If you have any money in the stock market at all, re-evaluation may be in order. We’ve suffered our worst day since December in 2008.
Thursday was the most disastrous day anyone chunking money away in the stock market or Wall Street could every hope for. Not just in America – around the world, which has stoked the fear that the US and worldwide we’re headed for another recession. Yeah. Let’s not do that. All gains made in the indexes so far has vanished, you need to hide everything that you own in a bunker and sit on it for 50 years because the only thing left once the cannibals come out of the sewers to take their revenge will be the people who can run fast.
Notable Princeton economist Paul Krugman has stated that we were never headed towards recovery. Which looks like a truth. Japan lost 3.7 percent, Hong Kong lost 4.3 percent – we’re talking the largest losses since the recession began.
Here’s to you, college graduates and investors – you will be bearing the brunt of this. Economists are now forecasting that the debt crisis will hit Spain and Italy as well. Aww, lawd. I may never sleep at night again. Thanks, economy.
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