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as of now there is no confidence to support an increase, I say it may hover around 10k support level for a while and then depending on news up or down from there. 10k seems to be a strong support level and it's better it stays here because if it breaks loose then I feel the downward spiral may gain momentum.
Another bad day on the markets and I also see the guy who was the manager of the enterprise. See if we can have a detailed discussion on new objectives for income.
Today was absolute ****e for me. My enterprise is no longer gonna incorporate the guy that was my manager. Hes nothing but an opinionated fool. Hes been sacked in more ways then one. I can't say anymore in that the fear that it will incriminate me. You know, the 5th Amendmant.
it's seriously time for many of you to acknowledge us doom and gloomers.
i'm a doom and gloomer, and i predicted NOTHING wrong. remember last mondays crash? yes, i knew that would happen on sunday... during last mondays trading (october 6), i posted this.
that's correct. i predicted the rest of the weeks crash. i said that there would be no upside for the rest of last week, and that the biggest crashes happen in october. and considering last week was the biggest 1 week crash ever in the dow, i'm a doom and gloomer that was dead on.
also, i am not surprised that the dow is up 500 -600 points today. NOTHING goes straight down. rebounds are meant to happen. people like to try and catch bottoms when the illusion of a low price stock index becomes tempting for them to throw money in. and history repeats itself. after the 1987 black monday, a week later, the dow had a 10% rebound day. this precedented history is the reason why i threw in a huge chunk of change into silver when it fell 20% on friday because i knew a rebound was imminent. and it went up 8% today, so i made some money. here's proof that i bought silver with the post i made last night: silver crashed on friday, why?
truth be told, this is a short term suckers rally and reality will correct the near future fundamentals of the true state of our economy. our financial mess is no where near the end and we are clearly in a recession. i still predict that the dow will eventually drop to somewhere around 6,000 by next year and the value of the US dollar will start to drop again when emerging markets kill us after we print a couple trillion more dollars to try and save our failing institutions. keynesian economics in todays america will screw us over in the long run because the government is intervening during a time when we spend money to consume, not to produce.
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