Wednesday, October 21, 2009

Stock Market Tanking Hard, Watching Closely


Quick post on some exciting action. The stock market is tanking extremely hard in a straight line down right now, characteristic of the collapse we're expecting. The Dow lost almost 150 points in the past 1 1/2 hours with most of those losses coming in the past 20 minutes.

If this holds into the close, it could be very meaningful.

Full update with thorough analysis at the end of the session later this afternoon.

4 comments:

Michael K. said...

Weeeeeeee. LMAO.

Todd S said...

Lol. Couldn't have said it better myself :)

NEO!@# said...

Is this it for the OBAMA PONZI RALLY?
Will 1987 repeat?

thx

neo

Todd S said...

I like the term you coined "Obama Ponzi Scheme". Well put.

We don't have confirmation that the rally is over, but today's big reversal was sign we must pay attention to.

StatCounter