How torrie start my research report on the global markets? I pause to think about my last week predictions that nobody going to escape the avalanche coming at them. Welcome to the news the avalanche hit everyone hard with the Dow Jones down 260 points. Bears skepticism fever just wallop the markets with massive selling binge that started late yesterday and here we go skiing slalom downhill with no crash protection. Investors got clobbered by global across the board rate hikes in many different global markets. This is just the tip of this very chilly iceberg that were going through presently. I don't mean to sound like the proverbial pessimist but the ugly numbers on the charts don't lie about the financial meltdown just started. You got jangled nerves starting with the Fed Central Bank shaking up the rate hike from different parts of it causing investors and business people to go OH NO!! Were Screwed!! Rate hike 5.0 points maybe higher based on current Fed Bank lectures to global business and investors listening to it. When you combine the fever pitch speculation in Wall Street this week you see everyone moving capital to a safe zone or just running for the exit door (Sell It All). Events are shaping the markets with China jumped on with new tools to support a very saggy bond market which is heavily laden with toxic bonds. Investors worry that China going to start dumping huge stocks and bonds into the already bear markets causing a global crash. European markets really reached a seller plateau by losing another 2.4% value on the EU market indexes. So,here we are skiing slalom downhill with no end in sight,we haven't seriously seen the worst yet unfortunately on this bear market seller parade. I predict we are going to see 600 points market plunge by the end of this week or early next week as we get closer to the Fed Bank rate hike announced. Put on your rain gear and be prepared to get very wet as this selling binge isn't going away yet.
Have a Blessed Day,
HM John Norton
The Hon. UN Secretary General (elected)
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