Friday, October 19, 2007

The Coming Market Correction (part 2)

Back in August I had said that there was going to be a huge market correction, that the meltdown was coming.

This week, we've seen continued decline of the dollar compared to the Euro. We've seen oil futures trade at record highs, and as of close today, the dow jones ended up down 2.64%. With other indices down by similar percentages.

Next week will be key, will the freefall continue? It's going to be bad, very, very, bad.

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