I’m trying to keep a close eye on the stock market today, as it is a sign of the shit hitting the fan. Yesterday I thought trading stopped because of the automated checks, but what cause the mini-rally was automated buy orders. You can set up an order to automatically buy or sell when a stock hits a certain price.
This, plus the bank seizure notifications should make the weekend interesting. I’m wondering if the traders are waking up to the fact neither the US, Asia, or the Eurozone will be able to pay their debt.
The whole works is smoke and mirrors. Up, down, it doesn’t matter. It’s a Ponzi scheme, and it’s coming down. The .govs are trying every trick in the book to stretch out the inevitable crash, but it’s quickly catching up with them. The Eurozone is providing us with a glimpse of our future. Prep on my friend, it’s coming down…
Some smart money people have always said that money you need in the next 5 years (or maybe longer) should not be in the market at all. I think that advice rings truer today than it has before.