The Bubble Burst

Was yesterday's crash on American stock markets a minor correction? It could be the start of the feared bubble bursting. The Fed has few tools left at its disposal to stabilize US stocks. Obama's Treasury Department has no arrows left in its quiver. The one percent lowering of stock values is not the end. I see many US issues giving back fifty percent or more of their presumed value on the near horizon. I see nothing coming from Washington that can prevent that. Hold on tight, the real Obama recession is about to declare itself, and if other blocks fall, like Greece, we may see ourselves in a worldwide economic depression by winter.