Monday, September 29, 2008

Bailout Thoughts

My God could we stop CNBC, CNN, FOX and whoever to stop the madness about Bailout. Listen folks I am totally against the bailout for 3 reasons: Tired of the wasting of the tax payers monies on crap that only benefit a few, tired of the need to right now mentality which forces us to make decisions without looking at alternatives and finally this bill won't save the eventual fall of the markets.
The people who controls the power in this country need to be accountable to all of us: from the CEO's, new reports, analysts who have their talk shows who constantly misinform us and finally the politicians who play with our futures with their egos and game play.
We must stand up against the establishment because it is us who will suffer in the end.
We are going to see much much lower prices I still think when all is said and done 6800 on the DOW might be the level I think the market can constructively rebuild itself, till then we are in nose bleed territory.

Weeeeeeeeeee- Was I right or NOT!

Well I said I was looking for a 750-1000 point down day on the DOW soon. Today we got to 777 points down. I being saying for along time we in a world of hurt. Americans problems is they never think anything will go wrong and on this premise there is never enough contingencies set in place when the most optimistic situation melts away in front of their eyes.
Been saying it and I will say it again. Don't buy! DON'T BUY.

Once again another prediction becomes reality


MARKETJEDI

1000 POINT DOWN DAY

Is today we get the big down day- I have been saying I expect a 750-1000 point down day.

Prediction again!!!!!!- SOV

Anyone see my #2 bank on my failure list today??

It is down 62%..

SOV Death!!!!!

Destroyed

Market is being destroyed here

Another Marketjedi Prediction comes true

Well Folks here it is again another prediction turn reality Wachovia is now below $5.
Sorry folks it is not looking good out there at all.
The only place to get real perspective on the market is here, PERIOD!


MARKETJEDI