Global: Ugly Thursday for equities

We continue to have ugly days...I have used that word far too often in the past few weeks. Look at the table below; every stock market in the world was negative or RED. For a change, the doomsayers are being cautious in their prognostications...governments around the world have managed to exceed every expectation for incompetence.

Is this new global sell-off a welcome and warning to the Marxist President-elect of the United States or is it a continuuing resounding send-off to Mr Bush. I am hoping it is the latter...spend-thrifts deserve to get punished. And Mr Bush spent, and spent, and spent without thinking of a rainy day. Lest I forget, the President-Elect Mr Obama has vowed to outdo Mr Bush on the spending front.

Well, if I had any equities I would sell them also...it seems there is a race on to see which country can get to zero first...although smaller countries like Iceland have been given a head start, the big guys are now trying to catch-up by putting on the after-burners.

Get out of the way on the way down...and don't put your buys too close to current levels or you will get singed by the upward pointing after-burners.

Australia........ 4,106..... (181)..... 4.22%

China............. 1,717....... (43)..... 2.44%
India .............9,734...... (385).... 3.81%

UK ................4,272...... (258).... 5.70%

Germany .......4,813....... (353).... 6.84%

France ...........3,387...... (231)..... 6.38%

Brazil........... 35,691... (2,094)..... 5.54%

USA................. 908........ (45)..... 4.72%

One optimistic and hopeful sign....almost everyone is starting to turn negative...the capitulation to exhaustion phase is settling in...perhaps even a sense of despondency...See my post:: A Refresher on Market Cycles....certainly, most articles I am reading could now carry the following caption for equity markets: 'Abandon all hope ye who enter here'. I am beginning to become almost cheerful reading these articles....i will wait for the depression of all writers, talking heads, analysts and....before un-corking the champagne.

Stay tuned all.