Slide Begins As 4cast?

As I forecasted last Saturday [see Week of Nov 17] the slide down 2,000 DOW points has begun:
2008-11-19-dow-closes-below-8000

The DOW was at 8,497 Saturday when I predicted it’d be down 2,000 by Christmas. Sure, no back-patting to be done yet, but it is 1/4 the way there in less than a week. I hope you got out!

*** Update: Nov. 20, 2008.
Down another 5.5% today, 445 pts.
2008-11-20-dow-down-5pct
Looks like we’re almost half way there to our drop of 2,000 B4 Christmas.
Have you gotten out? Have you moved life insurance policy “investments” to a safe haven? Have you cashed in your 401K/IRA
before it’s taken? If not, have you at least changed your allocations to something safer than the markets? Got gold or silver?

◊◊◊◊ Now: Gold @ $736.70, Silver @ $9.28, USDX @ 87.75 ◊◊◊◊
◊◊◊◊ Now: DJIA 7,997.28

Confirmed: Worse Than 1929

Worse than 1929 and a graph to prove it…
1st-year-of-market-correction

Humor: Citigroup Lays Off 52,000

(Yes, twisted humor, I know. Sorry if you’ve been hit by the mass layoffs, I mean no offense.)fall-colors