BLACK TUESDAY? LET'S WATCH, LET'S LEARN
Monday, as world markets began to tumble, investors headed for the exits before the blood ran too deep. One trader described it as "carnage".
“September 11 aside, I can’t remember a day like this. It was carnage,” said Jimmy Yates, a dealer at CMC Markets in London. “It’s been a really good four or five years but it looks like the end of the bull run.”
Since Monday was a holiday here in the U.S., our markets were closed and didn't suffer a downturn. But, Tuesday's another day. The world will be watching as Wall Street opens the day for trading--or selling. From what I'm reading, "selling" is going to be the order of the day. It's going to be ugly.
This entire financial mess was created by the sub-prime markets going to hell in a hand basket, a mess wholly created by congress, who oversees the regulatory aspect of these U.S. Markets. The words Malfeasance, Misfeasance, and Non-feasance come to mind--you pick the one that applies. But it really doesn't matter which one applies, because in the end, you get to pay. And pay, you will.
Even without this sub-prime fiasco, our Nation is in big trouble. Never before in our history have we been in such dire straits. Without our financial house in order, and strong, life as we know it is under threat. If you don't understand this, then you're in for a rude awakening, as are your children and grand children.
Now, before I go any further, I have to say one thing: I AM NOT a supporter of Ron Paul. In fact, in many ways I think he's kooky, especially when it comes to foreign policy and the war. However, he's the only candidate who's talking sense when it comes to our Nation's economic woes. Don't you find it disturbing that only one candidate from the republican party is providing "straight talk" about our troubles? Not only do I find it disturbing, I find it frightening.
A supporter of Ron Paul, or his campaign, put this video together for Tuesday morning. Let's see how the day turns out: