Asian Markets Drop Sharply Early Wednesday... Tomorrow Should Be Interesting LINK

[Blackhatjack]

http://www.marketwatch.com/news/story/asian-markets-drop-sharply/story.aspx?guid=%7BE7EFCB7A%2D43C6%2D42F9%2DB0F1%2D5A0DBA604723%7D

The Dow closed just above 13,000 today on a downturn.

IF US markets open down they will be in 12,000 plus territory(after hitting 14,000 last month).

[thunder rising]

1. Dow Jones 13028.9 down -207.61

This is starting to look like a trend. Will this finally put the supply side "Tinkle down" philosophy on the list of failed economic policies? From what I hear from the Reagon-ites is that Bush didn't do it correctly and they need to set this up again (you know after Democrats get us back on a sound footing).

[shraby]

2. Does "tinkle down" or "trickle down" mean

they are pissing on us?

[thunder rising]

3. "Tinkle down" was from All in the Family (Archie Bunker speak)

Bush is doing nothing new ... it's failed before. The difference is the Bible people have finished all of God's work so they can now donate to PAC's, and the new money rich from the bubble want to protect their new wealth, and of coarse the big daddy Military Industrial Cartel has a 'puppy' in the White House.

[kineneb]

4. get it right: "tinkle on" economy

as in being peed on...

:)

[Blackhatjack]

5. DOW Futures trading 74 down NASDAQ Futures down 11, Pre-opening...Looks Bad.

Looks like the 13,000 barrier will disappear almost as soon as the markets open.

This is all working toward an even more difficult credit situation for the average family.

If you have an ARM mortgage about to reset, it looks like you are going to be stuck unless you have great credit, money in the bank, and verifiable income.

THis is going to pull home values down even more, making home equity disappear which might have been used to pay increases in credit card rates and increased payments on mortgages.

Of course if you have cash in the bank and perfect credit, no problem.

[Blackhatjack]

6. And pay attention to Walmart ... some speculate consumers have run out of money to spend there

THis is a bellweather stock when it comes to how the average consumer is going to be affected.