Imminent and severe market correction
- Thread starter Uncle Festivus
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Yeah whats with the word 'manipulation'? There are so many youtube videos claiming various things are being 'manipulated' by <insert bogey-man here>. Especially gold and silver. Whenever the price is going up they chant "see, we told you so", and whenever the price is going down they chant "the manipulators are doing this!". It's a hoot
.Don't we all 'manipulate' prices when we buy or sell?
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And to think that just when all those 'green shoots' have germinated into a 'recovery', the Fed takes away the drugs? I'm no TA, but the Fed will need to 'support' the Dow above 12500 for the 'recovery' to continue? A little bit of distribution happening.......and a descending triangle.....?
The debt ceiling is to be debated in CONgress, to ensure CONfidence in $USD's and avoid CONfusion in markets. How long can the Fed CONtinue to CONtrol the DOW? Is it just one, big, CON???
Even though the planets aligned on Friday 13th, the end of the world didn't eventuate. The end of the financial world is a different matter.......
Sorry Tim, can't say default, must say 're-profiling'
The debt ceiling is to be debated in CONgress, to ensure CONfidence in $USD's and avoid CONfusion in markets. How long can the Fed CONtinue to CONtrol the DOW? Is it just one, big, CON???
Even though the planets aligned on Friday 13th, the end of the world didn't eventuate. The end of the financial world is a different matter.......
Sorry Tim, can't say default, must say 're-profiling'
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>>Even though the planets aligned on Friday 13th, the end of the world didn't eventuate. The end of the financial world is a different matter.......
Maybe the day will be 21st May... a nutty US preacher is predicting the end of the world in a week’s time.
Don’t panic yet. He has got it wrong several times previously. http://en.wikipedia.org/wiki/2011_end_times_prediction
Not that I believe such BS but many of his followers do. I’ve even seen adverts for it in the back of taxis here in Thailand. It may be an opportunity to profit from an unusual glitch in the market due to others’ actions.
Catch 22... if he is right, I won’t be around to collect my profits.
See you in hell, folks. hehe
Maybe the day will be 21st May... a nutty US preacher is predicting the end of the world in a week’s time.
Don’t panic yet. He has got it wrong several times previously. http://en.wikipedia.org/wiki/2011_end_times_prediction
Not that I believe such BS but many of his followers do. I’ve even seen adverts for it in the back of taxis here in Thailand. It may be an opportunity to profit from an unusual glitch in the market due to others’ actions.
Catch 22... if he is right, I won’t be around to collect my profits.
See you in hell, folks. hehe
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Update: Bernanke further warns of potential issues with not raising the debt ceiling:
source: http://www.federalreserve.gov/newsevents/speech/bernanke20110614a.htm
source: http://www.federalreserve.gov/newsevents/speech/bernanke20110614a.htm
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Yeah. Maybe the time for an imminent & severe correction is close at hand.
C'mon folks. It's only a few piddly % points, after all. We could be down like Argentina last night (-11%!)
But, we are the strongest economy in the world - I believe Waynee babe implicitly - AND the play money is only virtual too, right?
Someone always comes back and bumps this thread after a 10% fall.
Why not say something before it happens....
And the irony is that its probably time to buy.
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Big insto shorters already seen to that. They had to cash their chips sooner or later and with such a large, prolonged short run, the cover rally WAS going to be a biggie. They've made stonking huge profits overnight and will be all cashed up, ready and drooling for the next opportunity to plunge the indexes.... just a matter of economic news & market timing as usual.
The funniest part is that the media NEVER talks about massive short covering "rallies". They always couch such moves in terms like "investors showed faith in stocks around the world" or some such rubbish. Obviously they have never read Share Trading For Dummies 101.
Getting giddy? I'm orf back to tha cave for a nap..... nothing more to see for a few days... *yawn*
LOL
Point taken. As it happens, I have been expecting this crash for months because of the convergence of the end of QE2 and the debt woes in Euro-land, but I was expecting it in September, after everyone had a nice holiday. Sorry I forgot to mention it on this list.
Since nobody ever has a crash in August (cuts into your holidays in the Bahamas), I figure all the people in the know actually knew that and tried to get in first. So it's serious.
The only reason to buy now is if you solemnly believe in QE3. I admit to missing most of the V-shaped rally in March 09 because I couldn't believe the US Fed could spend so much money so fast and for so long. TARP, QE1, QE2...
Now there are 2 choices. The charts say this is a bear market with months or years to run. If you buy now, it's because you're expecting a rerun of March 09, or you're very nimble. Which is it?
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Some interesting commentary from Marc Faber.
Amongst other things, he describes US long dated treasuries as the short of the century.
http://www.washingtonpost.com/busin...asury-market/2011/08/09/gIQATzsR5I_video.html
Amongst other things, he describes US long dated treasuries as the short of the century.
http://www.washingtonpost.com/busin...asury-market/2011/08/09/gIQATzsR5I_video.html
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Well, I gave you the top back then? And still shorter than a midget at a urinal.....
Nothing really new with what's going on, it's been predicted here for several years now. The extra debt just needed time to percolate through the corrupt system into the right pockets, if the money wasn't already there from bailing out the 'too big to fail' banking system?
What's happening now is the gutting of the middle class consumer segment, ie the bit that actually spends money in the economy, and creating an even greater chasm between the rich & the rest.
It is a structural deformity that cannot be fixed, that is, not without a major failing of the current system, a work in progress???
The Philly Fed Manufacturing Index couldn't have tanked at a worse time in the dead cat bounce cycle - a truly dismal number indicating that the double dip recession is a matter of months away, at least officialy - the US may already be in recession if you strip out all the misdirected stimulis moneys and schemes....
It's soon going to be a free for all in the upper levels of finance & politics - all trying to cover their hides. Meanwhile, if you remember what the LA riots were like you will have an idea of what's about to happen in the US.........the UK was a practice run
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Lynas LYC and Panaust PNA are sitting on support.
They both had a strong 18months.
So if you wanna put your money where your mouths are.
You could go short them.
I'm too chicken.
They both had a strong 18months.
So if you wanna put your money where your mouths are.
You could go short them.
I'm too chicken.
There is a third choice. Trade between stocks even if it means catching a falling knife. This is a time to trade without the capital gains tax problem. Some stocks fall faster than others. Some offer better value related to the SP at a particular time than others. This is a time to accumulate numbers of shares even if the value is falling. Different stocks have the lemming rush on different days. Fundamentals are important. Research is the key. Know your stocks.
Stay cool.(Look for stocks that will not run short of cash.)
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skc
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How inspiring to compare it to the 1930s depression
What's the point of making money if the rest of society falls around him? I suppose he could afford to barricade himself in a castle like a King and get a taster to test all his meals for poison when rioters call for his head. What a vision!
Well that's how he makes it sound. He could be a lot more tactful than this cocky little show he puts on.
He sounds like a pharmaceutical rep unwittingly showing delight in profiting from sick people's misery.
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Welcome to reality??
Looking for support here otherwise goodbye - time resolution = 2 weeks......
Except that wasn't the supposed "inspiring" part. His cavalier way of embracing it was... wait, I did make that obvious if you read the rest.
Unless of course you find our demise motivational and something to look forward to.
He does make some good points though.
-It is an opportunity.
-There is plenty of prior warning that the chances of a crash and serious depression is quite high so there is time to get positioned to protect your assets and set yourself up to make the most of it.
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