Dow to hit 6,000

(Compiler's Note: The following report is excerpted from Jerome Corsi's Red Alert)

The Dow Jones Industrial Average is heading for a new low of 6,000 as Barack Obama prepares to assume the presidency in January, according to a new report from Jerome Corsi's Red Alert.

Red Alert accurately predicted the Dow Jones Industrial Average would hit a pre-election bottom of 8,000, a forecast fulfilled in mid-morning trading Oct. 10.

Now Red Alert's author, whose books including "The Obama Nation" and "Unfit for Command" have appeared atop the New York Times best-sellers list, is predicting a President Barack Obama will set new lows across the board, earning for himself a reputation as the worst U.S. president in modern history when dealing with economics.

The Dow

will hit a new low of 6,000 in the fourth quarter 2008, most likely reaching that mark sometime in the next two months, probably in late November or early December, Corsi predicts.

"We are confident the mainstream media, which did every possible bit of cheerleading to get Obama into office, can be relied upon to proclaim him a genius following every decision he makes," he said.

"Unfortunately, economics tends to be a function of reality, not hype."

Get Jerome Corsi's "The Obama Nation," the blueprint for Obama's first term in office, here now!

Corsi predicts Obama over the next four years will lead the U.S. into the worst global depression it ever has experienced.

"Red Alert is confident that within one year, even an economic failure like President Herbert Hoover will look like a genius when compared to the failures we are likely to see from a President Obama," he wrote.

Jerome Corsi received his Ph.D. from Harvard University in political science in 1972. He became an expert on political violence and terrorism and in 1981 received a top secret clearance from the Agency for International Development, where he assisted in providing anti-terrorism training to embassy personnel.

For nearly 25 years beginning in 1981, Corsi worked with banks throughout the United States and around the world to develop financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. In this career, Corsi developed three different third-party financial services marketing firms that reached gross sales levels of $1 billion in annuities and equal volume in mutual funds. In 1999, he began developing Internet-based financial marketing firms, also adapted to work in conjunction with banks. In his 25-year financial services career, Corsi has been a noted financial services

speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines. ....