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Author Topic: SUPER CRASH coming late 2009/Early 2010 the start!
osubucks30
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Interesting read here. If this guy is right a depression and very hard times are around the corner:

http://www.safehaven.com/article-14073.htm

His downside target is near 0!! Says DOW below 1000 and S& P between 0 and 100! I think we are hurting but if we go that low this will be uglier then anyone could ever imagine!

Posts: 1458 | From: Ohio | Registered: Mar 2004  |  IP: Logged | Report this post to a Moderator
osubucks30
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For disclosure I do think the market is overvalued currently but I do not see the markets going that low. I think we settle in a range of 6500-8500 where we will be for many years. This big credit bubble will not be fixed this easy.

Obama has been in office around 6 months!! At this point he thinks the job is cake!! Lol GOOD TIMES ARE BACK!!! CAN YOU FEEL IT!

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glassman
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i can't imagine an opportunity like getting into the DOW at 1000...

i think the 6500-8500 range is a little tight since we were at 9200 today, but i do think we could see 7100 again before we see 11000.

i think 10000 is coming but "it" ain't over ....

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Don't envy the happiness of those who live in a fool's paradise.

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Relentless.
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I would say that with all the $'s being pumped into the system that the stock market will look very good... It will of course be an illusion. Holding anything but cash over the next fifteen years is where one needs to be.
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T e x
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How 'bout dem new rules for Joe Retail on FOREX?

I'd say Obama got his poor hands full of offal...

As much as Team Obama is trying to help peeps facing foreclosure...they *still* don't get how rigged the system is:

http://www.cnbc.com/id/32271794

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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osubucks30
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I am very worried about inflation. Wages have not really kept up with it let alone if inflation starts to sky rocket. What happens when inflation will be 5%, 6% or even 10%?

It could happen! What will companies do? Do you think the normal Americans paycheck will go up by 10%? I think not!! So in this scenario the US consumer will have to focus more on just the basics like shelter and food. Companies will either have to raise prices to recoup higher material prices or raise prices slower then inflation thus shrinking profit margins! Either way they go they will be competing for less disposable income from the American consumer.

I think the S&P is expensive at current levels. Alot of the banks profits are on asset sales and refinancing fees. Plus they are borrowing at a very low rate(Below 1%). You have to ask yourself what happens when interest rates have to go up because of inflation?? Short term we could break DOW 10000 but what do you see in the next few years?? I see a lot of pain for buy and hold. I will try to trade it a bit but will start piling up a little gold, silver and oil.

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osubucks30
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Not to sound like I don't care but this would work itself out if the government stayed out of it!! Getting us further in debt to solve a problem caused by people buying more then they could afford is laughable to me!! What happened to free markets?? The government said we where fine back in 2007 and first half of 2008. Do you really think all of these great ideas and stimulus will really work in the long term?
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T e x
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if the government stayed out of it!!

If the current admin had "stayed out of it," you'd be griping from the soup line...

What happened to free markets??

Two things: 1) They never were free--they were established by the elite, for the elite (think "country club"); 2) "they" decided it would a be a bird's nest on the ground to let Joe Retail into the market via online trading, and it was so disruptive that "they" now have the advantage of "dark pools" and "high-speed trading" in stocks, and from what I'm reading "they" have just changed the rules in currency trading (FOREX) such that Joe Retail can no longer trade within the same rules that "they" still enjoy; 3) the Bushies ramped it up, big-time via so-called "deregulation," such that CDSs slipped toxic paper into the system on a scale unprecedented.

Who knows "what will work"? All we know at the moment is without these massive interventions, it would be much, much worse than it is.

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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raybond
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I think you guys are right the times are going to get worse nobody can stop it.IMHO its all about jobs you have got to have them we don't anymore,

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T e x
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quote:
Originally posted by raybond:
I think you guys are right the times are going to get worse nobody can stop it.IMHO its all about jobs you have got to have them we don't anymore,

mebbe, mebbe not...

but, I will say, a factor in my settling here at La Querencia is that I can build quite a garden...for both veggies and herbs; raise chickens/rabbits; hunt a lil bit...and still be within striking distance of downtown, yet also somewhat secluded.

Just for instance? I can easily see Gasoline spiking, just when you hate it. Those times are good times to *not* have to leave the house--but you could, if really necessary.

make sense?

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Nashoba Holba Chepulechi
Adventures in microcapitalism...

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Ace of Spades
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You're right osubucks30....it was an interesting read...but that's it

I remember similar articles not to long ago when oil hit the all time high....Even fox news had a mini movie/doucmetary about hypothetical scenarios that could send gas to $7 per gallon......that too was very intersting! LoL These days people will right anything to get noticed and keep work comming in as a writer.....Look at Michale Jackson's death...when he was alive they bad mouthed him, and when he's gone they(press) love him. Are they bipolar??? Of course not....they write articles that will keep people reading...thats it!!!

TEX...I agree. I think the odds are better that gas goes to $10 per gallon.....than the dow going to Zero [Wink]

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