Free Republic

The largest one-day stock market fall in all of U.S. history took place Thursday, but it did not come as a surprise to readers of Financial Intelligence Report (FIR). FIR has been warning for months that an “automatic” correction was in the works due to two factors: 1) the high number of stop orders placed on auto-trade with brokers and 2) the automatic expiration of the Bush tax cuts at the end of this year. Back in October 2009, our monthly advisory — published by Newsmax — warned that many investors were nervous about their equity investments and had been...