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* .... doesn’t necessarily have to be restricted to the U.S., it is a global phenomenon. Cliff makes mention of the failure of Icelandic currency….
* ..... is a “schism point” at which we leave “normality” and never return.
* We will feel the effects of the October 7th event by as late as Thursday of this week unless it a large singular event that occurs.
* There is an “epic level of events occurring right now” that we have never seen before. In other words, we have never seen change on this level.
While 9/11 was an example of a 'singular event' of huge magnitude, we've been viewing whatever it is that is now getting underway more as a 'crashcade' of events that should last until next March. In other words, something as small the Australian bank interest rate cut last night - a full percentage point and twice expectation - coupled with a remarkable CNBC "Mad Money" show with Jim Cramer where he not only said it's time for the general players to get 'out of the stock market' but even worse, that the markets could lose a further 20% of their values from here.
Curiously, the predictive linguistics have only started to make their turn toward 'release' language, although notice that on Monday the story headlined "Knock Out: CNBC confirms Lehman CEO punched at gym" came out. That's the kind of stuff (at a very low level/small scale) that characterizes an emotional release period ('striking out'). However, linguistically, it builds, so I will just sit here for the next 24-48 and drink coffee and keep an eye on the markets.
If I bring a sword upon a land, and the people of the land take one man from among them and make him their watchman, 3 and he sees the sword coming upon the land and blows on the trumpet and warns the people, 4 then he who hears the sound of the trumpet and does not take warning, and a sword comes and takes him away, his blood will be on his own head. 5 ‘He heard the sound of the trumpet but did not take warning; his blood will be on himself. But had he taken warning, he would have delivered his life. 6 ‘But if the watchman sees the sword coming and does not blow the trumpet and the people are not warned, and a sword comes and takes a person from them, he is taken away in his iniquity; but his blood I will require from the watchman’s hand.’ Ezekiel 33