US Stock Futures -305 on open

Wow, within seconds

[link to www.investing.com]

Just going to have a day or two of panic then everything will rally back in the US. The bigger issue are the Asian companies delisting from the NASDAQ or DJIA and reissuing on the Shanghai index for mass profit taking on the IPO over there and riding that bubble. The margin calls are gonna be nuts when that thing comes down.

Greece will be fine as will the Euro, for now. Russia is gonna swoop in and "save" Greece.

Man, I bought the VXX last thursday. So if this negative holds, I'm in the money!!!!

Just going to have a day or two of panic then everything will rally back in the US. The bigger issue are the Asian companies delisting from the NASDAQ or DJIA and reissuing on the Shanghai index for mass profit taking on the IPO over there and riding that bubble. The margin calls are gonna be nuts when that thing comes down.

Greece will be fine as will the Euro, for now. Russia is gonna swoop in and "save" Greece.

President Obama made one of history's greatest stock market calls in March 2009

However, it turns out that President Barack Obama made one of the most perfectly timed market calls in the history of market calls.

Back on March 3, 2009 (via Goldman Sachs), Obama said, "[W]hat you're now seeing is profit and earnings ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it.”

March 3 was six days before the S&P 500 hit an intraday low of 666. This was a time when naysayers were saying Obama's radicalism was killing the stock market.

At around 2,100 today, the S&P 500 is up a whopping 215% in just over six years.

Chart showing where Obama made the call at
[link to www.businessinsider.com]