Reply #167: If anybody is still up, it's almost 12:30am [View All]

Everything in Asia is tanking right now.

Nasdaq futures are waaaay down. Dow is way up.

When I posted my first observation that the Dow was off 320pts, I didn't think it was anything significant. We've seen plenty of that over the last 3 years, and it's not an unusual event. So, I posted a little snark in GD-P for all the cheerleaders and Kool-aid drinkers, titled "Who shit in the punchbowl? Dow down 321 points." Minutes later the shit hit the fan.

Something is up. The Dow finished lower than the -321 when I posted. I think that is the natural drop. I think the coming weeks will get a lot worse. Look for a rise tomorrow on a phoney-assed jobs report. I think after that, fasten your seat belts.

To quote Dickhead Dennis Miller, "That's just my opinion. I could be wrong".