By John Galt August 20, 2011 – 08:30 ET And the selling continues with the Saudi markets failing to hold the psychological level of 6000 and down 164.47 points as of this posting. The selling worldwid appears to be snowballing into a potentially ugly event Sunday night and Monday which will end up on America’s doorstep once again. (Chart from btflive.net) Update: Closed on the day -2.58%. Well below the magic 6000 level for investor confidence. Next up is a retest of the 5000 mark.
By John Galt August 20, 2011 – 07:30 ET The headlines this morning and throughout the week are stunning. Just click on any of the headlines to read the story in full. It would appear that the world’s “September Surprise” may well be an entire region engulfed in conflict. Battle rages in cities outside besieged Tripoli Egypt summons Israeli ambassador over killings Israel-Gaza attacks stoke tension with Cairo Arab League to hold meeting on Gaza on Sunday Israel says investigating Egyptian deaths Turkey strikes Kurd…
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