8/1 Equity Market Epic Fail in 5, 4, 3, 2…..

By John Galt
August 1, 2011

Uh, so much for the Dow futures being up 180 last night…..

DJIA

Oops. Maybe the S&P 500 is roaring ahead to recoveryland:

S&P 500

Oopsie again. MAYBE the NASDAQ and APPLEMANIA will save the day!

NASDAQ

Hmmmm…them damned TeaPartiers are sabotaging America once again. Maybe the dollar is surging against the Yen because after all, we’re just attempting to emulate them:

USD/JPY

Okay, can’t blame the Tea Party for this…let’s see if it is we can blame the Swiss:

USD/CHF

That pretty much sums it up. In the time it took me to type this entry on my blog the DJIA went from +58 to - 21.27.

Gee, guess that plan must be out in print as a bill now and everyone realized 0.0014% down payments on our national debt isn’t squat.

Welcome to EpicFailureland America.

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