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Holy SH*T US financial markets may be shut down on Monday DOOOOOM
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[quote:FatalWishes:MV8xMDkwODgxXzE3NDAyMDAwX0QxRkUxQTQ1] [quote:whats the outlook. 992879] BOTTOM LINE? OP..whats the point loss mon close? nasdaq..dow an s@p? [/quote] I don't know. Nobody knows and anybody that tells you they know is an idiot or a fool...or both. Or lucky. 1 piece of news can turn and burn this or any market. I deal in trends and the trend is down. We've gone down almost 1300 points in less than two months. Asia went down, the Euro went down, the Dow, Nas and S&P will go down. Will they stay down until the close? I don't know. Nobody does. I would guess they all close at least 1% down and would buy EPV at the open and set my stop loss at 7%. If I didn't think it would drop and stay down all day I wouldn't do that. I still say this market will crash. Could be tomorrow, could be in July, or August. It will happen and it will happen soon. There is no way to call day to day. There were days I would have SWORN we were heading for a 2% loss yet we went green and up 2% Something could change overnight or tomorrow overseas or here locally and turn this market green tomorrow. That is why I set a stop loss. [/quote]
Original Message
It is my collective read that US financial markets may finally be shut down on Monday June 7, 2010, if Fed Desks don't intervene on Sunday night.
We have never been this close to the inevitable outcome.
Every single day, it is becoming more visible to the masses that a large portion of the western civilization is bankrupt with no savings, no production, no growth, no future prospects.
Today Hungary joined the club. Eventually they will take their creditors with them into abyss. Most of the Arab and Iran central banks are now switching from Euro to USD and Gold.
Like Sol said, "Bear Market Rules Apply" but this bear is something you have never seen in your life. Save your wealth, children, family and future. 2008 was just a warm up.
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