new york shock exchange
new york shock exchange


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HAS THE MARKET CRASHED YET? PDF Print E-mail

The Dow Jones has fallen from its six month high of 12,807 on May 3rd to 10,818 at August 19th, representing a decline of approximately 16%.  Its year-to-date low is 10,718 on August 10th when the government were embroiled in the "debt ceiling" debate.  That YTD low doesn't look out of reach as (i) the debt ceiling debate brought the public consciousness that US expenditures far exceeds it revenue receipts (ii) the economy is still in decline and (iii) uncertainty about the immediate future has caused both investors and business executives to hoarding cash insteading of investing it.  As you know, the Shock Exchange predicted this Great Recession ( http://clicky.me/4WW ) and Market crash ( http://t.co/2Mi07bw ) well in advance of those events occurring.  You are welcome in advance.

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Bull getting mauled by bear in Yellowstone National Park. Sell signal?

 

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