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Wednesday, August 03, 2011

Down 130 and mlps down 7. So much for stablization but keep your eyes out for a rally attempt soon.


Max said...

The additional costs to U.S. businesses associated with the 2400 page Dodd-Frank Banking Act (these are the same 2 idiots who caused the collapse of Fannie Mae and Freddie Mac) and the unknown future medical insurance costs to businesses of the 2000 + page Obamacare, have literally crushed any prospects of new jobs and a rebound in the U.S. economy. Consumer confidence is at a 2 year low, and the U.S. stock market has dropped 8% in a week and is now negative for the year. At a minimum we are in a double dip recession or worse. I think it's safe to say that Jimmy Carter has been eclipsed by Barack Obama.

joewxman said...

i share your optimism!