Another Market Rout & Turmoil.

It's another bloodbath after the China's turmoil,this time the continued defaults of subprime loans that would spur debt defaults and weigh on corporate earnings. Is Bond a safe haven now?I think the market is overought,getting another excuse to set another platform to hunt for cheap bargains and getting for the next hike.It's a breather otherwise investors will be tired of the bullish market.It's an opportunity time.

The 30 minutes candlestick chart pattern on intraday price movement as seen here.
Previous close:13,785.07 Open:13,783.12 High:13783.45 Low:13,335.30 Close:13,473.57 Down:311.50(2.26%)

It's the subprime mortgage problem and a more difficult environment for corporate borrowings,a problem long overdue.So you big boys finally decided it's time to have the meltdown in this hot high temperature summer.You have the strong backup of the news from the Commerce Department which issued another disappointing home sales.

Higher corporate borrowings are the main driving force for rapid pace of takeovers which is your main driving force for the Dow to keep on moving higher.Anyway,I have anticipated all this as it's in the itinery of the monthly economic calender. (http://www.bloomberg.com)

A Disastrous Day for the DJIA.It plunges with big swing.



It's the worst for the year 2007.It immediately translate into a contagious global stock market plunge.You finally sneeze...we caught the flu virus!