[Money-matters] RED ALERT

Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios bayareaprocess at att.net
Fri Oct 24 13:12:36 UTC 2008


_/*Marc's Notes:

RED MARKET ALERT
*/_Fundamentals continue to deteriorate and the chances for a 1000 point 
drop or more are increasing.
8100 on the Dow is the next support and that will probably get blown 
thru today with 7500 the next minor support.
An historic crash is in the cards. ( no  you aint seen nuthin' yet)
Batten down the hatches, its probably going to get really ugly and today 
is Friday.
Hope you all are hedged with BEARX and out of most mutual funds.
Those holding for the "long term" are about to find out that dont work.

Gold should hold up RELATIVE to the slaughter that is about to happen.
I hope the dollar holds up thru this.

All for now,
Marc


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