Asian Markets Tank: Expect U.S. Stocks to Tumble on Black Friday

Well while some of you are out shopping at 5 AM looking for great deals on Black Friday the stock market should be tumbling, yes taking a huge drop. With the new implications linked to Dubai’s debt global investors are scared and the sell-off began in the Asian markets along with the U.S. futures falling over 3% roughly around 300 points. In Japan they experienced the worst single day drop in over 8-months so don’t expect the U.S. markets to be any better as we have yet to here the full extent of the situation. Yes, unfortunately part of the sell-off is directly correlated to the little information we have about the whole situation and due to the religious holiday in the Middle East it will be a couple days before we learn more. Don’t want to worry you to much but expect a downfall and don’t try to sell as there is little you can do now as the futures have already dropped. A drop was expected however as I explained in this weeks article, Time to Take Profits: Too Much Government Involvement Will Ruin the Economy. Unless you sold off earlier this week on’t sweat it take the loss and bounce back next week. Remember there is always a Bull Market somewhere. Enjoy the weekend!