Wednesday, March 11, 2009

Dow 4,000 by Summer?

Analyst say that we will soon go under 5,000 and hit 4,000 by summer. The market is falling with so much momentum that it can smash any price supports traders put in front of it. And after we have major runs on banks it could collapse completely. If major steps are not take now, we face financial armageddon.

Forget the German weimar republic and wheel barrows full of cash, after a seeming never ending megabailouts of Citi, many firms don't have to submit to this major indignity of declaring chapter 11 bankruptcy. This is because big gov rushes in 18-wheelers full of green cash to help bail out the big banks. Well, eventually, the government will run out of money. Future of government is no gov.

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