Yearly LOW taken out as predicted HERE!

OK, well I hate to say it, but I TOLD YOU SO!!!!

The markets around the world tanked again, and the US futures are down less than their previous Lows of the Year! The SP 500 has taken out its previous LOY [837] and isn't looking good for a rebound before the NYMO.

I don't think we will LOCK LIMIT DOWN like we did on Friday, since we would have to fall to around SP 500 [800], but we could very get close to that level.

However, the big thing that is being missed is the price of oil. The dropping price of oil to less than $60.00 / barrel is going to have geopolitical implications. More on that in a subsequent post.

The stock markets continue to plummet including now the once supreme Mid-Eastern and Gulf area stocks markets and banks. There are runs on the Gulf banks when once oil-rich cartels are beginning panic withdrawals.

Country after country is defaulting asking for help from IMF (International Monetary Fund) that has already helped Iceland, and is being asked to help Pakistan, Hungary and Belarus. Once the IMF shuts it doors, the real pain will begin.

Can we say, "Free-fall?"