Wednesday, August 10, 2011

Bad News, Burdened Position

Today, the headlines are not that great for the world or US.

The market has only been open an hour and the DOW is already down 391 points as of 10:30AM EST.

I still find it hard to believe that 30 service members were killed in a single, seemingly lucky shot incident in Afghanistan.

Of course there was the downgrade of American bonds by S&P from AAA to AA+ (which in the grand scheme of things is not a junk bond).

This report from CNBC cites incidents of unrest all around the world.

President Obama's name is mentioned in nearly every article, and I can only imagine how he feels right now. Apparently his approval ratings are falling too. I assume he is in a dark place about it all and therefore needs our prayers.

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