Our generation will learn what pain is? If the average American adult only knew the truth of the storm brewing it would be much worse right now for the markets. The media and many others have done a great job trying to keep the over all mood from decaying to depths we do not want to see.
The long and protracted pain the markets will see I have spoken of for months now is becoming quite clear, extremely evident and shockingly gaining more negative emotion than I thought I would see at this point in time and that scares me.
I could not help but to think of only one thing this afternoon as I left the park after riding my bicycle and it struck me like a bolt of lighting from nowhere. My intuition cried out and it said, pray. Pray for a miracle because it's going to get bad and the many are not ready for what is going to happen.
I am dead serious and I could care less about those who want to bash me, for it is I who on this blog predicted this decline would happen. It is I that has to read the many ignorant posts written in the past by those who could not begin to spell market speculation as they aid the DOW 10,000 level would not be seen.
I have nothing at all to prove or to sell on this blog. These are my heart felt feelings and they are free. You can dump them for trash or you can remember them as they come true, it matters not to me one bit. What does scare the hell out of me right now and yes that is emotion, raw emotion, raw intuition, and that is the following.
I have stated here for months that our generation would witness soon things in the economy that it has never seen before. Vague as it may seem, those things I have said that would come have already begun to surface. The FED trying to bail out Bear Stearn's is new to this generation and it is grossly out of character and shows 100% desperation.
I spoke with a person today in the banking and finance sector. JP Morgan will most likely buy out Washington Mutual. Their problems are massive I am told.
I have one word of advice tonight for the coming days, months and the next several years.
PRAY.
Love always,
V.
3 comments:
Dow 10,000? R U NUTS?
Its more like DOW 1,000.
Globalization has been going on for 30 years, we have outsourced our entire economy. We have a workforce that is not skilled. In the 30's our factories were brandnew with a skilled workforce. Look at Detroit, this is what happens when a nation loses its manufacturing base, this is what happens when people don't want houses. We gave China the technology for FREE, we allowed it. American workers are compeeting with brutal forced child labor. WTF UP.
Its all been smoke and mirrors. We a fucking DOOMED.
Our Government needs to do something about the price of oil
quick. How can they remedy that
problem? Can they acually set a limit to the price on the street.
I remember they stop the retail price of gasoline in Washington state in the 70's...Does anyone else remember the government stepping in to stop spiking gasoline prices in the 70's ?
how did that work? I was too young.
i know gasoline distribution is going to be disrupted soon. Little distributors will not be able to afford to purchase fuel to sell.
$rich$
what's this fascination about down going to 10,000? WHy not to 8000 or 7000? why not all the prime brokerages go bankrupt including Goldman Sachs?? why not unemployment go to 7% or even 8%?? WHy not millions of people become homeless in this country and the era of even greater depression arrives??
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