Sunday, November 11, 2007

The Turn - just a midnight fantasy......

Well, we finally have arrived at the "Time" which will go down as "what happened during the first Decade of the 21st Century" - The Beginning -Recognition - the New Moon, November 9, 2007 - A Major Recession in the United States of America.....it is hard to believe what is about to happen - as they say..."In this day and age!"

In the next few weeks the Banking and Finance Sector will be forced to relate that they have revalued their holdings. They will relate that they were too optimistic in their "Mark to Market" appraisals - in the past, banking bad times, they could contain (hide) their losses and let them out ratably over several accounting periods (years) and "none would be the wiser..."

The First Shoe dropped several months ago, the second shoe in the last few weeks - and their pants will drop in the next several weeks. Real Estate Values will plummet - maybe to 40% of last years value - maybe more - actually, Real Estate will hardly be moving. $100 Oil will be at $60 by next spring maybe less. Ford or Chrysler will go out of business - or be purchased at $.10 on the dollar.

On Wednesday, we were somewhere between Denial and Fear. If the Dow Jones Industrial Average moves below 13,000 we will have moved clearly into the Fear Stage - 12,000 will happen much faster than 14,000 to 13,000 - that's what fear does - the lemmings move faster toward the cliff....

Just so hard to believe......

Just a midnight fantasy...everything will be fine in the morning........

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