Can you imagine if the Fed had raised rates last week and the market was selling off like this?
And I think it would have because this market is moving in synchronization with world markets, and most of them are rolling over from the recent asset bubble fueled by easy money for the rich and austerity for nearly everyone else.
And the lack of integrity in the statistics and the investment vehicles, and the trample of the rules and financial responsibility is almost disheartening.
There is a lot of money being made. But not by the 99%.
The price of lack of reform and the moral hazard of allowing criminal behaviour to not only escape punishment and correction, but be richly rewarded with outrageous rewards, is beginning to come back and collect the wages of our apathy in the face of injustice and corruption.
Let's see how the rest of the week goes.
Have a pleasant evening.