Valerie
Platinum Member
- Sep 17, 2008
- 31,521
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Hi DavidS:
I'm reading a lot of negative reaction on the stock forums about the government's role in telling a CEO to step down. I think this is a good sample of what a lot of people will be seeing on Monday. We could be around 7400 by the time the day ends.
The stock market goes up when too many people believe the Obama LIES and comes back down when reality sets in. Period. We still have too much Outsourcing of JOBS and too many Foreign Nationals (legal and illegal) displacing US workers from JOBS. We still have 10,000 foreclosures (and rising) every single day and another 600,000 people will be unemployed by this time next month.
The U.S. Economy is IMPLODING through a carefully orchestrated PLAN that works like musical chairs where somebody is always left standing. By September or October of this year the stock market will collapse under the weight of a deteriorating consumer base, falling house prices, failed retailers slashing prices to undercut the competition, failing banks with worthless mortgage-backed security portfolios and failing insurance companies holding the bad paper bag on failed insurance polices to boot.
You guys are moving around chairs on the Titanic that has yet to begin the nosedive to the bottom of the ocean . . .
GL,
Terral
That's already happening right now. The market is churning out a bottom as we speak.
The market is always a few quarters ahead of the news and things will turn around before you know it. The talking heads won't tell you until they've bought all theirs.