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Stock Markets Plunge

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posted on Jul, 26 2007 @ 02:03 PM
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finance.yahoo.com...

down 400 plus as of 255 pm today (will fluctuate wildly rest of day)

European markets are getting hit hard today as a bit of unwinding of something called the "yen carry trade" occurs.

i speak about this in a thread in the (nwo) forum and have for the past 2 months

OIL stocks should do well over the next year as the dollar purchasing power goes down and commodities priced in dollar's (OIL) will be going up. Other than that if the central banks step in and support a dollar that is losing support among it's foreign financier's a world economic recession will be held off, if not this will be more than a u.s problem.

either way the housing "problem" is hurting consumer spending and although people think it is contained they are wish casting to try and influence consumer confidence.

watch the markets over the next week and see if this is a isolated event or a trend, and remember when other market's(foreign) are going up 25% a year, the one going up 6% is not really increasing in value.it is simply getting repriced according to inflation

P.S on Friday the United states will report it's 2'nd quarter GDP earnings, first quarter was .7 % and the forecast out of Chicago is for a 2.7% GDP , *if this number comes in less than 2.5% THE MARKETS WILL DROP on friday(possibly BIG TIME*, before stabalizing somewhere around 12,000

[edit on 26-7-2007 by cpdaman]

[edit on 26-7-2007 by cpdaman]




posted on Jul, 26 2007 @ 02:14 PM
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Amen to you.

This has been the train we've been seeing hurdling down the broken tracks for quite some time now. It's going to get bad, and today just signaled the start of that race.



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