muses of the moment

November 27, 2009

Holiday crash

There are very dangerous things happening in the financial world right now. Monday morning will be interesting.

Wednesday evening: Dubai (the country) wants 6 mos to pay their next debt payment and makes the suggestion they might default. This could be a way to get better terms, because of the timing of this announcement. Don’t know, but same effect on the market right now.

Panic on the Thanksgiving holiday in any market that is open around the world.

Greek stock market plunges 7%

London FSTE suspends trades for 3 hours.

Dollar is up, dollar is down.

Gold moves in both directions.

Today, NYSE issues rule 48 (the don’t panic rule). More here. As the US stock futures are in free fall on the holiday weekend.

I will watch this over the weekend….Monday is going to be VERY INTERESTING.

We are in the K-wave winter cycle trying to be controled by governments, debt implosion is and will be a roller coaster ride.

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