Wednesday, August 3, 2011

Stocks take a dive while the rest of the world watches!

The last couple of days have seen our American stock market take a real tumble. Investors everywhere are understandably very nervous about the news coming out of Washington as concerns the budget and state of our economy. Many feel that just because the debt ceiling was raised, that fact has not altered the ongoing train wreck that is an economic reality for many.

Like a house of cards that was poorly constructed, the world hedge funds are listing to port and threaten to collapse in response to the slightest ill wind. That's pretty much as I see it. We’re all watching and waiting for the next blunder to come out of Washington DC. I’m sure it won’t be a very long wait. One point to consider, we have Obama at the controls for yet another year!

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