i smell beer, page-18

Possibly 4000 but who's counting.

Many European markets down almost 10%.

A 10% fall would see us pushing 4100, and it is just a bad (hair) day from there to 4000.

Best buying time coming very, very soon - likely this week or early next.

Next two weeks is the big shakeout having reached crisis point in the banking sector.

Many financial institutions will be need to be rescued and some of the others will fold with shock-waves hitting the market as stock assets and commodities are liquidated to maintain solvency.

This will be the worst three weeks since 1929, and we are just 1 day into week two. I just hope the human toll is not too great.

I think the world economies will survive and recover quickly once the next two weeks plays out - as it is only really like a "parasite-ridden" bowel flushing out the parasites with a healthy dose of dysentery - and once the parasites are in check the economies of the world should be even healthier. (NB "the parasites" - as should be obvious - are the companies that have been skimming the cream off for years, and not actually doing anything real to advance humanity - BNB, MCQ, Lehman, Merrill, Goldman, MS, Bear stearns, etc)