Black Fridiay 2008 - I told you it was coming!

I don't mean to be a "i told you so...", but I told you so!

I told back on Oct. 4th and 5th (see Like Japan, Here we go and Beginning of the Crash of 2008) that the markets were going implode due to all the government intervention. Now with this situation of the US markets now in LOCKDOWN, the stage is step for the first 1000pt drop in the DOW!

It's too late, folks, if you haven't moved your monies out of stocks they are going to get hammered today and again on Monday. The stock market and futures markets are already in LOCKDOWN and all that does is cause selling pressure to build up behind it. They are stupid actions because they cause the panic they are trying to prevent. Yes, you are right, its a LOUC of the government intervention.

When the markets reopen at 09:30, expect them to go limit down to the next circuit break with the DOW down over 1000pts which at that time the market halts again, panic spreads and then another wave of selling hits the markets while the bureaucrats try and figure out what to do.

Remember, I told you that McCain ended his run for the Presidency when he voted for this ESA 2008. If he would have been the maverick like he has always said he was, he could have been ridding high on his way to the White House!

WOW! Today is going to be fun. Stand by for blow by blow.

Long live BHO and the SMDC. This guarantees his election and the resulting Depression of 2008 due to his parties heavy handed regulation and controls that they will install.