Thursday, May 6, 2010
The Second Wave of the Collapse has Begun!
The stock market crashed 1,000 points before recovering to a loss of 347 points. This is one of the scariest days in market history. What made it so shocking was the 600 point decline in a matter of 20 minutes. This was finished by an instant rally of over 400 points in least than 10 minutes. This has to be some sort of record.
This volatility can not be a good sign!
Greece is toasted. Economist Nouriel Roubini (Dr. Doom) believes that Greece is only the beginning. He believes that the Greece situation is 'Lehman Brothers'-like event will lead us into the second wave of this worldwide economic collapse.
What's happening is that countries are trying to bail other countries out, but no body has any real money.