate profits
-Decrease in capital spending
-Commodity price increases
-Consumer spending evaporating
-Poor government fiscal policies
Oil went over $100 a barrel on the first day of trading, Gold hit a record high. The market tanked as a precursor of things to come.
All the signs are there and it is only a matter of time before the disconnect between Wall Street and the real world evaporates.
Blood on the streets, indeed.
All the signs are there:
-Housing market continues to slump
-Credit crunch for financial institutions
-Devaluation of the dollar
-Declining forward corporate profits
-Decrease in capital spending
-Commodity price increases
-Consumer spending evaporating
-Poor government fiscal policies
Oil went over $100 a barrel on the first day of trading, Gold hit a record high. The market tanked as a precursor of things to come.
All the signs are there and it is only a matter of time before the disconnect between Wall Street and the real world evaporates.
Blood on the streets, indeed.