Monday, October 6, 2008

Its happening

I hate to say I told you so, but I did. I said that the market would go south on October 6th, and it is dropping like a rock. Where is the bail out? The dow dropped 250 points one minute after opening. Its hovering right around 10,000 at the moment. It will probably end below 10,000.

NEW YORK (CNNMoney.com) -- Stocks plunged at the Monday open after a deepening financial crisis in Europe heightened worries about a global economic slowdown.

The S&P, Dow and Nasdaq were sharply lower, following a broad sell-off around the world.

Now lets remember what I said about Web Bot on what will happen tomorrow.

"Beginning on October 7, 2008 and running through March 2009, they foresee a calamitous period on an epic scale. America will be beset by a variety of problems, which they broke down as 45-48% related to the economy, 40% concerning the military, and the rest associated with natural disasters. Between 2 and 22 million lives could be lost or seriously impacted, they estimated, possibly related to a "global coastal event" in 2009. On Dec. 10-12th, 2008, a large quake could hit the Pacific Northwest, they added. "

By tomorrow it will be come relevant that we are seeing global economic failure. Foreign banks all over are collapsing.

BBC--On Saturday, leaders of Europe's four biggest economies - Germany, France, Britain and Italy - stopped short of a co-ordinated US-style bank bail-out but vowed to stabilise markets.

Once again I hope I am wrong, but it looks like things are going to get worse before it gets better.

1 comment:

Anonymous said...

let's be honest you did not tell us this. You DID NOT predict this. You read it somewhere else and posted it here and are now painting a picture that you boldly predicted it. Come on now Mr Lucky, did you get in trouble before for stealing other peoples stuff?