Quote:
Originally Posted by ctophil
What I find interesting is that the day after mmerlinn's prediction (October 25), we find a lot of major, major problems in the world markets.
-Phillip
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I have been closely monitoring the markets for the last three trading days. The U.S. markets seem to be 'controlled' to me, like someone is trying to prevent a collapse.
U.S. markets have been dropping in seemingly measured drops while the rest of the markets around the world have been dropping in the double digits. Overnight the Japanese markets hit a 26-year low. And our markets are marginally down??? No way.
After thinking about it, I am beginning to wonder if those billions of bailout dollars given to the banks are being used to prop up our markets. No way of finding out, but could be. The problem is that this is much much bigger than that paltry 700 billion. Sooner or later, the money propping up this market will run out, and we will have AN EVEN WORSE CORRECTION. As to when, that is anyone's guess, but the way the overseas markets are acting, it should be VERY soon.