The DJIA closed down 185.23 today.
Well, thank goodness we stopped doing that!! Tell me, what happened in 2008 which ended the era of "living beyond our means"?? [/s]
The Gubamint cheese lines will be hugh.. I predict.. but not as hugh as the lines for iPhones.
Which means that we lived beyond our means times four from 2008 to 2012.
Yet this Squawk Box talking head can't bring himself mention anything past 2007.
I am no financial expert, in fact I don’t know anything about the Stock Market ,and I am not even very bright.
But I knew when Obama was re-elected that the Stock Market was going to turn to crap.
That was an easy one.Obamacare is going to ruion a lot of business’s Many Corporations and small business’s are already laying off and the worst has yet to come.
They wanted 4 more years, they got it.The defecation is about to hit the rotating device.
Bring it. I’m all out. I’m taking physical possession of lead.
DEFUND. Prepare. Persevere.