See? I told you so!! 300 DOW Pt. Plunge!
I said *Soon* DOW will plummet 300 points as the investment community realizes COMMUNISUM in AMERICA isn't a good thing afterall.
Although I deeply regret it, I already dumped (F) Ford for a profit and sent the profit into my Beverage and DDefense stock companys. Now that I see this DOW plunge unfolding and Panic will certainly settle in as the unemployment level will easily surpass 11% never mind the 10% barrier.....
I laugh everytime a news woman or guy gleefully almost jumping out of his seat says, "The market has gone up a lot and we haven't even spent 1/2 the stimulus money yet!"
The market has gone up only out of pure optimism and out of people sick and tired of losing money. There's no actual growth in the earnings reports and the retail sector has shown weakness...Nothing justfying the rally.
The bears were right all along to be bearish... Cause you have to be Bearish until the American people start voting in Conservatism and stop with this liberalistic garbage.
Do you honestly think it really matters ??? I mean the stimulus money? How does that matter?
Everyone pointing out that only 12 times PIE squared has been spent.... Well, I'd like to point out that spending doesn't JIVE with economic growth and if it did then why is Congress trying to modify how and where the money is being spent with their CARS for CLUNKERS program?
President Jimmy Carter II is angering Brittan.... Angering Canada... Angering Israel....And doing quite a horrible job when it comes to "UNITY." And everyone hated BUSH because of "UNITY" issues???? At least we had agreement among our allies!
Not only do our enemies hate us... now even our closest Allies hate us over President Jimmy Carter II's BUY AMERICAN sloganeering and legislating.
My recommendation is for investors to keep buying on big pullback, dips, but only for SAFE investments....which are companys that either have no debt or at least are profitable and actually do show top line growth.... Recession Proof stocks like Beverages, Video Games, and Defense are where my money has been going into lately.