Dow in a Perfect Storm
By Bernie on 10 Oct 2008
A few minutes after opening the DOW is already down nearly 700 points and falling.
Since half the country still supports Obama they obviously have no clue that our current mess was caused by Liberals and so they are panicking in the market because they don't understand why we have a mortgage crisis or why credit is frozen. The other half of the country knows it is the fault of Liberals like Obama and therefore are selling their assets in anticipation of Obama becoming President.
I warned my readers back in June that since I own a lot of gold I intend to vote for Obama because he will turn this country into a third world banana republic and drive our economy into the ground and boost gold to ridiculously high prices. This is wonderful, he's not even elected yet and the market has already started to tank. Imagine if he actually becomes President!
Despite my pessimism about our economy I have to admit some solid company's stocks are so cheap I cannot help myself and intend to buy into the panic. Expect gyrations of exciting proportions.
Alexis Glick from the Fox Business Network tells Harry Smith today's market is at a level where in history, market corrections have reached their bottom. If you cannot see video click here.
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