Stock Market Update
Week ending Friday, March 28, 2008
CURRENT OUTLOOK: Market In Correction

*Consumer confidence hits 16-year low, existing-home sales unexpectedly rose in February for the first time in seven months, and initial jobless claims dipped.

* The Dow lost 1.2% for the week; the S&P 500 was down 1.1%.
(downside target = 11,200, with a CRASH target = 9,750ish)

* The U.S. dollar weakens this week.
The Federal Reserve Bank's decision to hyper-inflate the economy has resulted in the dollar devaluation by a third in just five years (downside target for U.S. Dollar is 40.00).

* Crude oil finds support at $100 per barrel (could hit $130 a barrel by late 2008/2009)

* U.S. Gold finds at $900 (gold could be headed for $1,300)

* The VIX (volatility index) holds at 25.

The FED must continue hyper-inflate in order to bail out this sick economy. The credit insurers must be bailed out immediately. If this doesn't happen, we are headed for an economic depression. 

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