Black Monday?

What's funny for the Faux News and CNBC crowd is that they don't even realize that in gold or Euro terms, the US market is already in trouble. You may feel rich (dollar holders) but trust me, you aren't. Ben Bernanke will make sure of that.

Happy 20th anniversary everyone. Right on schedule. I told you I had a funny feeling this week. Ultrashort financial and commodities (DBA) were great today, and REIC stocks like Countrywide and Wash Mutual fell off the cliff. And of course home prices continue to plummet.

Some days, you see why it pays to be a HP'er. We're as ready as you can be.

Stocks Plunge; Dow Down More Than 360

Stocks Plummet Amid Lackluster Profit Reports, Credit Concerns on Black Monday Anniversary

NEW YORK (AP) -- The Dow Jones industrial average dropped more than 360 points Friday -- the anniversary of the Black Monday crash 20 year ago -- as renewed credit concerns, lackluster corporate earnings and rising oil prices spooked investors.

And then Jim Cramer got religion, gave up, and told sheeple to walk away from their homes as housing moves to crisis stage

Home prices crashing

2/28 timebomb about to blow

Housing falling apart nationwide

"Dramatic decline in home values" expected

The end is here. Now panic sets in.

hattip (again!) to housingdoom - great work