Although, I personally doubted that things were this bad, I have to accept that they really are and my prediction on 02-10-09 has become a reality.
The DOW is getting pounded by the biggest culprit; that is, Citigroup (C) - remember that C was 1.90USD in 1992 and went over 50.00 USD in 2007. Will history repeat itself? Well, my crystal balls says that things are so different now that I would not put any money on past history / performance today. However, we all know that this is a very emotional business and a bounce will be triggered shortly after we retest the November 2008 lows.
Enjoy trading and have a fantastic weekend!
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