As the Gloom Gathers on Wall Street and in Washington, we could soon see the first serious corrections for the markets in some time.
I'm talking about a 100 or 200 point drops in one day. Almost all rational and irrational arguments for stocks have finally been exhausted.
And, a seemingly perfect storm of gloom is on the horizon. The start of the Bush Two term is off to an uninspiring start....and the public is increasingly nervous about WHAT COMES NEXT in Iraq, the middle east and with the economy.
Clearly, the Bush Agenda is to wack the poor and working classes HARD!
AND THAT ALAS, WILL NOT HELP CONSUMER CONFIDENCE......EVEN AS THE G-MAN IS NOW ON A HURRY-UP AUTOPILOT WITH HIS "MEASURED" RATE HIKES--TO DEFEND THE DOLLAR AND DEAL WITH THE "TWIN" DEFICITS.
SO, THE ENDING FOR THIS STORY SEEMS INCREASINGLY OBVIOUS NOW.
ONE BY ONE THE BEAMS AND RAFTERS ARE ROTTING OUT FROM OUR WALL STREET HOUSE OF PAPER.......AND THE ONLY HOPE FOR INVESTORS IS TO BUY "HARD ASSETS" AS CHEAPLY AS POSSIBLE.
......AS THE GLOOM GATHERS EVERYDAY.
This is not a Dow that deserves to be above 10,000. ~~~It's really just that simple.
