Saturday, June 21, 2008

Stock Market Sinks Below Betsy’s Level

It took over 11 weeks. But the market dropped below levels it was at before its April 1 jump, falling back as ABC’s Betsy Stark had predicted it would on April Fools Day (she anticipated days, not months). Oil prices are indeed behind what “gloom and doom“ Stark, rarely seen since March, called Wall Street’s deepening “mood of despair.”

Even pessimists get it right sometimes.

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