RYou

Did anyone watch this hammerhead Friday night? If he's right, this past week on Wall Street is going to look like a hiccup come Monday / Tuesday. I seriously hope he is wrong. If not, have those checks ready to fly on Wednesday, there will be some blue chips selling for pennies. I seriously hope he wrong. There is no question the naked shorts are now driving this downfall.

I wouldn't be surprised to see some foreign investors making moves for hostile takeovers with prices so low adn US dollar so cheap.

This market makes the folks at Anheiser Busch look like geniuses. On the other hand, I wouldn't be surprised to see Inbev walk away from the deal.

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19-0 ? Hell No ! 18 Wins and 1 GIANT Loss !

RYou

IMF chief warns of global financial meltdown
Bush urges patience in crisis fix; rich nations vow to fight credit crunch


That's more than enough for the naked shorts to pull the trigger on the market. BTW....Kramer is predicting a 2400 point drop on the DOW Monday and Tuesday.

First glimpse will be the Asian markets tomorrow, then Europe. You may see the first global freeze on the stockmarkets since they halted trading after 911.

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19-0 ? Hell No ! 18 Wins and 1 GIANT Loss !

Schlottke

With a call like that "2400" he should either expect a pay raise or a loss of a job- depending upon what happens. I personally think 7600 is the bottom.

At 7,600 the market is undervalued by about 4,200 points (or more) - a great time to jump on some strong American brands (yes, there are some) and ride it back into the sunlight.

When we do rebound, look for Google to hit 500 and Apple, Inc. to jump back over 150.

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RYou

10 days or so ago, GOOG was selling for $300 in after market trading. By the time the market opened the next AM, pre-market trading had bid it up to $397 and it opened at $420.

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19-0 ? Hell No ! 18 Wins and 1 GIANT Loss !

Schlottke

Yes. It is really a $600+ share right now, severely undervalued on the global market because it is an American company.

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RYou

15 countries have guarnateed bank dept coming out of the IMF meetings this weekend. Aisian markets except China which is closed are 2-4 %. Dow Futures are up 156, a little over 1%.

Could this be the bottom....or just that ray of sunshine before the Perfect Storm whacks us?

__________________
19-0 ? Hell No ! 18 Wins and 1 GIANT Loss !

RYou

Dow up almost 400 this AM. Financial stocks are going to fly today.

__________________
19-0 ? Hell No ! 18 Wins and 1 GIANT Loss !