U.S. Stocks Slump as Oil Surges; Dow Average Enters Bear Market

http://www.bloomberg.com/apps/news?pid=20601087&sid=aF4fDOUXmP2k&refer=home

It is obvious why it has gone to a bear market.... ECB rates looks likely to go up, and that will let all hell break loose on USA, US Fed, USD, Stock Markets, commodities... Everything. Just like i am saying in my previous post. I cant highlight this more.

Today is ECB rates day, and expect selling to be controlled as it is only a half day. Expect Fed to talk a lot over the weekend, and expect lots of hot air, Talk and no action stuff. Damage control stuff.

In the end, it is still actions that count. However, if Fed strongly go against ECB's vision, then expect the worst.

Hee Teck