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Sunday: The Tel Aviv Stock Exchange delayed its open by 45 minutes to avoid panic but it did not help. The market plunged by seven percent in response to the downgrade of the debt rating in the United States.
Oil is already down another 3% while Gold is up and touching $1690oz
Stocks, Oil Plunge As Central Banks Battle Gloomy Economic Outlook - WSJ.com (http://online.wsj.com/article/BT-CO-20110804-715601.html - broken link)
If this downgrade was already figured into the markets, someone forgot to tell investors. If we haven't been in a depression, we may be seeing the beginning of it now.
The Tel Aviv Stock Exchange delayed its open by 45 minutes to avoid panic but it did not help. The market plunged by seven percent in response to the downgrade of the debt rating in the United States.
Oil is already down another 3% while Gold is up and touching $1690oz
Stocks, Oil Plunge As Central Banks Battle Gloomy Economic Outlook - WSJ.com (http://online.wsj.com/article/BT-CO-20110804-715601.html - broken link)
If this downgrade was already figured into the markets, someone forgot to tell investors. If we haven't been in a depression, we may be seeing the beginning of it now.
Oil is down... that's sure gonna wiz off The Obama.
Fox just indicated stock futures are down already. Apparently, gas prices have fallen to 85.00. It doesn't look good.
And more bad news from China:
US downgrade 'sounds alarm bell': China media - Yahoo! News (http://news.yahoo.com/china-hits-us-debt-addiction-downgrade-115303087.html - broken link)
TParty riding on the back of the US economy as it goes off the cliff yelling, "YIPPEE"!
Same TParty that brought in that good jobs report, right? Glad you're congratulating them for that too!
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