Title: Prediction: Stock market to rally at least 500 points on Wednesday Source:
[None] URL Source:[None] Published:Nov 5, 2008 Author:Me Post Date:2008-11-05 00:31:01 by a vast rightwing conspirator Keywords:None Views:1901 Comments:122
Note: I correctly predicted Obama's landslide, many months ago.
Now, I predict that the stock market is poised to take off unless Double-you does something stupid again or shows up on the teevee and says something (by definition stupid).
Are you sure? It's -130 now. Not as bad as -202 a few minutes ago. It's not unusual for the Dow to move inside a 1000+ points range during a trading day.
2 more hours. And, just to keep my lawyer happy, it should be understood that at no point did I advise anyone to buy or sell any Dow-30 stock or any securities tied to the Dow-30 performance.
Almost everyone I talked with today is very worried.
You'd have to be ignorant, stupid, in denial or trusting fed.gov's 'guarantees for welfare' if you weren't taking extreme 'asset protection' and 'continuity of family/self' measures right/by now.
European Factors--Shares set to slip at open; rate cut awaited
Thu Nov 6, 2008 1:19am
Oil extends decline below $65 on economic woes
Market sinks on economic gloom as Cisco warns late
Nikkei down over 7 percent
Trading will never be the same. LONDON, Nov 6 (Reuters) - European shares are set to open lower on Thursday, tracking sharp overnight declines in the U.S. market and a slump in Japanese stocks on Thursday, with concerns about the economy resurfacing after the U.S. election euphoria. Financial bookmakers expected Britain's FTSE 100 .FTSE to open down 115 to 124 points, or as much as 2.7 percent, Germany's DAX .GDAXI to open 158 to 171 points lower, or as much as 3.3 percent, and France's CAC-40 .FCHI to fall 110 to 131 points, or as much as 3.6 percent. Investors will await the interest rate verdicts from the European Central Bank and the Bank of England later in the day. Both central banks are widely expected to cut rates. The FTSEurofirst 300 of leading European shares closed 2.2 percent lower on Wednesday, snapping a six-session winning streak. U.S. stocks plummeted after Barack Obama's historic victory in the presidential election, as a fresh batch of dismal economic data painted a gloomy picture.
This isn't hyperdeflation yet but it might get there. It's what wrecked Argentina's currency when Soros took Argentina over in the late 90's. And who's backing Obama?
This isn't hyperdeflation yet but it might get there. It's what wrecked Argentina's currency when Soros took Argentina over in the late 90's. And who's backing Obama?
I was in Brazil when their currency collapsed.
Most Americans have no idea what is about to happen.