Where the markets are heading?

So I will help you understand where the markets are going to help you with the situation that may play out over the next few weeks and months.

I predict that the markets will continue to slide into the mid-October and then find a bottom somewhere around the 950-1000 level on the S&P500. This is the level that corresponds to the level it was back in October 2002 when the markets completed its dump from the Internet bubble.

The markets will rally a bit back to 1100 during the end of 2008 and then into 2009, and then dump again, but this time back to the 850-900 levels in October 2009 before finding a bear bottom and ending the 2 year bear market recession.

Now all these levels are going to be lower if the $700 Billion USD bail-out plan doesn't work out and the US taxpayer has to pony up more to keep the Wall Street people in their Long Island homes. ;-)

These are only estimations, but with all the complete lack of understanding by financial types about the Monday morning dump of the markets after the bail-out plan was signed into law.

As I said before, now the US taxpayers have another $700 Billion burden AND your 401K is sinking lower. Wonderful intervention by the US Government caused all this chaos.