-The catalyst for this drop is BSC and our financial system.
-If we selloff tomorrow it will show the world that we as Americans do not have faith in our banking system.
-Driving the market down even more.
-I really pray that futures recover and the markets close green.
-If not we can be in for a great depression not a recession. There can be a run on US banks causing turmoil in the financial system. To prevent such a run by international investors on US banks they will have to close the US Stock Exchanges down. Don't think so! 1914 similar situation market were closed for 4 months.
If you say america needs to base herself on lies and fake promises, ok...but I say, let it play out and we rebuild. 24 hours after the markets opened following 9/11, we were back on track. You all want out with your money and you can do that, but you have to ride it out. The more the gov steps in, the more our value slips through its fingers. Take a big hit for a few days and then restart. Sugar coated chit, is still chit and thats what we have now.
Yeah i agree but when the Financial System is hit then there are differnet rules. Because financial institutions are in a credit crisis if there is a run for assets by investors it will drive them deeper into the crisis causing them to liquidate and causing a chain reaction throughout the system. One bank okay, One more maybe, any more than that noone will be willing to bail out the banks until absolute disaster. Therefore if we sell off tomorrow it will show the world that we do not have faith in the financial system as well and cause a chain reaction. All this can happen overnight.