The last half hour of trades *should see a bounce, but I will wait and see. It will be interesting to see what happens overnight tonight on the European and American exchanges. There was mention of the Japanese Yen to USD exchange rate, having to stay above 116.
Where's Michael Pascoe and his relentless calls to 'buy more stocks' (while they're at bargain prices)? :lol:
All this and there is no bad news out, what will happen once bad news starts coming out of the MSM. Things are starting to crack from underneath and the people in the know are starting to slowly more away.
S&P 500 Futures are down -0.96% right now, so it fair to assume the selling is going to extend into the US market tonite. The scary thing about this most recent selloff is that its being led by the financials. Banks in Aust got hit really hard today. It does scream of "impending financial system failure" to me and we know the bankster scum aren't above trying to jump ship before bad news breaks.....so any guesses about what's about to hit the news?
actually there was a lot bad news overnight S&P 500 -2.5%, Dow -1.8%, Nasdaq -2.7% Stoxx 50 -3.3%, FTSE -2.7%, CAC -3.2%, DAX -3.3% Oil also dropped ~4.4% from yesterdays ASX close to todays ASX close.. Deutsche Bank -9.5% & credit-default swaps on the bank's debt (and others) soared.
I wouldn't call that bad news, i would just call that the norm for the past year or two. As for the average Joe and MSM, the global economy is all good and nothing bad will happen.
Other bad news...US FED reserves dropped by $20 billion in one foul swoop. Straight down it went///Why? Where did it go? To a failed bank? or maybe to the Plunge protection team. Regards Errol 43
Someone dumped $1.2 billion on the gold market on Friday.....? ...but yeh, PPT will be needing to spend a bit soon (if they haven't already). Does the PPT need to disclose it's interventions? Seems to me that full transparency should be required there.
