Well, Buckle Your Seatbelts, Folks. We are in for a Bumpy Ride. Greece and Europe NOT Playing Nice in the Sandbox. And I'm Telling.

Dow Falls 6th Day in Longest Slump Since August on Greece

By Rita Nazareth - May 9, 2012 9:46 AM ET

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The Dow Jones Industrial Average (INDU) dropped for a sixth straight day, the longest losing streak since August, as Greece’s political impasse intensified concern about a worsening of the European sovereign-debt crisis.

Bank of America Corp. and Citigroup (C) Inc. fell at least 0.8 percent, following a tumble in a measure of European lenders. Newmont Mining Corp. (NEM) and Halliburton Co. (HAL) slid more than 1.2 percent to pace losses in commodity shares. Macy’s Inc. (M) slumped 5.6 percent as the owner of its namesake and Bloomingdale’s department stores repeated its profit forecast for this year.

The Standard & Poor’s 500 Index retreated 0.9 percent to 1,350.99 at 9:45 a.m. New York time. The Dow declined 111.49 points, or 0.9 percent, to 12,820.60. The 30-stock measure was poised to cap the longest slump since Aug. 2, three days before S&P stripped the U.S. of its AAA credit rating.

“Everything is not fine with Europe, it never was and that’s the problem,” said Bruce Bittles, chief investment strategist at Milwaukee-based Robert W. Baird, which oversees $85 billion. “It looks like Greece is going to have to leave the euro zone. It’s going to be sooner rather than later. It will be a critical period. The markets will probably remain on edge over the next several weeks.”

Stocks slumped and Spanish default risk climbed to a record as Alexis Tsipras of Greece’s Syriza party squared off with political leaders before talks on forming a coalition, handing them an ultimatum to renounce support for the European Union-led rescue if they want to enter government. Greece, which has 436 million euros ($566 million) of debt coming due on May (SPX) 15, is struggling to form a government after weekend elections.  (Read more on Bloomberg)

That's right, everything is NOT FRIGGIN fine in Europe, and Greece has NOT heeded my warning to cease and desist this game that we are OVER.  So better start shorting the shit outta things cause it's about to get pretty hairy out there...sell, sell, sell (not buy buy buy) is the word of the day.  OK?  Don't say I didn't warn you.  And you can thank me later.

  How's YOUR portfolio?  Strong...to quite strong.