RBS Issues Global Crash Alert--Hindenberg Omen

RBS issues global stock and credit crash alert

By Ambrose Evans-Pritchard
Last Updated: 11:44pm BST 17/06/2008

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml


Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve
By Ambrose Evans-Pritchard, International Business Editor

The clash between the European Central Bank and the US Federal Reserve over monetary strategy is causing serious strains in the global financial system and could lead to a replay of Europe's exchange rate crisis in the 1990s, a team of bankers has warned.

"We see striking similarities between the transatlantic tensions that built up in the early 1990s and those that are accumulating again today. The outcome of the 1992 deadlock was a major currency crisis and a recession in Europe," said a report by Morgan Stanley's European experts.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/16/bcnecb116.xml


Hindenberg Omen:

http://www.tickerforum.org/cgi-ticker/akcs-www?post=48808

Wow. Nothing? Hmm.

Here's what they're saying at ToL:

http://www.thetreeofliberty.com/vb/showthread.php?t=20565

Echo 5 said:

Wow. Nothing? Hmm.

Here's what they're saying at ToL:

http://www.thetreeofliberty.com/vb/showthread.php?t=20565

Click to expand...

We're all just suffering from Doomer Burnout.

We know that the sky is falling, we're just too busy pecking at bugs and fallen grain on the ground to look up and notice.

BFC

Okay, I'm just beginning my review and reading of the links that were posted but, in the interest of saving a little time, can someone clue me in on what a hindenburg warning is, please? I'm not a financial guru so I would greatly appreciate a laymans description of said warning. Thanks in advance.

I agree...it may be econ doom overdose.

The world financial picture remains grim. Informed observers here and elsewhere know this all too well. All that remains, imho, is the method and chronology of the actual collapse.

I hope some kind soul posts excerpts of the comments from TOL. My computer crashes every time I try to click on threads on that site.

Thanks for posting Echo 5.

ElevenO said:

Okay, I'm just beginning my review and reading of the links that were posted but, in the interest of saving a little time, can someone clue me in on what a hindenburg warning is, please? I'm not a financial guru so I would greatly appreciate a laymans description of said warning. Thanks in advance.

Click to expand...

http://en.wikipedia.org/wiki/Hindenburg_Omen

The Hindenburg Omen is a technical analysis signal that attempts to predict a forthcoming stock market crash. It is named after the Hindenburg disaster, the crash of the German zeppelin of the same name in May 1937. The Hindenburg Omen is the alignment of several technical factors that measure the underlying condition of the stock market - specifically the NYSE - such that the probability that a stock market crash occurs is higher than normal, and the probability of a severe decline is quite high. The rationale behind the indicator is that, under normal conditions, either a substantial number of stocks establish new annual highs or a large number set new lows - but not both. When both new highs and new lows are large, it indicates the stock market is undergoing a period of extreme divergence. Such divergence is not usually conductive to future rising prices. A healthy market requires some degree of internal uniformity, whether the direction of that uniformity is up or down.


Criteria
The traditional definition of a Hindenburg Omen has five criteria:

That the daily number of NYSE new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
That the smaller of these numbers is greater than 75. (this is not a rule but a function of the 2.2% of the total issues)
That the NYSE 10 Week moving average is rising.
That the McClellan Oscillator is negative on that same day.
That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.
These measures are calculated each evening using Wall Street Journal figures for consistency. The occurrence of all five criteria on one day is often referred to as an unconfirmed Hindenburg Omen. A confirmed Hindenburg Omen occurs if a second (or more) Hindenburg Omen signals occur during a 36-day period from the first signal.


Conclusions
Looking back at historical data, the probability of a move greater than 5% to the downside after a confirmed Hindenburg Omen within the next 41 days after its occurrence was 77%, the probability of a panic sellout was 41% and the probability of a major stock market crash was 24%. The occurrence of a confirmed Hindenburg Omen does not necessarily mean that the stock market will go down, although every NYSE crash since 1985 has been preceded by a Hindenburg Omen.

Because of the very specific and seemingly random nature of the Hindenburg Omen criteria, it is possible that this phenomenon is simply a case of overfitting. That is, if one backtests through a large data set and tries enough different variables, eventually correlations are bound to be found that don't really have any predictive significance.

