July 24 (Bloomberg) -- U.S. stocks tumbled, sending financial shares to their worst drop in eight years, after home sales slid more than forecast and investor Bill Gross predicted the housing slump will cost banks and brokerages $1 trillion.No doubt the feds will try to pass this trillion-dollar loss off on to the taxpayers, while the heads of those bank and brokerage firms slip off into the sunset with their multi-million-dollar golden parachutes.
Stock up on what, you ask?
Rope.
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