Wednesday, February 28, 2007

Watch The Stock Market


It was an interesting roller coaster ride that took off on Tuesday, one that started in China with a nine percent drop, and worked its way around the globe to cause the biggest drop in the US stock market since post-9/11.

A combination of factors came together to nearly cause a global stock disaster. From rumors of twenty percent capital gains tax on investments in China, to a Drudge Report headline blaring that Alan Greenspan warns of likely American recession, to a computer glitch in many stock software programs that trigger an automatic dump of shares when they reach a certain point, the New World Order global economy barely escaped a potential crash by some very fancy wheeling and dealing by a lot of desperate investors.

For those with eyes to see, it should be a clear warning as to just how fragile our economic security is. The spinmeisters are busy allaying any fears arising from this roller coaster ride, but we were all given a good look at just how shaky things can get, and how fast.

And it ain't over yet.

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