Dow plunges 261! Here’s what’s next …

Urgent Edition:
Dow plunges 261! Here’s what’s next …

by Martin D. Weiss, Ph.D.   07-17-10

Yesterday’s 261-point plunge in the Dow was no fluke. The Nasdaq fell even more sharply — down a whopping 70 points. All major market indexes lost over 2.5 percent. Nearly all major sectors got slammed.
Most important, while the recent rally in the market was driven by hyped hopes, the market’s decline is driven by fierce fundamentals — one of the worst drops in consumer sentiment since the 9/11 terrorist attacks … sinking retail sales … a new wave of home foreclosures … bad earnings reports … and the worst federal budget deficit of all time.
Next: Expect the Dow to make a beeline for its July 2 low at 9896; then a rendezvous with its lows of March 2009.
This is why we’ve been issuing warning after warning about the stock market and the economy. And this is why we have done everything in our power to give you the opportunity to turn lemons into lemonade — to harness the massive power of this crisis for equally massive profit potential.

http://www.moneyandmarkets.com/urgent-editiondow-plunges-261-heres-whats-next-39668