Volatility precedes Baloney.

I told you weeks ago to watch for market volatility and that is all we have seen since then. Right now while the U.S. and European markets are closed the Nikkei has seen an almost 700 point drop about 5%. I don't know how the night will end for them and I do not plan on staying up to see how it does.

You can go back and read the links I provided while telling you that extreme volatility was coming, they were all dismissed at the time, read the comments to the original articles I linked to (not my posts sillies), starting with the oldest first.

Okay this is an update, I am still watching the Nikkei, it is a train wreck. This has not been a good week for Abenomics in Japan or their stock exchange. If they continue this way then their combined loss for the month will be over 20% and that my friends is considered a true depression. I want to write; but, I cannot help but continue watching the market and I switch between my blog and a market ticker for Asia. LOL. I cannot stop watching it.

Okay, I am not a Sadist; but, yes, I took the day off to watch the market crash of 2008. I knew it was coming so I wanted to watch the spin they put on it. I am not a bad person; but I love knowing the end of the story. I had to stay home and watch, I wanted to see if I got it right and I did that time. I have made some mistakes since then; but, the game is still the same and my mistakes were of timing and approach. The end game has not changed one bit. I am not an insider and probably never be invited in. I consider myself more of an observer. I am not particularly worried about the outcome, that is predetermined.

I have to return to what I was writing and stop watching the Asian markets. First off,

Yahoo - CNBC - 60% Chance of Recession: Pimco

Huffington Post - NSA Spying Controversy Highlights Embrace Of Big Data. An article on how the great the technology is that allows the government to spy on us all.

I personally enjoy articles that are nothing but spin, like this one. Yahoo - Daily Ticker - Here’s the “Enormous Problem” Facing States: Ravitch. I want to dissect this liar for a moment, he is a former official with the state of New York. He begins by explaining that states and local governments are in trouble because of rising costs for retirement and healthcare for employees. That is a complete and utter lie. Municipalities lost money because of the economy, am I the only one that gets that? Less sales tax and less property tax have nothing to do with a municipalities revenue or did I misunderstand him? How can municipalities make the same amount when both sales and property taxes or down? Are we not in a recession because apparently it is why everyone else is making less; but local governments are making less because they pay people to work for them?

His second lie is that somehow the problem of a bad economy at a federal level is "passed down" to states. NO, the fed and state have different roles and different funding sources. States are supposed to be self sufficient and not reliant on the Fed. Listen to the whole thing because I cannot do it again. If the economy took a 5% contraction, shouldn't we all share? He doesn't think so.

TheStreet - Another article to convince you that market is about to dive. The Street - Brace Yourself for Stimulus' End.

I have multiple sources saying that there will be a major anouncement in the next two days that will shake our belief in the system. if you are going to replace the current economic system, doesen't there have to be a complete distrust of the previous one?