The Dow had its Second Worst Daily Drop Ever on Wednesday , giving back 733 of the 936 points it had gained on Mondays Sucker Rally. The Federal Reserves Economic Forecast from their Beige Report released today: RECESSION , shaky economy , less consumer spending and less corporate profit sent the Dow Reeling.
Mad Moneys Jim Cramer , Bloomberg and the Bond Markets etc are all convinced that BANKRUPTCY is Near 100% Certain for One or more of the Big 3 Auto Makers, GM , Ford or Chrysler. All are facing Record Losses.
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