Here we go again, mistake one, a day too early

Before I posted this, I wanted to be sure. Now.I know that I overshot my predictions. The Bernanke rate cuts for the US took time, and the Europeans took their time when it came to coordinating the rate cuts across the Union, but when you are dealing with mass amounts of capital , it should not be too immediate. It would have been like a shock of cold water, in that case, and the markets do not need shocks like that. I will for now, say the following: once again, I will repeat yesterdays prediction. We should reach up to 10,123 (DOW), this should be by close today. The Central bankers are trying to stabilize what has been a roller coaster of an economy. The markets drop, on a whole was a call to now make money less expensive globally. With values being balanced, as far as they can be anyhow, the Central banks decision to step up at this point in the US as well as throughout all of Europe, will cause a rally today, that could even exceed my 10,123 point close for the DOW today. So, I will be posting here and on twitter, and I look forward to an incredibly volatile day, but all in all WE MUST end between 10,063 to 10,123 for Dow CLOSING.


This is not the bottom. This is a helpful set of solutions to resolve a global problem. There is a feeling among investors right now, that perhaps that congress should go ahead and run a check in the billions of dollars and zero out the balance sheet, buy purchasing and owning the broken mortgages. It is extremely possible that they could end up doing this. If this does happen however, it will still depend upon the other global powers to take a stand as well. I applaud Europe in its efforts and I am very thankful that the banks of the European Union had perspective enough to push forward with the rate cut that was the initial catalyst to what we see now happening in the futures. As the US economy starts rising up, we will start to see investor confidence build up again.

Be careful folks, but hey, now grab your surf boards. Catch the wave!