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Dow closed today down at 268.37 and currently Asia is down 270 and unless something drastically changes I think we can expect the same and possibly worse come tommorrow. Reports are saying the reason behind the drop is due to higher then expected jobless claims, ever soaring debt etc. I think the market has falsely been propped up and is no longer able to hold up under its own weight I guess time will tell if this is true or not. They say the recession is on the way out and good times are around the corner which seems impossible to me in a jobless recovery. Even Gold fell more than 4% today as the fear of rising debt in Europe prompted investors to shore up the US dollar and dump shadier assets..I smell bs and it stinks.
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