I've been anticipating a big market crash since 2008, I think this is it.
- Original_Intent
- Level 34 Illuminated
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I've been anticipating a big market crash since 2008, I think this is it.
I've been wrong before and making a "timing prediction is almost always a losing bet. I am not an economist or financial advisor, just spouting of my uneducated opinion.
The Nasdaq is down over 2% for the day. The DJIA is down 1%. These have been volatile, and by itself this is no big deal.
Gold and silver are spiking up. Gold passed thru a resistance level at $1850 like a hot knife thru butter. Recent history, when the stock market went down, so did precious metals.
The Fed is making an unplanned announcement later today, probably close to or after the stock markets close.
The Fed is having an emergency, expedited and CLOSED meeting Monday, Feb 14. To discuss interest rates AND OTHER MATTERS THAT WILL NOT BE DISCLOSEDD UNTIL AFTER THE MEETING. Sketchy! https://www.federalreserve.gov/aboutthe ... closed.htm
Biden and the UK are clearly pushing for war with Russia over the Ukraine. This is insane. Now, war often helps the stock market because all of the defense industry suddenly become super profitable on your tax dollar. But war or even the threat of war is going to push Oil, precious metals, and basically all commodities thru the roof. Yes, more price inflation for the 99%, more profit for the 1%.
That's it. Do your own research and prepare to the degree you feel necessary.
The Nasdaq is down over 2% for the day. The DJIA is down 1%. These have been volatile, and by itself this is no big deal.
Gold and silver are spiking up. Gold passed thru a resistance level at $1850 like a hot knife thru butter. Recent history, when the stock market went down, so did precious metals.
The Fed is making an unplanned announcement later today, probably close to or after the stock markets close.
The Fed is having an emergency, expedited and CLOSED meeting Monday, Feb 14. To discuss interest rates AND OTHER MATTERS THAT WILL NOT BE DISCLOSEDD UNTIL AFTER THE MEETING. Sketchy! https://www.federalreserve.gov/aboutthe ... closed.htm
Biden and the UK are clearly pushing for war with Russia over the Ukraine. This is insane. Now, war often helps the stock market because all of the defense industry suddenly become super profitable on your tax dollar. But war or even the threat of war is going to push Oil, precious metals, and basically all commodities thru the roof. Yes, more price inflation for the 99%, more profit for the 1%.
That's it. Do your own research and prepare to the degree you feel necessary.
- tmac
- captain of 1,000
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Re: I've been anticipating a big market crash since 2008, I think this is it.
Can't disagree. I recently heard a so-called financial expert quoting another so-called financial expert who said that any time there is serious talk about raising interest rates at the same time there is any serious talk of war it is a recipe for disaster in stock (financial) markets.
- nightlight
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Re: I've been anticipating a big market crash since 2008, I think this is it.
"U.S. inflation data is like a ‘punch in the stomach’ for the Fed, says Citi economist"
https://www.cnbc.com/2022/02/11/us-infl ... citi-.html
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the Federal Reserve are liars.
https://www.cnbc.com/2022/02/11/us-infl ... citi-.html
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the Federal Reserve are liars.
- BroJones
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Re: I've been anticipating a big market crash since 2008, I think this is it.
"All is well in Zion, [as long as] Zion prospereth, all is well". -- but what happens to the Wasatch front when stocks go way down?
- Original_Intent
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Re: I've been anticipating a big market crash since 2008, I think this is it.
That didn't take long. Either this is a Fed head-fake, or I'm wrong.
https://www.zerohedge.com/markets/fed-p ... -rate-hike
https://www.zerohedge.com/markets/fed-p ... -rate-hike
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Re: I've been anticipating a big market crash since 2008, I think this is it.
Look at the bright side… if this isn’t the big one, there’s always tomorrow, and one day you’ll be right and be able to brag to all your friends about how you predicted it!
- Original_Intent
- Level 34 Illuminated
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Re: I've been anticipating a big market crash since 2008, I think this is it.
haha, that's not my motive. As I stated in the OP, making a guess on the timing is a losing bet.endlessismyname wrote: ↑February 11th, 2022, 1:36 pm Look at the bright side… if this isn’t the big one, there’s always tomorrow, and one day you’ll be right and be able to brag to all your friends about how you predicted it!
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- captain of 100
- Posts: 501
Re: I've been anticipating a big market crash since 2008, I think this is it.
A major shift might have happened after the first trading day of the year.
