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Dow Jones Tanking

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posted on Jan, 8 2008 @ 03:45 PM
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Dow Jones Tanking


money.cnn.com

Stocks sink for fifth of six sessions in 2008 after jump in consumer credit, AT&T warning add to recession fears. Weak housing news and spiking oil and gold prices also factor.
(visit the link for the full news article)




posted on Jan, 8 2008 @ 03:45 PM
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Dow Jones seems to be going down faster than a Japanese Zero on fire in the Pacific during 1942...

Since it broke its support of 12700 I expect to see the low 10K or lower.

money.cnn.com
(visit the link for the full news article)




[edit on 8-1-2008 by pityocamptes]



posted on Jan, 8 2008 @ 04:39 PM
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Originally posted by pityocamptes

Since it broke its support of 12700 I expect to see the low 10K or lower.



you would have been more believeable if your forecast of DOW 10K
was publicized even a week ago....

glad i'm a buy & hold gold investor (with small additional voluntary investments along the longterm)
the whole system of fractional banking
along with creative derivitives & the excessive credit expansion
has caused the Ponzi scheme to implode...almost instantaneously !!


!!!!

i'm pretty satisfied that --- at least myself & the 'family' can escape
the "Grapes Of Wrath" social order that is rapidly gaining on us middle class Americans....
(see the movie -> it's been playing regularly for the last 2 months on late night cable TV)
'Tobacco Road" is another 'futuristic' movie which depicts the social setting of where we are heading.





[edit on 8-1-2008 by St Udio]



posted on Jan, 8 2008 @ 04:44 PM
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A major correction? The federal reserve has plumped the economy, specifically the markets like a pimp with a bag of coke for its whores. The threads of the quilt are coming apart as we speak.
As Andy Capp says 'wait for it'.......

[edit on 8-1-2008 by jpm1602]



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