Electronics superstar Samsung warns: Q3 earnings collapse by 60%.

As I already knew would happen, the warnings are now starting to roll in about Q3.  This time, it is a whale named Samsung which finds its business (and likely soon its shares as well) is in freefall.  While this collapse is supposedly baked into Samsung's share price, I suspect that in another quarter they will be laying people off left and right like all techs did during the collapse of 2008.  If this doesn't begin to put fear into US investors then I don't know what will.  The consumer is clamming up and the middle class is all but wiped out.  It is structurally broken and there is nothing anyone can do about it except cry.  Even shorting the market will prove dangerous at some point because short ETFs can go bankrupt too even if they are skyrocketing on paper.  Again, we are not there yet but these things can creep up on you with exponential speed so it is definitely a good idea to keep a finger on the pulse of that play.


All the multinationals are going to warn and then warn again. We ain't seen bad yet but when that 500 point down day on the Dow happens then people are finally going to wake up to what a debt Ponzified scam the stock market has devolved into.