[tmp02]

I want to make a prediction:

The market will crash in the next several weeks or months.

Reason: Even though the market as fallen to about 10,000, we are see behavior that historically happens before/during a crash. That behavior is this:
1st day: Dow/S&P/Tran/ down 80
2nd day: Dow/S&P/Tran/ up 75
3rd day: Dow/S&P/Tran/ down 100
4th day: Dow/S&P/Tran/ up 100
5th day: Dow/S&P/Tran/ down 210
6th day: Dow/S&P/Tran/ up 150

What I am saying is the market is very volatile.

Reasons: GM/Ford having very hard time; Google is $220 per share - what is their product?

I could be wrong (or the tumor is talking), but like Greenspan said "we are entering a soft patch".

This volatility usually occur when the "big boys" are trying to get out of their positions (distribution) and lay their shares on the small guy (401Ks).

Just a thought,


tmp02

[all4one]

In addition to the recent market behavior....we have the recent ruling to make it more difficult for consumers to claim bankruptcy. Thankfully I don't see this affecting me...but there are those families who are mortgaged to the hilt, who are not taking into account their variable mortgage rate....plus those with max-out credit cards. If Greenspan keeps up his rumblings, it may just be a matter of weeks until they raise the interest rates...to deal with rising inflation.

With the recent GM/Ford problems that you mentioned, it is just a matter of time until they start to layoff workers. So we could be looking at a summer with oil prices staying at their all-time highs...increased energy costs...passed onto consumers....with maybe an increase in the interest rates....and possibly another hit to the value of 401Ks. tmp02, I think that your thinking is right on target...unfortunately.

[DAVEY CROCKETT]

tmp02 You are still on my prayer list hang in there. I believe in miracles!

We have a friend who's son-in-law works in a chicken plant. The son_in_law is very ill they think from something in the chicken plant.

I couldn't ask a lot of questions it is just not the right time as they have called the family in and don't except the son-in-law to live. They thought he wouldn't make it pass Monday this week.

He is 26 years old with a new baby. It started out as a cold went into pneumonia, now his kidneys, liver and pancreas are all enlarged. They have no idea what he has or how to treat him.

I should know more the first of the week.