Tuesday, September 1, 2009
Market Sell off, Fed Audit, Swine Flu
Perfect storm for Market Sell off with a combo of Fed Audit and Swine Flu ?
The sell-off didn't put a dint to the recent fat pigs market run up since March SPX 666 running up to SPX 1040 with spending trillions of US debt. SPX closing at 998 below 1000, and VIX/VXN breakout is a sign of hope for market pull back.
$COMPX 1968.89 -40.17 -2.00% 2,774,367
$INDU 9310.60 -185.68 -1.96% 1,616,177
$INX 998.04 -22.58 -2.21%
The high volume and higher price volatility combined with the rumors of the Fed audit, Swine flu warning, and Camp Fema suggest that we could see the bad scenario of the market sell-off. With the recent market volatility, any scenario is possible with regard to the EW speculations; but, as noted earlier 8.6/9 month down cycle is due after six month running up. We might be setting up for market trading to below SPX 666 if the Fed gets upset with the Audit and let the Swine flu loose; but, the current policies are not cure. Americans will not see cure as the globalists' NWO agenda is still implemented, otherwise, US will not continue excessive imports of goods and exports of jobs. Only way out is Americans need to know what is really going on and take actions.
We would wonder why no one took timely actions against Madoff -- politics, obviously. When the Fed is rattled after 100 years since 1913, we would see something very unusual -- like massive swine flu. http://www.ronpaul.com/2009-08-31/ron-paul-it-is-time-the-federal-reserve-answered-for-its-actions/
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