According to some EWT analysts, we are at the end of supercycle 3, which means that we will see a big corrective supercycle 4, bigger than the sharp corrective cycle 4 of two years ago. It might have already started. There's still a slight possibility, however, for a new ATH.
It's alw. good to bear in mind that bad Januarys often mean there will be nasty selloffs later in the year.
In terms of that, take a look at January 2008, when GBH died, and the nasty selloff of the fall. That was caused, of course, by the RE debacle. We're now 14 years out from that, and 13 years out from the March 2009 low.
Also, take a look at June 2010, after the flash crash of May 2010. The market's acting like that right now, with the flash crash day somewhat analogous to 24 Jan 2022.
According to some EWT analysts, we are at the end of supercycle 3, which means that we will see a big corrective supercycle 4, bigger than the sharp corrective cycle 4 of two years ago. It might have already started. There's still a slight possibility, however, for a new ATH.
It's alw. good to bear in mind that bad Januarys often mean there will be nasty selloffs later in the year.
In terms of that, take a look at January 2008, when GBH died, and the nasty selloff of the fall. That was caused, of course, by the RE debacle. We're now 14 years out from that, and 13 years out from the March 2009 low.
Also, take a look at June 2010, after the flash crash of May 2010. The market's acting like that right now, with the flash crash day somewhat analogous to 24 Jan 2022.
- BeNotDeceived
- Agent38
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I think this is it
The interest on the debt will soar when interest rates rise.
The situation is untenable.
The situation is untenable.
- Niemand
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Re: I've been anticipating a big market crash since 2008, I think this is it.
War with Russia is being heavily promoted in the UK. Every time the BBC does this I know the Ministry of Defence and MI6 are feeding them info... just so obvious from the output. (No, I don't have inside contacts - that's for any spooks reading this.)
- Lexew1899
- captain of 1,000
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Re: I've been anticipating a big market crash since 2008, I think this is it.
I’m definitely a little worried about the economic outlook. But not feeling dreadful about it, perhaps because I’m pretty well prepared.
I do feel sympathy for the young, single, or newlywed people though. They’re in for a rough couple years I think.
I do feel sympathy for the young, single, or newlywed people though. They’re in for a rough couple years I think.
- Original_Intent
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Re: I've been anticipating a big market crash since 2008, I think this is it.
or people who *think* they are going to retire in the next few years.
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- captain of 100
- Posts: 113
Re: I've been anticipating a big market crash since 2008, I think this is it.
A couple weeks ago there was a FOIA request that finally went through. This FOIA request was pushed back in 2010 on the financial crash of 2008, and the government did everything it could to stop the FOIA request. The group that pushed the FOIA request was Levy Economic Institue. You can get the report; it is crazy. It shows America didn't just bail out the American banks but also most countries. We now know from this FOIA request the FED pushed out 30 trillion (this is on top of our domestic 30 trillion debt). These were none payback loans meaning we just gave the money away. In 2019 the FED also implemented "emergency cash loans" to banks with loans that didn't have to be payed back. In April 2020 they started issuing 1 trillion dollars per-week loans that again didn't need to be payed back. All the debt is over 90 trillion. In short, the dollar must crash for the Great Reset to take place. They are next going to push a FED coin as a way to push out cryptos (which they can't control, which is why they hate crypto). They are crashing the dollar on purpose, even though they will act shocked when it happens. It's by design. Like the WEF said that by 2030, “You'll own nothing and you'll be happy.” The world economic forum is run by the worst among us.
- Dusty Wanderer
- captain of 1,000
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Re: I've been anticipating a big market crash since 2008, I think this is it.
I would bet that real estate values around here will begin heading in a direction closer to reality.
Last edited by Dusty Wanderer on February 12th, 2022, 11:21 am, edited 1 time in total.
- JK4Woods
- captain of 1,000
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Re: I've been anticipating a big market crash since 2008, I think this is it.
Crude oil closed today over $93/barrel...
For the last several months it’s been at $82 - $85
For the last several months it’s been at $82 - $85
- JK4Woods
- captain of 1,000
- Posts: 2507
Re: I've been anticipating a big market crash since 2008, I think this is it.
Every crypto currency dropped as well...
Never happen before where all crypto currency’s dropped. In the past, there was always one or two that made gains when the big kahuna’s went down...
Never happen before where all crypto currency’s dropped. In the past, there was always one or two that made gains when the big kahuna’s went down...