However, the fact remains that out of the previous 25 confirmed signals only 8% (two) have failed to predict at least a mild (2-4.9%) decline.

STOCKMARKET CRASH ALERT: Take Heed.....Alert Issued by RBS

Royal Bank of Scotland Issues Global Stock & Credit Crash Alert
http://www.telegraph.co.uk/money/mai...8/cnrbs118.xml

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2008/06/18/cnrbs118.xml

Quote:
The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

RBS issues global stock and credit crash alert
RBS warning: Be prepared for a 'nasty' period

-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Complete article, courtesy of John Galt

By Ambrose Evans-Pritchard, International Business Editor
Last Updated: 7:40am BST 18/06/2008

The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

Such a slide on world bourses would amount to one of the worst bear markets over the last century.

RBS said the iTraxx index of high-grade corporate bonds could soar to 130/150 while the "Crossover" index of lower grade corporate bonds could reach 650/700 in a renewed bout of panic on the debt markets.

"I do not think I can be much blunter. If you have to be in credit, focus on quality, short durations, non-cyclical defensive names.

"Cash is the key safe haven. This is about not losing your money, and not losing your job," said Mr Janjuah, who became a City star after his grim warnings last year about the credit crisis proved all too accurate.

RBS expects Wall Street to rally a little further into early July before short-lived momentum from America's fiscal boost begins to fizzle out, and the delayed effects of the oil spike inflict their damage.

"Globalisation was always going to risk putting G7 bankers into a dangerous corner at some point. We have got to that point," he said.

US Federal Reserve and the European Central Bank both face a Hobson's choice as workers start to lose their jobs in earnest and lenders cut off credit.

The authorities cannot respond with easy money because oil and food costs continue to push headline inflation to levels that are unsettling the markets. "The ugly spoiler is that we may need to see much lower global growth in order to get lower inflation," he said.

"The Fed is in panic mode. The massive credibility chasms down which the Fed and maybe even the ECB will plummet when they fail to hike rates in the face of higher inflation will combine to give us a big sell-off in risky assets," he said.

Kit Jukes, RBS's head of debt markets, said Europe would not be immune. "Economic weakness is spreading and the latest data on consumer demand and confidence are dire. The ECB is hell-bent on raising rates.

"The political fall-out could be substantial as finance ministers from the weaker economies rail at the ECB. Wider spreads between the German Bunds and peripheral markets seem assured," he said.

Ultimately, the bank expects the oil price spike to subside as the more powerful force of debt deflation takes hold next year.

----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

All the newshounds at TB2K should keep this story updated.......it's probably one of the biggest stories of the last few months....

RBS issues global stock and credit crash alert


By Ambrose Evans-Pritchard, International Business Editor

Last Updated: 6:55am BST 18/06/2008

http://www.early-retirement.org/forums/f28/global-stock-credit-crash-alert-36469.html




The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks.

"A very nasty period is soon to be upon us - be prepared," said Bob Janjuah, the bank's credit strategist.

A report by the bank's research team warns that the S&P 500 index of Wall Street equities is likely to fall by more than 300 points to around 1050 by September as "all the chickens come home to roost" from the excesses of the global boom, with contagion spreading across Europe and emerging markets.

Such a slide on world bourses would amount to one of the worst bear markets over the last century.



< snip >





RBS issues global stock and credit crash alert - Telegraph

A depression is coming. Please make preparations as best you can...........time is of the essence. (That's my opinion)



Those of you that belong to other boards, please let everyone know about the warning.

I personally don't know what's going to happen to the banks........however, I would think it wise to keep some spare cash on hand, just in case.

Remember, for a bank to declare that such an event is even thinkable means that they probably have some info that we don't have....such as the true inflation rate.

Again, please let as many other posters as you can about this turn of events.

For lots of great info, check out http://www.survivalblog.com

NOTE: As y'all know, I don't usually do this....however, there are way too many hints about what is going to happen economically, for anyone to ignore. If I were y'all, I'd play it safe, and prep up from here on out.

Heed These Words...from the parent article.


"The Fed is in panic mode. The massive credibility chasms down which the Fed and maybe even the ECB will plummet when they fail to hike rates in the face of higher inflation will combine to give us a big sell-off in risky assets," he said.

