So, Europe is pissed. We in the United States have done a great job of tying the world economy to our own. So, though the world economy is doing well, we are taking them down with us. The problem is that Europe just realized that all the "Commercial Paper" they were holding in the form of mortgages. They just realized that those sneaky Americans have dumped a ton of the sub-prime mortgages on them. As well as all the other mortgages they have are actually only worth 80 Cents on the Dollar.... Because???? Well because most the homes in the U.S. are only worth 80 percent of the appraised values......... OOppppsssss.

This is what I like about the stock market, everyone knows that no ones word is worth shit. They are all a bunch of thieving bastards, and the more they deny it the more likely it is that it's true.

The charm to be an American business man and have Zero Credibility. This is the reason that the financial stocks are selling off, and are currently worth 60% of their value from a month ago. Cause some of them are going down. The big question is if a Bank will go down, and if so, which one.

Well Asia is selling off, and Europe.

The funny thing is that the Dow Jones Industrial index has sold off at 10%, but what you don't realize is that allot of the rest of the market has sold off 20%. The biggest issue is that the Hedge funds, that literally run "The Market" are taking it up the Popper. if the investors bail out of those, we can assure that there will be another 10% down.