Comment

Pat Metheny: Garota De Ipanema

379
Gus8/04/2011 8:54:34 am PDT

re: #377 RogueOne

I don’t think it takes a whole lot to figure out why the markets are spooked:

Report: announced job cuts spike 60%
[Link: economy.ocregister.com…]

JPMorgan Cuts Third-Quarter US Growth Forecast
[Link: www.cnbc.com…]

U.S. eats up most of debt limit in one day
$239 billion spike uses up 60% of funding OK’d on Tuesday
[Link: www.washingtontimes.com…]

Toss in Lawhawks points about both europe and the housing market both sucking and it seems fairly obvious to me why there is a sell-off.

Translation: all of the above.

The patient has multiple symptoms and ailments.