October 10th, 7800 DOW Intraday = NOT THE BOTTOM
Folks... If the Stock Market doesn't go into extreme Panic Mode tomorrow or next week or sometime soon.. and Believe me... A drop of nearly 1,000 points is ridiculously small.
The writing on the wall is clear.... Even a bailout of the Auto Industry isn't going to rescue the tens of thousands of jobs in jeopardy at GM, Chrysler, and Ford. We have a Democrat Control of everything and none of those guys have any intelligence at all to them. They basically think like Jim Cramer.... "Throw money at the problem and it will get rid of the Great Depression!! Great Depression off the table!!"
Hip hip horray for bailout money!
Here's what you should come to realize and think clearly about asking yourself...
A) If DOW 7800 is somehow the bottom.... Then shouldn't
1) October be the bottom of the Auto Industry? . . . . Do you think it will be?
2) October be the bottom of the Retail Industry? . . . . . Seriously, did you think it is?
3) October....the bottom of the price of a Barrel of Oil. ..of Comodities in general? really?
If you say, NO to all 3... Then you are correct. There is no way OCTOBER is some kind of bottom to anything here. Virtually all stocks in the stock market are now slowly marching their way back down to their 52-week lows. They will this time surpass those lows and head into a jaw dropping territory never before seen in the entirety of the Stock Market...to include the Great Depression.
We are basically headed into a Mind Blowing, Mass Confusion, level where nothing makes any sense other than the safest of the safe stocks (and those will get hammered).
The *&^% is about to hit the fan and it could be Tomorrow or it Monday of next week.
But, when you read about THOUSANDS of retail store closings, thousands of layoffs, 90+% drops in revenue in several companies reporting Q3 earnings.... Then you are faced with deciding about how low the market can go. And unfortunately, the market is ready to go and touch....
6,000 DOW and beyond. I think 5000 DOW is now in the works and I think we will be stuck in the mud for 12 months between 5,000 DOW and 6,000 DOW.
So ultimately... the Democratic Party... the most worthless, untrustworthy, horrible political party in existence that thinks we can crank out money like nothing to bail out sector after sector of America's economy....
They are going to be faced with the worst economy America has ever known and good luck with that Liberals... You deserve nothing better than to deal with the worst economy America has ever known.
I hope the LIBERALS out there enjoy it.
For us Stock Market Investors.... We will have to bail out now out of anything left in our portfolios that isn't recession proof.
That means that I am liquidating out of AMAT (Applied Materials) if they report a bad earnings report and I'll just keep the cash on the sidelines.
Everyone's portfolios should now be based on a Dividend Strategy along with a Recession Proof strategy. Beverage companies aren't even recession proof but they won't get hit as hard as others will... Healthcare companies....like Biotech...are good possibilities right now.