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August 08, 2011

Dow Down 634

Bad.

“Once we took out Friday’s lows, it was like a trapdoor opened,” Art Cashin, director of floor operations at UBS Financial Services told CNBC. “This is very heavy volume again and that tells me that we’ve got people liquidating to raise cash.

Incidentally:

Moody's repeated a warning it could downgrade the United States before 2013 if the fiscal or economic outlook weakened significantly.

One funny thing: Remember when all the smart set made fun of Glenn Beck's audience for buying up gold...?

Yeah. They don't talk about that anymore, do they?

Rush: "Barackaclypse Now;" "Debt Man Walking."

Says Obama can be "landslided" in 2012.



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posted by Ace at 04:17 PM

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