Kit Jukes, RBS's head of debt markets, said Europe would not be immune. "Economic weakness is spreading and the latest data on consumer demand and confidence are dire. The ECB is hell-bent on raising rates.

"The political fall-out could be substantial as finance ministers from the weaker economies rail at the ECB. Wider spreads between the German Bunds and peripheral markets seem assured," he said.

Ultimately, the bank expects the oil price spike to subside as the more powerful force of debt deflation takes hold next year."

--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Cash is king.......however, the definition of 'cash' is debatable. I personally think that 'preps' are king.............cash is merely metal or paper, which at some point, may be tradable....or not.........depending.

Thanks Doc

Thats quite an eye opening article for an early Wednesday morning.

This is a dup, Doc Fun.

Moggy

Moggy said:

This is a dup, Doc Fun.

Moggy

Click to expand...

If the mods would merge this thread with Echo5's thread, I could add info during the day....

Remember, for a bank to declare that such an event is even thinkable means that they probably have some info that we don't have

Click to expand...

I bet they read shadowgovstats...

Doc, as may have also been noted elsewhere, the Global Eiropean Anticipation Bulletin newsletter (GEAB ), which has been right on timing and effect now for the last 2 years, is saying the same thing: a real mess not solvable by the usual financial legerdemain. They are getting testy about linking to them, or even copying their articles, but here is an excerpt, as best I can get it, from their latest, No. 26. I apologize for the terrible formatting, but, like I said, they don't really want the exposure any more:

( fair use for discussion purposes only )


GEAB N°26 is available! LEAP/E2020 Summer 2008 Alert ? July-December
2008: The world plunges into the heart of the global systemic crisis
On the occasion of this 26th ? Summer 2008 Special ? edition of the
Global Europe Anticipation Bulletin, the LEAP/E2020 team has decided to
launch an alert on the July-December 2008 period. Indeed, our team is
now convinced that this period will consist for the whole world in a
major plunge into the heart of the phase of impact of the global
systemic crisis. The upcoming six months are in fact the core of the
unfolding crisis. The troubles met in the past six months were mere
harbingers.

US consumer confidence index (1978-05/2008) ? Source: Briefing.com /
Conference Board <javascript:void(0)>
US consumer confidence index (1978-05/2008) ? Source: Briefing.com /
Conference Board
In the next semester indeed ( UA - that would be July-December ), all the components of the crisis
(financial, monetary, economic, strategic, social, political? ones) will
converge at the height of their intensity (1). Avoiding to repeat a
description of the various sequences already anticipated in the previous
editions of the GEAB, our researchers have decided to describe the
trends that will be at work in the world's main regions in the next six
months. Therefore they analyse eight fundamental processes that will
mark the next semester and affect decisively the years 2009-2010, i.e.:

1. A Dollar in distress (EUR 1 = USD 1.75 at the end of 2008):
Panic-fear of a US currency and economy collapse eats into the American
collective psyche

2. Global financial system: An impossible requirement ? placing
Washington under international trusteeship ? provokes the system's break

3. European Union: The periphery sinks into the recession, the Eurozone
only slows down

4. Asia: The « double whammy » inflation/export-collapse

5. Latin America: Difficulties increase but growth remains steady in
most parts of the region, Mexico and Argentina in crisis

6. Arab world: Pro-Western regimes go adrift / 60 percent risk of
socio-political explosion on Egypt-Morocco axis

7. Iran: 70 percent probability of an attack by October 2008 confirmed

8. Banks/Speculative bubbles: When bubbles collide

In parallel, LEAP/E2020 presents five strategic advices for the
intention of central banks, governments and regulatory authorities,
aimed at reducing and channelling the very bad consequences of the phase
of impact of the crisis.

As to private investors, LEAP/E2020 develops in this 26th issue of the
GEAB, a series of 8 operational advices for them to avoid committing
fatal mistakes in the course of the next semester.

For this public announcement, LEAP/E2020 chose to present its
anticipation on the upcoming break of the global financial system.


Global financial system: An impossible requirement ? placing
Washington under international trusteeship ? provokes the system's
break

Who owns the US debt? ? Source: Fincher <javascript:void(0)>
Who owns the US debt? ? Source: Fincher
Washington's decision to raise the bids for the return to a « strong
Dollar », by compelling Ben Bernanke to intervene, bears the seeds of an
acceleration of the global financial system's breaking process (2).

