Let's Celebrate! It's 400+ Record Drop in the DOW Day Folks!!!
My prediction is we see a 450 DOW drop by closing bell.
Based on my prediction on the Standard and Poor's report on Freddie Mac and Fannie Mae.
(Why is it that I keep wanting to say Daddy Mac and Mac Daddy?)
Anyhow.... Mac Daddy was given a $2 target while it's home boy Daddy Mac got $4 target.
Henry Paulson came out and basically said a whole lot of nothing. I immediately had a gut feeling that there would be even more widespread panic on these 2 Mortgage handlers.
We could be looking at the beginnings of something truly remarkable .... Historical 1 day drop record about to be broken folks... hold on to your seats before that gets sold off too!