with chinese stock market buckling and the u.s. stock markets in turmoil, it is looking like the beginning of the end, and a bubble is about to pop.  with the sell-off of stocks in the dow and shanghai composite, eknme believes this is a time to worry — not sell your valuable stocks necessarily but hold onto your breath and take a conservative turn. it’s only going to get steadily worse before it gets better.  the dow won’t drop to 9,000 but should level off around the mid-teens (14,000 to 15,000).  the market is indeed correcting itself, but the global economies are also directing said correction.  until the other world economies improve such as greece and more importantly, china,  the u.s. stock market won’t see the light, and the sell-offs will continue.  most importantly, if the china stock market (and economy) buckles completely, it will impact the world economies significantly. we won’t speculate that for now. eknme is reserving that for a later date.

in darker news, j.p. morgan chase falls once again as a banking analyst trio are caught for inside trading.  if 2009 didn’t initially alarm these financial companies before, j.p. morgan chase is retreading old ground.

now onto our morning coffee…