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 ( -- 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?