Yep, stupid is my name. 1st, big Companies go into trbl. Next Banks go into trbl. Next foreign markets go into trbl. Next housing mortgages go into trbl. Next credit card debt goes into trbl. Guess I am the duh one here!!!
Ahh..old wise fart...market is near 10% correction due to Europe news. Once this overblown fear goes away, market will correct itself up 10%.
Tellme...what does Germany's ban on naked short sales got to do with US market? Absolutely nothing! Market is not trading on fundamentals. Therefore, it's time to nibble the turmoil has no reason to continue.
If you think the world is going to end, maybe you should just go to Las Vegas and gamble it away! But as you know, market will have a dramatic upward correction.
The economy isn't in doubt. It just isn't very good. Very little has changed in the last 18 months. It's all in the way that it's being sold to the masses. The crazy money from housing from '04-'07 was a fantasy. The S&P 1550 and Dow 14,000+ are not the bench marks. The bench marks are today's earnings.