the market has been turbulent as of late.  with the u.s. markets free-falling the past few weeks upon news of the chinese manufacturing slowing down tremendously, the chinese currency weakening and shanghai and shenzhen composite down 5%, it was bound to happen at some point.  the explosion in the chinese markets for the past several years was bound for a correction of some sort.  china and hong kong couldn’t keep on riding its massive economic expansion like a bull in a china shop.

the dow has fallen nearly 1,000 points over the past couple of weeks.  it has the potential to fall even more since it is highly dependent on the chinese reaction to its markets — and the european and global markets reaction as well.  the united states no longer exists in a vacuum like world war ii and world war i.  can our correction mechanisms prevent us from free-falling as well?  even more importantly, are our correction mechanisms perhaps outdated?

meanwhile, president obama still hasn’t gotten the u.s. economy going and instead, concentrating on gun control and cuba with his last state of the union address tomorrow.  the united states has been stuck with unemployment rate at 5% for quite some time now, and there has been no hearty corrective measures to address it. construction contracts have come to a close, and there are still more massive layoffs in other industries ahead.

now to our morning coffee…