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Tuesday, September 30, 2008

Now we're for it

An actual Iseq crash yesterday.

A 7% or so collapse in the Dow.

The Nikkei heading south tonight amid Japanese sub-prime problems adding to the international concerns from the USA.

And the likelihood of the FTSE going lower still tomorrow on the back of more concerns about British banks.

And no chance of legislation in America till Thursday because the Jews are celebrating their new year.

And all this on top of the disastrous market year globally already.

Now we're really for it.

Wave goodbye to your pension plans, your stock portfolios, and start worrying about the safety of wherever your savings are.

Buckle up. It's going to be a very bumpy ride.

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