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Varchild2008 (85.88)

Let's Celebrate! It's 400+ Record Drop in the DOW Day Folks!!!

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July 11, 2008 – Comments (0) | RELATED TICKERS: FNMA , FMCC

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!

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