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.