Posted on 11/01/2011 9:38:14 AM PDT by Signalman
Frankly, any rise in the DOW of 100 points or more in a day is classified as a rousing Obama Success and heavily touted in the media. Things like these two days worth of 2-300 point drops are just flukes, errata, etc.
In these days of computers trading in milliseconds, professional traders manipulating sentiment and naivete of average investors, and the politics of supposedly ‘unbiased’ government groups falsely attributing events, it is easy to see why the common man who is prudent eschews these games where fortunes are lost.
One of two things are going to happen in the next year: 1) Obama and his lying group of conspirators will succeed in holding appearences together until they can enact massive wealth confiscation, or 2) the shit will hit the fan and even Messiah Obama will resort to martial law rule (he’s already bypassed Congress).
Staples - stock up, a moderate amount of cash, plenty of guns, ammunition and patience. Once Greece goes, and EU has to abandon, banks will domino down against guarantees everywhere.
Ohi Day (also spelled Ochi Day, Greek: Επέτειος του «'Οχι» Epeteios tou "'Ohi", Anniversary of the "No") is celebrated throughout Greece, Cyprus and the Greek communities around the world on October 28 each year, to commemorate Greek Prime Minister Ioannis Metaxas' (in power from August 4, 1936, until January 29, 1941) rejection of the ultimatum made by Italian dictator Benito Mussolini on October 28, 1940.
Unmentioned...... the MF’ers bankrupt owing all the banks
The MF Global implosion is adding a lot of fuel to this situation.
Suddenly, people remember that yes, the clowns on this side of the pond could have serious exposure to the EU nonsense.
MF Global levered up just as these morons on Wall Street did in 2007 on RMBS paper: over 30:1.
When anyone levers ANYTHING up 30:1 (or more), it takes only the slightest ripple to cause implosion of the position.
Southern Europe is a limb full of gangrene. Amputate it. So so as a surprise (like anesthesia).
Er, do so as a surprise, even.
A rabid demogogue socialist is more like it.
And the difference is...?
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