Drudge Retort: Red Meat for Yellow Dogs
Monday, October 06, 2008

"Douglas Jimerson, who is known for his prescient forecast five years ago of a bubble in U.S. real estate and later in commodities, and for previously advising his constituents to avoid stocks prior to the stock market crash of October 1987 and the crash of September 2001, is forecasting a probable stock market crash before October 15, 2008."

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califchris

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I put this up for anyone who just wants to talk about stocks, how low they think the DOW might go, is this a good time to buy or stay out of the market altogether? Will everyone's 401k's head south? Whatever economic stuff you want to talk about.

And in case anyone was interested, for some reason there is a rumor going around on the conspiracy links about the "STOCK MARKET CRASH OF OCTOBER 7, 2008" where it's been predicted even with the bailout bill passed things in the stock market are going to get much worse. Maybe it's best to get as far away from stocks as possible?

I've even read the market might hit 8000.

I suppose if one has cash it may be a good time to buy valued stocks which are now much lower than ever but then who knows. Who would ever have though Fannie Mae, AIG, Lehman Bros., and other formerly invincible financial institutions would have gone under like they did.

I listened this morning to a talk radio show about financial planning which comes on once a week and the host -- a professional financial planner -- normally advises his listeners and callers on how to best to invest. But this morning when a caller asked him where the financial planner now had his own money invested his answer was rather nervewracking. He told the caller: "I have everything in cash." When financial investment advisors no longer have their money in investments but strictly in cash, maybe that's telling us all something.

Anyway, let's just talk about how we can all survive this economic mess. We don't need to hash out politics as we all know BOTH parties helped bring us to this brink. Let's make this thread more along the lines of "financial survival tips."

We, kimosabe? Me no thinky not.

Obviously, the experts have no clue.
They've been calling a bottom for the last 5 months.

They're about a year early.

I'm feeling my demented streak, wishing for a closing Dow of -4.

A wipeout might do some good for once.

0 is a nice round number.

some people here are really jealous aren't they??

Dow down more than 200 points, Nasdaq and S&P down 2.3%, in reaction to global slowdown

money.cnn.com

10,002

Below 10,000 now ...

biz.yahoo.com

MISSION ACCOMPLISHED

Awwwwwwwwwwww poor Bushites voted for & Supported a LOSER. That must suck You guys. How could You be so duped into voting for Dubya the Loser huh??

Larry

What, me worry?

gobnf.org

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