CHESSNOID

The stock markets are all still plummeting after they digested the negative news the US government put out with its plans for never ending big bailouts, stimulus packages, and covert bank nationalization.  It’s been awhile since I have seen every world stock market plummet without exception.  The US stock futures are all pointing downwards too. CNN:

At this point, I think the 7,000 DOW psychological barrier will scare off potential buyers in the market. I am sure there are bargain hunters, but after watching the richest man get pummeled in the stock market, international companies shutting down, and the US budget deficits literally balloon into trillions of dollars overnight, I suspect they will remain spectators before they become speculators.  If you are long the market, then you are in for a rough ride this week.  Good luck!

As of right now, the stock futures look to open on a major downside:

	Dow	-170.00	-2.41%	6,882.00
	NASDAQ	-26.75	-2.39%	1,090.25
	S&P	-18.50	-2.52%	715.70

I wonder how the currencies and commodities markets will play out tomorrow with all this chaos and uncertainty.  I think we will start to hear more parallels of the Great Depression with the Bush-Obama Depression tomorrow.