The economy news

The news are that bad and sended the Dow Jones 2,22% in the minus:

I suggest to fasten the seatbelts for the coming crash!

There is not a single sign who suggests any improvement soon.The US Bonds are pointing also in direction to disaster and went yesterday benith the 3% mark!
The US House of Representatives decicided by a vaste majority (318 to 97) against a increase of the US national dept limit,also not that convincing eighter.:(
A look back at the Lehman crisis,who sended the DAX for 15 months down south could give us an idea what's likely ahead.
The DAX chart of the "Lehman" stockmarket nosedive:

I'm not consdidering myself as a 'free of wrong predictions stockmarket prophet' but i've been around the block in terms of stockmarket crashes in 19 years and i remember well the weird feeling ahead each time.
This time the clouds are hanging very deep and i suggest to stay in cash if you like your money.