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04:41 PM
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Predicting 7% drop in U.S. Stock Market TODAY
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[quote:nikki nikita:MV8zMjExMzUyXzU3Mzc0MjkwXzlENjRDOUE3] [quote:Anonymous Coward 72440514:MV8zMjExMzUyXzU3Mzc0MjU2X0Q4QjIyMzlF] [quote:Anonymous Coward 72429241:MV8zMjExMzUyXzU3Mzc0MTEzX0NFRjJBQzRD] I've seen no Doom yet...the dollar will just gain in strength that's all. The Rothschild Gold Banker's rule another day, that's all that's happening now. [/quote] Maybe, but the uncertainty right this second is very real. Soros is shorting the US markets and has been for some time. You think he's stupid when it comes to finance? Nobody knows what's going to happen. Gold up $70/oz, DJIA down 400pts. It's starting to get slightly doomy [/quote] what are the choices? 1. Islam pulls off another 911 while we are in chaos? 2. massive tsunami, we all die? 3. stock market crashes, hungry zombies appear? 4. life goes on, people get meaner? 5. party time? [/quote]
Original Message
Based on the performance of the European stocks I hold, I'm expecting that the U.S. Stock Market will lose 7% of value today just in one day alone.
The classic definition of a "stock market crash" is when the market loses 10% or more of value in a one or two day trading period. If today is as bad as it seems it will be and it continues to slump on Monday, we could meet those criteria.
I'm not panicked- I'm fairly young and have the most important resource for riding something like this out: time. It will recover value, it's just a matter of when and how long.
For those of you with large 401k plans that are retiring in the next 5 years, well I hope you like eating beans-n-weenies from a can.
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