Dow Closes Down 272.38

U.S. markets shed over 1.5% of their total value on Friday before Labor Day.  As of today, the U.S. market is at its lowest point in about a year and a half (minus the brief crash to 15,666 a week ago).  This coming on the heels of the Japanese Nikkei down over 2% and European markets down over 2% in one day, as well.

Already in the news this week: the major economies of Brazil and Canada have officially entered recession.

The ship is sinking.

MARANATHA!

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