WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2008-01-09 Time: 00:00:00 Posted By: Jan
[You know, that prediction I posted some months back, was not too far off the mark. It showed that by the end of 2007, the Dow would be 12,500.
Here is an analysis I put up in October 2007: [2 Graphs] How is the Dow Jones Index fall prediction progressing?
The original prediction was posted in August 2007: [Graph] An Interesting Dow Jones Index Fall Prediction
The Graph did not work out exactly the same, but the end result may yet be almost exactly on target. It predicted that by the end of 2007, the Dow would be at: 12,500. As of 8 January 2008, the Dow is actually just over 2,600.
For a prediction, calculated by computer back in July/August, that is a pretty impressive result. I will do a proper comparison of the graphs later. Jan]
NEW YORK (AP) – Wall Street skidded lower in another erratic session Tuesday as investors grappled with the possibility of further trouble for the housing market and mortgage lenders like Countrywide Financial Corp. The Dow Jones industrials fell nearly 180 points.
Investors tried to take the market higher, but succumbed to another stream of bad news.
In the morning, the National Association of Realtors said Tuesday its index tracking pending U.S. home sales fell 2.6 percent in November, a larger decline than the market expected. Jitters about Countrywide and KB Home, which posted a disappointing fourth quarter loss, kept Wall Street on edge throughout the day, and comments by President Bush in reiterating the problems facing the economy likely added to the market’s uneasiness.
Many traders have been betting recently that the lender might need to file for bankruptcy. Countrywide denied that rumor Tuesday, and its stock partially recovered from a plunge. Still, it remained sharply lower on the day; Lehman Brothers said in a note that Countrywide’s earnings power has declined severely, and The New York Times reported the company fabricated documents related to the bankruptcy case of a Pennsylvania homeowner.
“Basically you’ve got the market with one eye on earnings and one eye on the economy,” said Ryan Larson, senior equity trader with Voyageur Asset Management. He said investors are nervous by a continued flow about bad news around companies such as Countrywide.
“The picture doesn’t look good right now and the fear is that what we saw through the economic data points last week will be carried through to corporate earnings,” he said.
In late afternoon trading, the Dow Jones industrial average fell 179.98, or 1.40 percent, to 12,647.51 after ratcheted up and down, as it did in Monday’s session.
Broader stock indicators also fell. The Standard & Poor’s 500 index fell 18.63, or 1.32 percent, to 1,397.55, and the Nasdaq composite index declined 39.01, or 1.56 percent, to 2,460.45.
All three indexes are down substantially so far this year.
Bond prices showed little movement. The yield on the benchmark 10-year Treasury note, which moves opposite its price, stood at 3.84 percent, flat with late Monday.
The dollar fell against most rival currencies, except the yen.
Source: http://www.breitbart.com/article.php?id=D8U1TU5G0&show_article=1