Sunday, August 10, 2008

Banks in trouble

The drop in oil prices did cause the stock market to rally, but there is a black cloud on the horizon. The war in georgia could threaten vital oil supplies from the caspian sea, and it could spread to other areas. Expect gold prices to rise as people panic.

Much like in the 1930's a financial collapse of banks could trigger a world wide depression that would destroy the DOW and close most buisinesses. Get ready to DOWsize your market portfolio.

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