U.S. Stocks Sink Most in Year on New Uncertainty
U.S. Stocks Sink Most in Year on New Uncertainty
Well a big night on the futures and it happened again on a Thursday. The DOW finished up nearly 4% down for the day. We almost kissed the low of the big FLASH CRASH also.
We messaged our FFT SUBSCRIBERS today and given our impressions. I remember in our previous forecasts that we were hinting in 2010 that things are indeed not getting better like they keep preaching on TV. And that we would soon see the effects. The sad reality of this is now hitting the markets.
As U.S. Stocks Sink Most in Year on New Uncertainty we have to remember two things :-
- The BIG European bailouts are not the answer, and will not work.
- There is another major country in EUROPE in worse trouble than GREECE
You will soon see the realization of this in the coming months. I know I could get on my soap box and say, I TOLD YOU SO!. But seriously, what the hell would that be doing. My job is just to wake people up. You know to shake them, and warn them of the things coming. And help them make money in the process.
I have been shorting the EURO the last week or so and making very nice amounts of money, and some of our subscribers have also been doing the same. With options expiration tomorrow this can lift the market a little. But I gotta tell you, that next wee is going to be really interesting. There really is a fundamental shift happening here that I have not seen for a long time.
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