Get Ready for the Crash

Get Ready for the Crash

Shore Bank in Illinois has been the subject of a major scandal since the beginning of May. Today without any fan fare, this bank has been closed down by the FDIC. The cost to the taxpayers is on $367 Million since the FDIC is broke and all of the bank foreclosures are another example of Redistributive Bailout Initiatives (RBIs) by the administration.

There is no need to review the performance of the stock market over the past two weeks. Even George Soros, who is the penultimate villain, has sold off a substantial portion of his equity position since March. What is in store for the stock market? Look no further than proven, historical analytical methods and it appears that we are headed for a crash by the end of October. And where is the Federal Reserve? I wonder if they are on vacation like Congress and our president.

David DeGerolamo

Here is the article for the Soros selloff:

Read Article Here…

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