Ben Bernanke is indeed the last wall before the largest US currency and
asset owners become fully aware of the fact that Washington no longer
has the means of its monetary policy. What used to be a deliberate
policy of currency drop (when it was decided to stop publishing M3 in
March 2006, as announced by LEAP/E2020) in order to reduce the country's
trade deficits and the real value (for themselves) of the their debt
(labelled in Dollar), turned against its perpetrators entailing a major
outflow (capital outflow, steadiness of trade deficits, soaring
inflation...). The « Bernanke » card is the last « psychological » card
Washington can play. The fact of using it proves that US leaders have
reached the last limits of what they can do to hold back their partners
into the system founded after 1945 and based on the US economy and
currency (3).

In a few weeks time (after the next G8- and other organisations-meetings
have taken place), when it will be confirmed that there is no way to
stabilise the US currency (not to mention the eccentric idea of pushing
it up) because the US economy is sinking always deeper into the
recession and because the world is already filled with US Dollars no one
knows what to do with, then the global financial system will burst out
in various sub-systems trying to survive as much as they can before a
new global financial equilibrium is found (4). As he is embarking on
this road to nowhere, consciously or not, voluntarily or not, Ben
Bernanke is signing the end of the current financial system. The return
to a ?strong Dollar? is a bit like the « liberation of Iraq » : wishful
thinking turning into a nightmare.

The inverted pyramid of global liquidity - Sources: Bank of
International Settlements / Independent Strategy <javascript:void(0)>
The inverted pyramid of global liquidity - Sources: Bank of
International Settlements / Independent Strategy
As a matter of fact, if Washington really intended to stabilise the
Dollar or, more ambitiously, to push it up against the other currencies,
there would only be one way (5), in two parts: raising significantly the
Fed's interest rates, and lowering drastically the pace of money
printing. But if the government decided to implement this type of
policy, the US economy (both real and financial) stops dead a few weeks
after : the real estate market falls to zero by lack of affordable
credit and as a result of soaring interests on Adjustable Rate Mortgage
loans, consumption becomes negative (i.e. shrinks back each month),
corporate failures multiply exponentially, Wall Street collapses under
the burden of innumerable debts and succumbs to the instantaneous
implosion of the CDS market due to counterparties default...

Such a series of events, sure to happen if Washington implements a
voluntary policy of dollar-rescue, is probably unacceptable by the US
authorities. Therefore, apart from talking ? and further
self-discrediting ? they cannot do anything. The method used in the past
decades is no longer available: no one will accept to buy large amounts
of Dollars in order to rescue the US currency if some voluntary policy
(like the one described previously) is not implemented by Washington. As
they will not do it, the rest of the world will draw its own
conclusions: everyman for himself, knowing that from mid-August onward,
as Beijing is relieved from the constraint of the Olympic Games, a large
number of ?tough? options (6), put on the back burner until the Games,
will resurface (7).


.

Threads merged per the doc's request.

pixmo said:

Threads merged per the doc's request.

Click to expand...

Thanks, Pixmo......I'll be adding to this most important thread during the day.

I posted this thread a couple of days ago....It's an important prep thread. Please make hardcopy of it...just in case you can't get to the net one of these days.
http://www.timebomb2000.com/vb/showthread.php?t=291583

the banks caused this mess so they should know the consequences of their own actions, question is shall I transfer my pension funds to sterling (money) out of stocks?

yes I know I should have done that 8 years ago....

Thanks for this distressing article. There doesn't seem to be much that the common man can do but save as much money as possible to pay the mortgage, stock as much food as possible to survive, get your heating secured for the winter, get your money out of the market and pray.

bump

Bank Declaration...

Gotta admit I'm getting kinda Doomed out here... but I do find it highly unusual that a bank would declare a warning like this? Strange days we're in...

Yesterday the Headline article in the Oregonian was about the housing bust finally catching up to contractors here and how bad it is quickly becoming. The main economist actually said that he expected 2008 to be a bloodbath.

Surprised to see such outright Doom on the front page above the fold.

Ben Sunday said:

I hope some kind soul posts excerpts of the comments from TOL. My computer crashes every time I try to click on threads on that site.

Thanks for posting Echo 5.

Click to expand...

