Thursday, October 11, 2018

Crazy sounding, but actual financial news headlines today...


This song came to mind while looking at the financial news today...  It always amazes me that after the stock market goes up for an extended period, otherwise intelligent people seem to stop believing in gravity.

So... I wrote that last post about a bunch of the macro issues in our current economic world, and was thinking about the working class people, like myself, who need to start finding alternative ways to make a living, beyond, or in addition to, the traditional job world.  Things are changing rapidly in our world on many levels, due to technology to a large degree.  When I wrote that post, I was actually thinking that the forces at be would manage to push the stock market up, and prop it up, through the coming election.

What's happening right now, big stock market declines, may be the start of the Next Recession, or, more likely, may be a much needed serious correction.  It's too soon to tell.  Either way, there are some crazy article titles in the financial news today.  Just ominous sounding stuff.  Like these:

The Stock Market's 67,000% Superstar is Now a Huge Falling Knife (Bloomberg)

A $1 Trillion Powder Keg That Threatens the Corporate Bond Market (Bloomberg)

Bezos loses $9.1 Billion as Selloff Hits World's Richest (Bloomberg)

Larry Kudlow says, "We're the hottest economy in the world, we are crushing it." (CNBC)
(Kudlow's biting Gary Vaynerchuk's lines now???)

Wells Fargo: Market "tailspin" Could Last Another One to Two Weeks (CNBC)

Where to Hide Out if the Market Continues to Tumble (CNBC)

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