"8 really, really scary predictions" for 2009.

On December 11 (the day before Madoff was arrested), Fortune magazine (Fortune 500) printed an article entitled "8 really, really scary predictions" that predicted a Dow Jones Industrial Average (DJIA) of 4000 and food shortages in 2009.

http://money.cnn.com/galleries/2008/fortune/0812/gallery.market_gurus.fortune...



Now that Madoff dug the country deeper into the financial abyss, that prediction seems less far fetched than we wish it was, but since more is being discovered every day about Madoff's scheme, the hole Madoff dug might be discovered to be 100 Billion.

http://forum.prisonplanet.com/index.php?topic=75800.0


http://s.wsj.net/public/resources/documents/st_madoff_victims_20081215.html



Since Monday, I expected the market (DJIA) to drop like a rock because of the Madoff scandal, but it hardly budged. Personally, I think government marketeers/traders are keeping it inflated to prevent the public from preparing for the worst. Of course that sounds like "crackpot paranoia", but I have heard of similar speculation.

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