Monday, February 23, 2009


7114 is what the DJIA closed at today.

Expect sub 7 tomorrow. Off 50% from it's high of 14,093 on Oct 12, 2007. The real decline started however when a few things happened.

1) TARP - would have been better to let Fannie/Freddie and crooked banks fail
2) Obviousness that Zer0bama would clench the Democratic Nomination.

Since passing Porkulus stocks have declined 800 points (10.25%)

Losing 10% a week would put DJIA at 6372.25 a week from today, 5,719 next week.

Now I don't think it's going to go down that fast, but expect it, and expect it further.

Zer0bama, BAD for the USA.

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