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Old 10-22-2008, 08:44 PM   #19
Steve_A
Project Avalon Moderator
 
Join Date: Sep 2008
Location: Northeastern Brazil
Posts: 1,259
Default Re: halfpasthuman says crash may have begun!(10/22/08)

Hi ophiuchus,

I can see the DOW getting even lower AFTER the elections!

The present government will stop helping the banks and markets next year. The present government has not yet declared its balance for this year and has to meet foreign debt payments which I doubt it has money for.

Just to give you some idea of how 700b can go, Warchovia reported a loss of 28b just for last quarter! Here in Brasil, the central bank yesterday spent 22b trying to stave off the fall of the Real against the dollar. How much do you think was wiped off the DOW these last couple of days (even though volume today was light)?

The US government is asking for yet another 'stimulus' package this week.

There will be a meeting on the November 15 in the White House of 20 top world leaders to discuss the changes that will need to take place to move the world econnomy forward.

There will be a lot of cuts and bruises along the way. Even some window jumpers.

Of course there will be, there needs to be, a different approach and philosophy as to what is wealth.

Best regards,

Steve


Quote:
Originally Posted by ophiuchus View Post
urbansurvival.com (webbot translator) has just posted a special notice that the predicted dow crash to the 5800 level may have just begun. any comments?
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