Tuesday, September 9, 2008
Looks bad, really bad, Hedge fund Osprey failed. liquidation and panic on wall street. Lehmann Brothers going down. Violent volitility. All oil and natural rescources are in free fall. Potash nearly cut in half. RIO, MOS loosing ten percent a day. I try not to panic as I see my life savings, inheritance, 401 vannish in a matter of months. Can anyone say OVERSOLD!!!!! Are we in for another 50% decline in the major averages like it was in 2001 ~2003? Crammer said the liquidation will lasts throgh tueaday maybe even longer. Historically there has been a rebound after the election(except for one time out of like 50 times). This decline is getting me down simply because I am invested in good companies that turn good profit. Turn off the computer and check back next year. You will either break even or be forced to sell your home.
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