No offense, but it would be totally inappropriate to post comments from another board here. Linking to or copying articles is one thing, but people's personal comments should only be where they want them to be.

Cascadians said:

Yesterday the Headline article in the Oregonian was about the housing bust finally catching up to contractors here and how bad it is quickly becoming. The main economist actually said that he expected 2008 to be a bloodbath.

Surprised to see such outright Doom on the front page above the fold.

Click to expand...

I know for a FACT that loggers are NOT cutting down trees right now and that their families are scrambling just to make it. This IMO, is a fairly big dot. No houses, no orders for lumber. They're not even cutting trees to add to the lumber stack out in the mill yard to get the mill through the winter.

BFC

Richard said:

the banks caused this mess so they should know the consequences of their own actions

Click to expand...

That's the way it is supposed to work. However, now when these IBs and lending institutions fails, they don't go 'bankrupt'. You and I pay for them to be propped up, thanks to the Fed. It is incredibly f'ed up.

Huntur said:

Gotta admit I'm getting kinda Doomed out here... but I do find it highly unusual that a bank would declare a warning like this? Strange days we're in...

Click to expand...

Well, maybe not...check the waterfall, when it fell below 70 the fat lady sang:

http://stockcharts.com/h-sc/ui?s=$BKX&p=D&b=5&g=0&id=p90538754435

Moggy

Market down -116

Moggy said:

Well, maybe not...check the waterfall, when it fell below 70 the fat lady sang:

http://stockcharts.com/h-sc/ui?s=$BKX&p=D&b=5&g=0&id=p90538754435

Moggy

Click to expand...

Oh man, "waterfall" is putting it mildly. May came and the bottom fell out. Thanks for the link to the chart, Moggy.

I'm convinced TPTB will do anything to avoid being blamed for this coming monetary collapse, created by the Federal Reserve, so as to still be firmly in power for their next planned phase.

For that reason, I'm more concerned than ever about the following, that I've shared here before, coming to pass...

TPTB and Federal Reserve would rather us think and accuse them of being stupid and inept, than for too many of us to start getting a clue that they know exactly how their policies have, and are, dooming the dollar, our families wealth, and our current taken-for-granted freedoms.

They know what's coming and that it's now inevitable and irreversible, though they try desperately to stall that 'Day of Reckoning' to their best advantage.

The highest levels there also know that with that eventual collapse, and when enough people are eventually suffering sufficiently hard/long enough from it, that most people then will also more eagerly embrace any new 'Draconian Solutions' they then later offer up for our supposed relief.

BUT, ONLY IF not too many of us had first caught on that their failed policies had caused all that personal financial panic, loss & pain to begin with!

It's essential, they know, if they are to stay in power afterwards, that they not also be blamed by the public then for that crisis, that only a handful now know they had actually caused and allowed.

For that reason, I fully expect, before the dollar, economy, and markets really fully implode, to where TPTB and FedRes might begin to get their rightful blame for having caused it all, that we will see instead an 'event' unleashed first with which the media, and eventually even history itself, will then blame for that subsequent (impending regardless) economic/financial/dollar collapse.

Nuke terrorism, severe energy crisis, war, pandemic, something/anything, to which then the public can be pointed to it as 'the real cause' for that 'unexpected' economic/financial/dollar collapse, that we all here knew was coming anyways.

Prep for it (Beans, Bullets, Bullion & Bible) to both survive that event itself, and the financial panic, and to better avoid being later panicked, stampeded, and herded into their coming 'Draconian Solutions' that'll attempt to erode even further our scant remaining wealth and freedoms then.

If any have trouble imagining such extreme evil intent could even be possible, understand that that is a common vulnerability of most all good and moral people throughout all of history, as most have had little personal experience with the extreme heights of arrogance and all consuming lust for power that is the hallmark of truly evil people who know no common and decent moral restraints.

Got God, Grub, Guns & Gold?

Panic Early, Beat the Rush!

- Shane

shane said:

I'm convinced TPTB will do anything to avoid being blamed for this coming monetary collapse, created by the Federal Reserve, so as to still be firmly in power for their next planned phase.

For that reason, I'm more concerned than ever about the following, that I've shared here before, coming to pass...

TPTB and Federal Reserve would rather us think and accuse them of being stupid and inept, than for too many of us to start getting a clue that they know exactly how their policies have, and are, dooming the dollar, our families wealth, and our current taken-for-granted freedoms.

