Skip to comments.Contagion Fears Cripple Wall Street
Posted on 04/27/2010 5:10:00 PM PDT by USALiberty
Fears that Greeces debt debacle will contaminate other euro-zone nations came crashing down on Wall Street on Tuesday, shoving the Dow back below the pivotal 11000 level and fueling its first 200-point plunge since early February.
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Regulation CAUSED the financial crisis. And now the DemoTRAITORS are pushing for MORE Marxism. It's pretty clear that a few RINO fellow travelers will go along.
I expect the market to go down 3,000 points this week. The Dow might keep falling after that until it nears zero. Confiscation and communist tyranny is bad for business!
3000? well... that’s a BOLD call...
Maybe, you should buy SDS.
Portugal isn’t at junk status.
It is at AA- status.They got problems but nothing on the scale of Greece.They just don’t have the level of black market or entitlement going on out there.
Not to mention they’re connected to Brazil,India and a few African countries just to name a few.
Technically it would take a country the size of Spain or Italy going bankrupt to really harm the Euro project.Greece is basically in economic terms the equivalent of Georgia.
Which is why we should be doing something about cleaning up California or New York.I am sure Kristie will need to go somewhere after New Jersey.
What is SDS?
It’s a Double-Short... ETF (Exchange Trade Fund) It moves UP twice as fast as the Dow goes down. ... and, vice-versa.
ProShares UltraShort S&P500 ETF (NYSE ARCA : SDS)
For the short term, too many bulls at this time. That is the major problem.
Even better! :-)
Its FAS/FAZ but watch your rear end. Extremely volatile and the supercomputers are probably faster than you. Still its exciting trading ... assuming you don’t have a heart condition ... ;-)