World Market bloodbath UPDATE - what's today gonna bring?

Following Iceland...

http://www.upi.com/Business_News/2009/03/02/Unrest_in_Ukrain...

And even "Dr. Doom" is scared?...

http://finance.yahoo.com/tech-ticker/article/197164/Even-Dr....

“Let a man never stir on his road a step without his weapons of war; for unsure is the knowing when need shall arise of a spear on the way without.” - Odin

...the world's markets? Upset the apple cart? Tip the scales?

I think so. I think we are hearing the death knells right now.

I may not know the truth, but I know when I'm being lied to...

Hang Seng is down 461 points right now (12:13AM EST)...NIKKEI down 166.
All the European markets are down.
Mexican stock market was down 367 points.

Another transfusion for the hemorrhage patient, Doctor!

I may not know the truth, but I know when I'm being lied to...

in one or both the stock market or the banks. Something will be happening soon.

Before the market continues its slide into the depths, it's possible that there could be a rather significant bear market rally. Bearish sentiment is at historic highs. So who is left to do the selling?

Also note that the Baltic Dry Index has tripled since its low in December.

I almost closed out my short positions right before the market closed. I decided to sleep on it.

Will we be trading in the 6K range before the end of the week?

I may not know the truth, but I know when I'm being lied to...

...and still maintain relevance?

Another incredible ride on Wall Street. I see predictions of 6000 by week's end. I can not say 'impossible' anymore. Trading under 7500....banks about to snap shut.

It is a bad thing.

I may not know the truth, but I know when I'm being lied to...

...open their mouths to explain this ransom... I mean bailout.... I mean stimulus...the market heads for the floor like it dropped it's keys!

To those who said 'not today' maybe you didn't count on the big 'O' flapping his gums up in Canada. I wonder who'll be on the Amero?

I may not know the truth, but I know when I'm being lied to...

...anymore. Did you notice that? Even on days when you would think the money-grabbers would be out picking up the crumbs of the previous day's retreat there is now a profound hesitation.

Does it make you wonder why?

I may not know the truth, but I know when I'm being lied to...

I know, I do the same knee-jerk reaction when the market doesn't respond the way I think it should...PPT at work.

I wonder however, just how much pull the PPT can muster. And on almost a daily basis. I know we have a corrupt government and they weild a lot of clout. I'm just starting to doubt they have to resources to do what we all claim they do.

The PPT dates back to the Reagan years, if I'm correct. Do we know what sort of leverage they have? Do we know how much money they have to infuse into the market? How do they actually do what they do?

I may not know the truth, but I know when I'm being lied to...

Central America took a hit... parts of Asia (NIKKEI) are slightly higher but I doubt it will remain that way. Europe as well. Central America took the brunt this time, it seems.

I think we're going to test the waters of a brand new low by Friday. Just a feeling; nothing to back it up. The stimulus isn't going to work and I don't believe it is intended to. It will bail out a lot of banks and industries that are in trouble and then serve only to devalue the dollars in your pocket. If you're high enough in the trough, the water is clean... down here where we are...well, that's a little different.

So, what do we do? Protest?? Vote them out? Tax protest? Bank runs? The problem with any of the available options is they are either useless or self-defeating. There will never be a clean sweep of the congress and you know it. If you don't, contact me about several bridges I have...

And those lined up to replace the swine in congress are equally piggish.

They do the things they do because they have absolutely no fear of us. At all.

They need to fear us again. They need to tremble when they pass a bill without even cracking the binding on the 1000+ pages of pork. They need to look over their shoulders when they promise big and deliver small. They should quake at the thought of lying to their constituents for fear of being ridden out of town on a rail. They need to fear the gallows for their treason. They need to fear us.

And, face it, we are no longer fearsome.

We've taken it for so many decades now I can honestly say that I wouldn't fear us either. The list of lies and broken promises extends for miles and years. There's no end to it. They produce more lies than they do worthless money. And still we sit. Still we clap when they speak. Still we show up to their rallies. Still we vote for the lesser of two evils. We consume the bilge that they spew with a glee that should be reserved for fine cuisine. And we do nothing.

When do we say 'no more' and mean it? When do we grab them by the proverbial throat and throttle them till they stop? When do we reassert our power as the citizens of this country; not as spectators at a ball game or an audience watching a show...but of the possessors of the very power that they are abusing?

In "Network", we were would that the first thing you have to do is get mad. And boy, am I mad. Angry people are less tolerant and less forgiving than happy people. From what I see and what I read, I am not the only angry person out there. People across this once-great land are waking up cold and hungry - and mad. They are watching their children suffer. They are watching their elders lose everything they spent a lifetime accumulating. They are losing jobs, homes, families, fortunes big and small - and they're mad. I can feel it. America is an angry nation right now. And who can blame us?

Now we have to channel that anger. I'm not saying get behind a candidate and follow him all the way through to the white house. That's a crock as we learned. Our masters don't want our candidate. They don't want us to be represented. They like things just the way they are. Top heavy and corrupt beyond belief. We will never take that office with the system as it is. We'd be lucky to change a local town council!

We have to confront the perpetrators publicly. We need to draw them out into the open, light of day and embarrass them. They need to feel the sting associated with the evil they do. We can't let them control the circumstances and adjust the spin. We need to catch them flat-footed and completely by surprise. Give them no strength in numbers. Approach them individually. Draw them into angry responses and hateful comments. Let the masses see what they look like with their fangs bared. Go to council meetings. Ask pointed questions. Small town newspapers are more likely to cover confrontation that big, MSM.

Go to state-level functions and ask equally pointed questions...ones you know the answers to... and wait for the stunned silence. Don't be inflammatory or emotional - you'll just get dismissed as a kook; a conspiracy theorist. Pick a topic with no conspiracy behind it. Ask your questions in a dry, matter of fact manner. Act like reporters used to act when they used to investigate a story.

It's a long road back but if we work the way all the other successful hunters work, we will be successful. Separate them from the herd. Start with the weakest ones. Once they are alone and feeling helpless, they will almost do the job for you. Stupidity is their native tongue. They can't help but to say stupid things when trapped.

As Dr. Paul says, there are consequences for our actions. Make sure every one of them is finally held accountable for their actions.

You can start as soon as you're mad enough...

I may not know the truth, but I know when I'm being lied to...