Now it is down over 500 points just yesterday. More names being added to the failure lists. The downtrend is still in place. Unknown factors keep popping up. All consumer prices are out of hand and the top of the cake, the whip cream & cherries is the Presidential election. If you visit any site for discussions regarding the election, such as TOPIX, you will see and read the most postings of angered, twisted, and most hateful statements made by Americans all across the United States. If Obama wins the election, there will be circumstances that will lead to Chaos, violence and unrest all across America. As I said 6 days ago, it is best to be in the sidelines with cash right now and let fruition play itself out. It has to get worse before it gets better.
INDU:
This call was made
on 09/16/08
@ $11416.37012
On 9/10/08 I posted the Dow is going to take a hit. Since then, Dow is down, fannie&fredie needed help, AIG needed help, Leahman needed help and it has to get worse before better. Therefore, I do not understand how some one can post 'YA DAY BY DAY IT IS INCREASING'?
This market will not recover over night,
as if taking a alka seltzer. There will be many more hic-cups and it would be wise to be on the sidelines as I said September 10th until the after shocks are done with. This is why I have posted for two years now that you can not listen to Research firms, their experts, their target prices, or Jimmy Crammer,
or Star mine experts. All of the above were Hot & Heavy with MDRNA INC(MRNA) FORMERLY 'NSTK' WHEN IT WAS $18 DOLLARS.
I happened to be correct for 24 months on this stock, on Predictwallstreet, social picks, the street.com, msn money, seekingalpha and today the stock is at $.44 cents. I am not perfect but investors should not rely on touters & Pumpers trying to influence them because they are more WRONG than RIGHT!
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$11416.37012 (09/16/08)
