Congress Playing with "FREE FALL OF DOW"

Dow Jones Index.

Congress Playing with "FREE FALL OF DOW"

By Gerald: Internet Anthropologist Think Tank

Nov. 20 08

The big three auto makers, maybe the back bone of the US economy.

GM is at $3 dollars a share....

While congress whines about some of the biggest CEO 

in the world and their staffs using corportate jets

for meetings and prepration for congressional 

testimony on the way to and from DC,

the stock markets sink 400 points.

And congress decides to do nothing while the 

economy slides into the toilet.

Guess congress thinks a drop of 50% from the 

Dows high is something that can wait.

A loss of 50% of the value of American stock markets

just isn't something that will stir congress to action.

They can put it off for another month.

Note the support / reistance levels I've marked

on the chart above....

If the Dow in the next month breaks thru the 

closest support level ...ITS CLOSE TO A FREE 

FALL GUYS.

I posted a sell recomendation at 10,000 +

Internet Anthropologist Think Tank: We said "Cash is King" 9,18,08

And in January 2008 posted a warning of a credit melt down.

"

Paradigm Intel, and inductive reasoning indicates the possibility of a Global monetary cash flow problem. Currently focused on short term liquidity, it has the momentum to spread." see post here:

And congress sets there with their collective 

thumbs in their A**.

An INCOMPETENT Fed and retarded congress.

This depression is goiing to be a real mess.

So I saw and forecast the Credit crunch 11 months ago,

and warned of a stockmarket melt down in Sept.

AND THE FEDERAL RESERVE AND CONGRESS COULDN'T SEE

IT COMMING???

AND STILL ARE NOT ADDRESSING THE UNDERLYING PROBLEMS...

My post here.

Gerald

Series 7 and 13

IATT Corporate Protection, G

.