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Markets and U.S. economy ” still ” look like hell!


Stocks declined broadly in early Tuesday trading as investors feared that the possibility of a U.S. military intervention in Syria could become a reality.

The Dow Jones industrial average lost 86 points, or 0.6 percent, to 14,858 as of 10:15 a.m. EDT, while the Standard & Poor’s 500 fell 13 points, or 0.8 percent, to 1,644. The Nasdaq composite dropped 31 points, or 0.9 percent, to 3,626.

Investors have fretted about the possibility of U.S.-led military action against the regime of President Bashar Assad since U.S. Secretary of State John Kerry said Monday that it was “undeniable” that the Syrian government used chemical weapons.

“The law of unintended consequences and the history of previous military interventions in the region is not a recipe for political and economic stability,” said Neil MacKinnon, global macro strategist at VTB Capital.

http://abcnews.go.com/m/story?id=20068886&ref=https://www.google.com/

Syria debacle getting the blame for global stock slide!

http://www.cnbc.com/id/100990015

Dow Futures Fall As Investors Fear Syria Strike

http://www.fool.co.uk/news/investing/2013/08/27/dow-futures-fall-as-investors-fear-syria-strike.aspx?source=uptyholnk3030001

New poll: Syria intervention even less popular than Congress – The Washington Post

A new Reuters/Ipsos poll has finally found something that Americans like even less than Congress: the possibility of U.S. military intervention in Syria. Only 9 percent of respondents said that the Obama administration should intervene militarily in Syria; aRealClearPolitics poll average finds Congress has a 15 percent approval rating, making the country’s most hated political body almost twice as popular.

http://www.washingtonpost.com/blogs/worldviews/wp/2013/08/26/new-poll-syria-intervention-even-less-popular-than-congress/

Just 9 % say we should act in Syria , I’m surprised its that high!

Dow down triple digits now!

http://www.marketwatch.com/investing/index/DJIA

Yield is down this morning, PM’s are up…flight to safety.

Did see a story where Japan is getting close to having a melt down…the interest payment on their debt has gone up some 14%, and they have A LOT of debt!!!

http://www.zerohedge.com/news/2013-08-27/japans-2014-debt-interest-rise-record-257-same-singapore-gdp

GT500

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