What you are watching, ladies and gentlemen, in the markets today, is a panic. Everyone is selling everything to everybody. Everything suffers in the beginning, because everyone is running for cover. It's like people scurrying around during an earthquake. Where to go, where to go. Cash is seen as a solid foundation. The problem here is that cash is a security just like Intel or Cisco.
When people start realizing that, they have to run somewhere else. Where else is there to run? Where else is there to run? When paper money dies, what is left alive?
The Dow just might close down 500 points. Maybe not, but it's only a matter of time. Like a bllind man driving on the freeway, sooner or later something bad is going to happen. It might hit us all here at the beginning. just hold tight. Sooner or later people will crowd into the house that is not on fire. Sooner or later they'll stop their scurrying long enough to notice that the Ark is floating and nothing else is. Bull