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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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bruiser98

To: TobagoJack who wrote (138942)	2/6/2018 1:03:02 AM
From: louel	1 Recommendation Read Replies (1) of 217615

In 2008 when John McCain made that statement the market was already in full decline. I had sold off my oil holdings in mid June at $82 They had dropped to the low $30 range by the time McCain made the statement. The crash was as close to the end as the beginning . Lehman Brothers were already flogging their asset backed paper. And filed chapter 11 bankruptcy 3 days after McCain was falsely pumping the economy. Lehman was the 12th. 11 other smaller banks had already bit the dust since January. Unlike today unemployment numbers were fast rising, supply / demand in most products were over supplied. Companies were going broke . The market had already been in decline for 9 months. John McCain in my view has always been falsely over rated and no hero. Below is an article on the history of McCain. Read the whole thing it certainly tells a different story than most believe. American political scene will be far better off when he's gone. rollingstone.com

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