Friday, September 28, 2012

Weekly Wrap

The S&P 500 fell 1.3% this week to close at 1441, it's biggest weekly slump since June. Perhaps my intuitive decision to abandon the stock markets came at the right time. But, only time will really tell.

Although I could be wrong, I can't help but have the gut feeling that the stock markets have reached their limits, and that something wicked this way comes. Everything about this zombie economy is telling me that there's a tightening slipknot around it neck, and the Fed-induced record market heights are screaming psycho-social gains to me.

So, in order to seek some type of validation for my decision, I thought I would ask some former Wall Street insiders, who've recently switched sides to join the Occupy Wall Street movement, about their opinions of current economic and market conditions. Here's what they had to say -


  1. Just for my own records - the S&P 500 lost 2.2 percent this week to close at 1,429 - its biggest drop since June 1.