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:1797 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).
The jobs report comes out tomorrow. The job losses for OCT are supposed to be staggering. I've read 200,000 plus.
I would not be surprised to see that. I regularly check the local Craigslist under the "businesses for sale" section, just to get a feel for what is going on locally. I have never before seen so many "going out of business" "liquidating inventory" "closing up shop" "quitting the business" "take over my business for CHEAP" listings ever before, ever. Most in the retail trade would be at least trying to hang on through the holidays, since traditionally the last two months of the year are the best months for income. I can only imagine what it's going to look like come early 2009. Hooo boy. It's bad folks, it's really really really bad out there.