Zuma Dogg has been warning of economic problems that would be affecting the stock and bond market over the past few months. I posted a subprime bubble burst warning (that would trigger a recession at year's end) in May '07 that came true, right on time. I started a website for all my friends and family to monitor the market and a place to blog my predictions and analysis. StrategyUpdate.com
If you are wondering why the DOW is down 315 points today, although I haven't blogged anything new this week, it's all about what has already been posted that is causing today's sell off. Monday ain't gonna be pretty, either. Neither is this year. (Or next.)
Bond insurer crisis, credit markets (spreads getting wider=bad news), subprime foreclosures, bad job numbers, higher commodity prices, gold/oil at record levels, Fed Chairman Bernanke's doom and gloom comments yesterday, and the muni bond market failing (links to stories on this blog) are all contributing factors, like one big symphony playing a sad, depressing tune.
Gold, wheat, oil, copper, metals, commodities all on a long term upward trend. This isn't your college professor's textbook market anymore. Need to write some new chapters on "global economy and fundamental shifts".
GOTTA FOOD?: Emerging markets like China, India and others gotta eat and they will be consuming more expensive food sources like protein (meat, chicken) as these populations become wealthier, like Americans, now that they have profited off the U.S. long enough, so they are now living the American Dream, causing the market to drop 315 points today (at the time of this post), making it an American Nightmare in the U.S.
StrategyUpdate.com
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