The stock market finally found at least a short-term bottom today and the DJIA closed up 989 points or 10.9%.
Chris Carolan's discovery concerning autumn panics climaxing into the 28th day of the 7th lunar month and sharply reversing with the new moon has again been right on the mark.
This time around, however, an entire department of economics was informed about the phenomenon before the crash took place and then informed again before the panic climax on Friday and Monday. Will economic 'science' finally wake up and 'smell the coffee' of their erroneous thinking? Will man finally face his manic-depressive insanity? Will authorities realize that, rather than mammon and faith in an 'invisible hand', agape and faith in God are necessary to achieve social harmony? Is our species rational enough to learn from its repeating mistakes?
Only the fate of the world is at stake.
Tuesday, October 28, 2008
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