Stock markets reacted violently, monday as the fate of the Bush Administration's $700 billion plan for financial misfits and con men was thrown into doubt by a 'no' vote in the U.S. Congress.  This defeat left President Bush, The Treasury Secetary and some members of Congress confused and dazed not knowing what to do next or what step to lead off on; its a crazy dance.

After the House rejection of this monster bailout plan, stocks skidded and then skidded again to finally find the DOW at the close of the day slumped 777 points; the largest single-day point loss (not precentage decline)  in the history of Wall Street.  In market value Monday's loss amounted to approximately $1.2 trillion dollars.  Now look at this: the precentage decline was 7%; while the S&P 500 Index's  was it 7th worst day ever on a precentage basis.

The fact that the Paulson Plan was a bad plan to start with; the fact that 2008 is an election year  for congress (five weeks away); the fact that the common man was not even considered in this bailout;  the fact that the healthy banks are continueing to hoard their cash and refusing to make loans;  the fact that the world's markets have been beaten down by the energy crisis  (high priced oil); The fact that there are these and about seven (7) other major veriables affecting this monster and the expected outcome; until the whole world may as well  get ready to take the hit and accept the fact that after whatever resolution; the world's markets are never going to be the same.

Now you could not help but notice that there are a lot of sevens in this equation and you might ask yourself what does that mean.  I will tell you in the days ahead. We do not need to be in a hurry as this thing is riding on an empty tank and it is not going to go anywhere.  But Itell you one thing: GOD IS IN CHARGE.

It is bette rto trust God and not man; anytime, anyway, anywhere and with anything.

God bless,

Elder Walker

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Sarah
http://www.thetreadmillguide.com