Thursday, August 18, 2011

Global Market Mayhem

Trouble Before the Bell and After

 DJIA Slams Through 11,000
DOWN 522 and SINKING!


CLOSING BELL:  DJIA ends day 10990.58 -419.63

DJIA Futures down 256 prior to opening bell...

UPDATE:  DJIA drops 319 within first 8 minutes...

REMEMBER:  Marc Faber mentioned S&P500 target at 1,000
http://thenewsunit.blogspot.com/2011/08/dollar-is-doomed-says-marc-faber.html 

GOLD and SILVER rising as investors look for safe haven.... 

Meanwhile President Obama takes a vacation: (see DRUDGEREPORT):

VACATION TIME: JOBLESS CLAIMS UP


President's behavior is pathetic in time of national crisis.  Donald Trump had some things to say recently concerning Obama:
http://thenewsunit.blogspot.com/2011/08/obama-takes-more-paid-vacation-time.html 

The worse is yet to come.  Peter Schiff on what to expect...

  
...developing...