216.95 drop in the Dow Jones, more to come

Pretty much what I have been telling you, extreme volatility and then we will see the big crash and it will be much bigger.

Telegraph - Global shock as manufacturing contracts in US and China
Manufacturing has begun to contract in the US and China for the first time since the Lehman crisis, raising fears of a synchronized downturn in the world’s two largest economies.

Not a lot of good signs out there. You might think I want to gloat over being right about these things; but, there is nothing to gloat over. What is coming is going to be bad and the solution will change your way of life.

UPDATE: It is just past 9 at night and I was looking at financial news when I noticed that all of the Asian stock exchanges were down. Lets see how Europe does overnight.

Yahoo - CNBC - Companies Spend Cash on Investors, Not Workers. An interesting article, companies are sitting on $1.8 trillion in cash and instead of investing in their companies, they are buying up their own stock. They are not interested in manufacturing or jobs, they are interested in short term gains for stockholders and longterm gains for their management.