Thursday, May 6, 2010

What's going on here?

May 6 (Bloomberg) -- U.S. stocks tumbled the most in a year as waves of computerized trading exacerbated a selloff triggered by Europe’s debt crisis, sparking a slide in Asian shares. The rout briefly erased more than $1 trillion in U.S. market value as the Dow Jones Industrial Average fell almost 1,000 points, a 9.2 percent plunge that was its biggest intraday percentage loss since 1987 and largest point drop ever, before paring the drop.
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It was only a few days ago that we announced the turning point to come. I didn't expect that the prophecy would become reality that quickly. From now on there is only way for the stock market: to go down. US financial market operators have played with fire in Greece and now their own house is in flames.

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