Today in the U. S., the closest thing to a "Doomsday Scenerio", may take place. One word of caution, if you have not sold your stocks, you should just breathe deeply and close your eyes and ears. Overseas, Asia and European markets have fallen to their lowest levels in many, many years. The DOW futures markets are now frozen at 548 points, something called "limit down level" has been triggered. That means that the futures were frozen, so that everyone could take a breath and stop for a moment. A floor has been put under the futures, so that they will not go any further than 848 points down, until the makets open in the U. S. at 9:30 a.m., at this point the futures are indicating an opening on the DOW of some 500 points lower or more. It appears that this started with the Hedge funds, and Lehman Brothers, don't fully understand it so, will not try to give my take on it. Suffice it to stay, that an unraveling is taking place, which is causing forced selling, thereby taking the markets to unprecendented lows, with worries about a global recession being added in. Again, if you have not sold as of today, clench your teeth and don't. Analysts are predicting that the market is trying to reach a bottom, which may take place on Monday or Tuesday, they say, at that time, at these levels, buyers will start to come back, stocks are going to be dirt cheap, and it presents a rich envoirnment to buy, the markets should then start to rise. That is the best case scenerio, so instead of selling, you should then be buying. if you have the nerve. Hold steady! The boat is rocking, but it should not sink. These are the days momma may have talked about.

On the political front, Governor Sarah Palin, is moving off the ranch, it seems she has gotten tired of being bridled, and is giving interviews all over the place. It seems that she sees the hand writing on the wall, and thinks that Senator John McCain is going to lose, therefore, she wants to audition for 2012. It has been reported that she has been playing John McCain against the Republican base.
Senator McCain has decided that he has to dump President Bush if he is to win, he put out a message in a national paper, of all the things
that the President and his administration, have done in the past that took the United States to this place in time. The problem with this is that the Republican base love its leader, which would mean to me that McCain may just have lost a portion of its base, who may just stay home., on election day. Meanwhile Senator Obama's lead in the polls, is expanding not contracting. Senator Obama is telling his supporters, "remember New Hampshire", where he had a strong lead, and lost to Senator Clinton, during the Primary. In order to win, John McCain must win all of the toss-up states that are left, which is shrinking daily.

Senator Obama's grandmother, is reportedly very ill, and he has gone to Hawaii, to visit her. He will be back on the trail, on Saturday of this week, with at least three campaign stops. Governor Rendell of Pennsylvania, has requested that Senator Obama come back to his state. Senator McCain and Governor Palin are going to Pennsylvania
to try to take the state, as they think people in Pennsylvania have not been honest about who they will vote for. They are counting on the "Bradley Effect", to take place on election day.

General Motors and Chrysler are reportedly going to merge in a few
weeks, if a few details can be worked out.

Former Chairman Alan Greenspan, testified on Capitol Hill, about the sub-prime mortgage crisis, which then triggered the financial crisis, through the selling of securities based on mortgages tied to homes. which started to lose their values. He acknowledged some wrong on his part.

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As my sister says, "it always helps to have a plan B".