Sunday, February 22, 2009
Dow is at its lowest since 1997, this is long expected start worrying at Dow 7000!
Stocks extend slide!
When I finished working on this yesterday Dow was at its lowest in 6 years then during the night I hears it was now at its lowest point since 1997 and waking up I heard the 14th Bank this year just closed. I said this is long expected post Bush, at Dow 7,000 start worrying! Well it is coming quick, be prepared! Stocks extend slide
You know! I have been long concerned about the economy but I could never get anyone to take my warnings seriously. When Bush was first elected we were at Dow 10587! The Dow went down to the low 7000s. I was comfortable with that as except for the 9/11 crisis there were no serious problems with our economy. That was until Bush started gaming the economy and via Allen Greenspan lying and inflating the Dow and our economy!
When we went back up to Dow 9000 I started getting peeved and very concerned. it made no rhyme or reason and the economy and Dow kept going up inexplicably. It made no sense! It just kept climbing nonsensically! When it hit Dow 10000 I was flummoxed and nonplussed. I couldn't believe it and associates were getting angry at my angst. It was all part of the lie we are living today!
It kept skyrocketing! Dow 11000, Dow 12000, and I thought what the hell is wrong here. Greenspan kept saying everything was great and Greenspan kept screwing with the financial market and people who were not qualified and could not pay back a loan were given them. I thought this surely had to be the end. Nope it went to Dow 13000 and I was panicked when it went to Dow 14000. At that point I figured that was it and this house of cards was going to start crashing.
It went all the way to the sickening height of 14164! When it was at Dow 14000 I started to forecast that it would go back to Dow 10000 and then continue down from there. It was obvious Bush would continue lying and bailing out hid mess until he was out of office. The bailouts did nothing as expected but they continue and only get larger. People started ridiculing me saying are you telling me to get out of the stock market? It kept going up and down as it does and as was expected but some of us knew that when the lie we were calling a successful economy came to light we would be in serious trouble and it wouldn't continue down as it should!
I am sick of listening to the so called experts wonder what is going on saying no one expected this. Hell man there are no friggen surprises here. This was designed to come to fruition on the Democrats watch and it is! I keep hearing those on the right say it is Obama's fault. It is because he is the President, a Democrat. It is because he is President but not his doing. It was set to fall on Democrat's watch. He is just the unlucky or lucky President depending on how you look at it.
Yesterday we hit a six year low and I was lucky enough to have some friends over yesterday who were thanking me because they did pull out at Dow 10000! I said congratulations just keep an eye on it because it will continue to get much worse. Obama's Bailouts will put some to work and start rebuilding our failing infrastructure but in the long run it will do nothing but further the bankrupting of America!
Right now I am hearing we are flirting with the lows during the last bear market. At last check the Dow was at 7269 and at the title of this post I said you can start worrying when it his Dow 7000. This is starting to go down so fast it will be here before you know it. Despite President Obama's good intentions and heroic efforts I have for a while that it would progress downward from there. I am sorry to keep saying this is just beginning and once again we are bringing the entire world down with us. After yesterdays conversation involving the Muslim idea that the battle for End of Days would take place in and around the Swat valley and the Pakistan Afghanistan Border I am very concerned.
Remember! The New Deal did work during the Great Depression but it was WW2 that put an end to it! The fact that what is happening today bothers me because it is called the perfect storm. It is but it is the perfect manufactured storm. The economy is going south perfectly. I have been saying for years that the worsening economy is happening so needed soldiers would jump into the military to keep the war machine fed and they are!
It really bothers me that after this obvious set up and complicit behavior from both sides we keep hearing and I just heard that ass Pelosi say again that the American people are feeling a great deal of pain. No kidding, You the Politician's caused our pain. You continue to get on and blame Wall street but this is your fault. You are supposed to be overseeing Wall street! You are supposed to be our watch dogs our champions not Wall street! It is too late to make believe you are concerned now. Both sides of the aisle showed us they were not and even President Obama did not matter only the party's. Obama as you are seeing id on his own! The big thing to be concerned about is this is all just beginning!