They know what's coming and that it's now inevitable and irreversible, though they try desperately to stall that 'Day of Reckoning' to their best advantage.

The highest levels there also know that with that eventual collapse, and when enough people are eventually suffering sufficiently hard/long enough from it, that most people then will also more eagerly embrace any new 'Draconian Solutions' they then later offer up for our supposed relief.

BUT, ONLY IF not too many of us had first caught on that their failed policies had caused all that personal financial panic, loss & pain to begin with!

It's essential, they know, if they are to stay in power afterwards, that they not also be blamed by the public then for that crisis, that only a handful now know they had actually caused and allowed.

For that reason, I fully expect, before the dollar, economy, and markets really fully implode, to where TPTB and FedRes might begin to get their rightful blame for having caused it all, that we will see instead an 'event' unleashed first with which the media, and eventually even history itself, will then blame for that subsequent (impending regardless) economic/financial/dollar collapse.

Nuke terrorism, severe energy crisis, war, pandemic, something/anything, to which then the public can be pointed to it as 'the real cause' for that 'unexpected' economic/financial/dollar collapse, that we all here knew was coming anyways.

Prep for it (Beans, Bullets, Bullion & Bible) to both survive that event itself, and the financial panic, and to better avoid being later panicked, stampeded, and herded into their coming 'Draconian Solutions' that'll attempt to erode even further our scant remaining wealth and freedoms then.

If any have trouble imagining such extreme evil intent could even be possible, understand that that is a common vulnerability of most all good and moral people throughout all of history, as most have had little personal experience with the extreme heights of arrogance and all consuming lust for power that is the hallmark of truly evil people who know no common and decent moral restraints.

Got God, Grub, Guns & Gold?

Panic Early, Beat the Rush!

- Shane

Click to expand...

http://www.youtube.com/watch?v=DetY35bQVAk

omfg Moggy... that chart made me ill...

Huntur said:

omfg Moggy... that chart made me ill...

Click to expand...

+1

And the technical indicators above and below it are not pointing toward any change in the trend.

FLF

.

Sliding: Dow down 157.

MF Global getting killed, down 38%.

Oil rebounding up after a brief decline: +1.56

Still not too late for that fun read, The Creature From Jekyll Island.

The more who know who to blame, the better. Even now.


Do yourself a favor, if you haven't already.

Can someone with talent post the chart and indicators from moggy's link to this thread? Some folks may decide not to click it and miss the visual impact it provides that should have us all setting our hair on fire right now.

It's important that we have solid info like that chart to show to our DGI family and friends, IMHO.

FLF

.

Here:

There could be further downside for the DOW on Thursday and Friday.
If 12000 is broken decisively on either of those days, we could have a Black Friday or a Blue Monday.

------------------------------------------------------------------------------------------------------


Life After the Oil Crash

Deal With Reality or Reality Will Deal With You
Home Book Store Multimedia Preparedness Store Breaking News Blog & Archives Prepare Letters About & Contact Discuss
Dr. Richard Duncan: The Peak of World Oil Production and the Road to the Olduvai Gorge (PDF Format)


http://www.lifeaftertheoilcrash.net/

Civilization as we know it is coming to an end soon. This is not the wacky proclamation of a doomsday cult, apocalypse bible prophecy sect, or conspiracy theory society. Rather, it is the scientific conclusion of the best paid, most widely-respected geologists, physicists, bankers, and investors in the world. These are rational, professional, conservative individuals who are absolutely terrified by a phenomenon known as global "Peak Oil."

Oil making a move again:

+2.56 to 136.57

Remember, for a bank to declare that such an event is even thinkable means that they probably have some info that we don't have....such as the true inflation rate.

Click to expand...

mabey a little bird told them: (this snipe is interesting from, http://www.telerate.com/article/newsOne/idUSN1543260720080615?pageNumber=2&virtualBrandChannel=0)

Among those present at the private meetings with the New York Fed were: Goldman Sachs, Merrill Lynch & Co Inc, Morgan Stanley, the Royal Bank of Scotland Group PLC, Societe Generale, UBS AG and Wachovia Corp, Bank of America Corp, JPMorgan Chase & Co and Citigroup, according to the New York Fed.

TY, mzkitty. FLF