Monday, October 29, 2007


Are you better off today than yesterday? if valued in Euro's the DOW is still off 30% from previous bubble top, Dow valued in GOLD (AKA real money) had hardly budged from 2002 lows.
Dollar has lost 40% from 2000 highs, this chart shows potential breach of head and shoulders pattern, which could lead to another 40-50% dollar devaluation.
OIL at $93
US $$ at lowest levels ever
Housing CRISIS
FED cures by rate cuts? how so? with dollar at precipice?
Financial powerhouses REELING from subprime crisis, MOST of losses being kept OFF BALANCE SHEETS similar to ENRONOMICS.
I think market could get ugly post FED meeting


Anonymous said...

horray! your back at it! I missed you posting.

Anonymous said...

Down,down,down she goes, gently down the stream, merrily, merrily, merrily, life is but a dream.

Marc R said...

and down some more!!