5 more banks failed on Friday bringing the total to 120. The entire story can be read here:
http://www.marketwatch.com/story/another-bank-fails-in-georgia-2009-11-06?siteid=rss&rss=1
We are in the middle of the biggest recession since 1929 and what happens in the future should make 1929 look like a walk in the park. Once the current bear market rally is over in the US, the DOW should have a nice journey downwards. A jouney that will be fast and ferociious.
Saturday, November 7, 2009
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