Thursday, June 9, 2011

10 signs that Wall St. is about to go into Panic Mode

"I think right now we’re on the tipping point of a market correction. 
Data from the U.S., from Europe, from Japan, from China 
are suggesting an economic slowdown."

2) Bad economic news is creating a "negative feedback loop" creating more bad news

3) OPEC announced oil production levels will not be raised

4) Quantitative Easing round 3 (QE3) will be a tough move to initiate considering societal awareness

5) Moody's announced it will downgrade the debt ratings of Bank of America, Citigroup, & Wells Fargo

6) the U.S. dollar continues to decline: 
Standard & Poor's changed it's U.S. outlook from "stable" to "negative" & will soon lose its AAA rating.

8) Bad economic news is pouring in (refer to point #2)

9) Analysts within the financial industry are warning of an inevitable financial collapse

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