本文发表在 rolia.net 枫下论坛Special Report on Wall St. risks
Goodbye Dow 10,000
June 27, 2008
"U.S. Stocks Tumble, Sending Dow to Worst June Since Depression" -Bloomberg
The Dow is now in a bear market, down 20% since July 2007 in the wake of the worst credit crunch since the Great Depression and two of America's largest corporations have just been given a "sell" rating.
"General Motors, the largest U.S. automaker, was cut to 'sell' at Goldman, Sachs & Co., saying the shares will continue to slide on a worsening sales outlook. GM fell as much as 11 percent," reports Bloomberg.
"Citigroup shares fell 5.5%, their lowest level in nearly a decade after a Goldman Sachs analyst said investors should sell the largest U.S. bank's stock short as losses mount from troubled debt," reports Reuters.
What will happen to your investments if another major U.S. bank (like Citibank) or a major blue chip corporation (like GM) goes bankrupt? Wall Street money will run for the exits!
Stock market investors today are facing a deadly economic cocktail; slowing growth, $130+ oil, rising inflation, record high debt, a credit crunch, a plunging dollar and perhaps a new Mid-East war with Iran.
In July 2007 Mr. Smith warned investors that Dow 14,000 was not a milestone, but rather a mirage concocted of smoke and mirrors. "Be prepared for another 15% correction in stocks taking the Dow below 10,000," warns Craig R. Smith today.
Wall Street money masters may be able to whistle past the graveyard, but Main Street is worried sick about their financial health and retirement prospects. Tangible steps must be taken now to avoid a panic later.更多精彩文章及讨论，请光临枫下论坛 rolia.net
Goodbye Dow 10,000
June 27, 2008
"U.S. Stocks Tumble, Sending Dow to Worst June Since Depression" -Bloomberg
The Dow is now in a bear market, down 20% since July 2007 in the wake of the worst credit crunch since the Great Depression and two of America's largest corporations have just been given a "sell" rating.
"General Motors, the largest U.S. automaker, was cut to 'sell' at Goldman, Sachs & Co., saying the shares will continue to slide on a worsening sales outlook. GM fell as much as 11 percent," reports Bloomberg.
"Citigroup shares fell 5.5%, their lowest level in nearly a decade after a Goldman Sachs analyst said investors should sell the largest U.S. bank's stock short as losses mount from troubled debt," reports Reuters.
What will happen to your investments if another major U.S. bank (like Citibank) or a major blue chip corporation (like GM) goes bankrupt? Wall Street money will run for the exits!
Stock market investors today are facing a deadly economic cocktail; slowing growth, $130+ oil, rising inflation, record high debt, a credit crunch, a plunging dollar and perhaps a new Mid-East war with Iran.
In July 2007 Mr. Smith warned investors that Dow 14,000 was not a milestone, but rather a mirage concocted of smoke and mirrors. "Be prepared for another 15% correction in stocks taking the Dow below 10,000," warns Craig R. Smith today.
Wall Street money masters may be able to whistle past the graveyard, but Main Street is worried sick about their financial health and retirement prospects. Tangible steps must be taken now to avoid a panic later.更多精彩文章及讨论，请光临枫下论坛 rolia.net