Dow Headed to 12,400 Due to Housing Woes: TFN Market Insight

http://www.todaysfinancialnews.com -- Billion-dollar funds and banks are unraveling. Foreclosures are up more than 50% year to date. Homebuilder confidence is low. Housing prices are coming down. Credit is deteriorating.

To read the latest FREE TFN Hot Stock Pick of the Week Research Report, please click here/follow this link: http://www.taipanfinancialnews.com/valuestocksCUT080907.html

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[Steenville]

Dow at 12.400 may sound like a dream to some now, you know.. LOL.

[tHizZiXMajor]

So humorous was the conversation below that I felt compelled to point it out. To some like-minded individual out there: Savinar, my friend. Peter Schiff & Ron Paul of course. (Read: especially)

My friend, the Great Depression of Q4 08 is now immovably underway. The inevitable consequences of unchecked rampant greed are upon us.

To the few who lived responsibly & within their means, this economy will be unfair to you. Less-deserving people will bear unconscionable riches while you suffer.

[thetradingpit]

toyracers, flaviolover -- you were saying? looks like this Ian guy nailed it.

[flaviolover]

12,400! o no it hasn't been this low since....lol

[toyracers]

boy were you wrong, it didnt even cross the 1300 mark