Asian Markets in freefall! US and European Futures falling fast.

Yahoo Finance and CNBC ^ | 07/11/2011 | Me

[Avery Iota Kracker]

That boy is oone indicator, tell you what. Last time we visited the 1250 area on the S&P he was yelling. sell any rally! It goes up to 1350 and he gets all bullish again. What a pin.

[montanajoe]

I figure the market will drop probably 4000 points the week of August 1st after the idiots in Washington fail to raise the debt ceiling and to about 5000 by the end of the year. On the other hand interest rates will probably spike a couple of points so I'll be heading to cash in the next two weeks.

[WKUHilltopper]

“Can I get a case of those cans?”

Can you can melons?

[editor-surveyor]

Correctamundo!

[Razzz42]

Without QE-3 or some kind of pumping there will be no more inflation just deflation. Of course, things can change overnight but the mad rush is a flight to safety in government bonds, the US$ and gold (acting like a currency now).

[PA Engineer]

Loaded with potatoes. - Starches kill. Sugars kill. Low fat diets kill.

Yep. Made a 180 on the preps. Went after fats (coconut oil, olive oil, beef talon and flaxseed). Many of the previous preps will be heading for the food bank and the true believers in the "heart healthy diet" after TSHTF.

William Banting is laughing in his grave.

[familyop]

Aaaa. Most between 1% and 2%. That’s happened quite a few times over the past few years. It will be interesting to see Congress’ reaction to the European bond thing, though.

[ChildOfThe60s]

Gag. Shoot me now; y’all can split the oxygen I won’t be using.

You gotta have some imagination /grin

[varon]

Women and minorities to be affected the most.

But what about the children, our children...................?

[editor-surveyor]

You are correct, that gold is acting as the stabilizing currency at this point, which is the reason for the jittery price swings in the last two weeks.