Thursday, August 13, 2009

We're Livin' On The Edge!


The Dow finished October 1, 2007 at 14,066. (high)
The Dow finished March 2, 2009 at 6,627. (low)

We are currently at 9376. 9700-10K is in sights....but then, watch out!
Looking over all my data and charts, I say we are standing at the edge of a cliff.

YA...............we're LIVIN' ON THE EDGE!

The alignment says, the fix is in. The market is about to CRASH to 3,000 levels.

Don't be surprised to see an event(s) starting in late August/early September that "gives reason" for why the market tumbled, meanwhile the real reason why it's tumbling is due to the economic policies of these last 2 Presidents. We simply cannot keep spending money we don't have, having our debt monetized, and having countries like China holding US bonds. Eventually, these "chickens come home to roost". And this will lead to other international events that will not be good for us...

Don't be surprised to see bank holidays occurring this fall. And don't be surprised to see "bank runs" when people get scared they are losing everything...

Of course, this is all personal opinion....ya know, I am in no position to offer financial advice nor am I telling you what to do. But just remember March of this year when we were at 6627 I was saying we will see a ramp up to 10K by fall of 2009 before the bottom caved in...and what do ya know, we are almost there. I *pray* the above does not happen, but just in case I have made a few changes of my own.

I have shifted my 401K into treasuries and safe market accounts. Because, as I see it:
It's going to be one HELL of a fall.

When you feel like you're at the end of your rope...tie a knot baby and hold on TIGHT!

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