Wednesday, October 22, 2008
Something To Sleep On...
The Stark Choice Now Facing America
We now sit literally days away, with a high probability, of a credit market "dislocation" that will change American finance and decimate the stock market.
That is, worse - far worse - than what has happened thus far.
Try on for size 2-3,000 points down on the Dow from here. 25% more than has been lost thus far, more-or-less "all at once." The probability of this event is now in excess of 70% - within the next few days to two weeks......
Click the link, read the whole piece.