bracketquant
Veteran Member
Wanna know what I think of middle digit-al dollars?
First line of defense for the Bulls is at Dow 34,006 or (c) (iv).
If that breaks next point of support is at Dow 33,271 or (c) (ii).
If both are breached, odds are 80/20 that the "mother of all" Bear markets has begun.
Um, we are looking at nuclear exchanges between Russia and the West, as the US embassy packs up to leave Kiev next week. We are looking a global conflict on the scale of World War Two. I'm afraid economics no longer play a factor.
I chuckle at some of the forums I lurk on. Before the market started a downturn if you told them to beware they mocked you something fierce. Now they are bemoaning their losses and complaining about what is going on.
Yes I was constantly mocked for my dire predictions.
Both actual war fueled by the rumors of war(and actions on the ground) are shutting all major world economies. Shortages....empty food shelves...huge petrol increases...spotty medical care ARE IN THE CARDS. The result of all these events will cause THE MOTHER OF ALL DEPRESSIONS in the coming months.
Prediction: Firewood prices will go through the roof.
When all is said and done I am expecting a 20-30 percent decline in equities in the next few months.
I am not giving out my prediction because few could believe it and I always got stupid remarks.
I am open to opposing views concerning the markets and the economy..
HAVE AT IT..
Personally I value your input. I sometimes do not agree with you but you are obviously a thinking man so it would be wise to at listen to what you say.I am not giving out my prediction because few could believe it and I always got stupid remarks.
I am not giving out my prediction because few could believe it and I always got stupid remarks.
Yes I was constantly mocked for my dire predictions.
First the time scale is over two years; this will not be over with in a couple of days or weeks.
No market goes either straight up or straight down. It's more like three steps forward then one step back.
Many people believe in crazy conspiracy theories.
The historical scale of this event is mind blowing.
Other than an outright prediction ...what is your gut as to where we are headed?
First the time scale is over two years; this will not be over with in a couple of days or weeks.
No market goes either straight up or straight down. It's more like three steps forward then one step back.
Many people believe in crazy conspiracy theories.
The historical scale of this event is mind blowing.
First the time scale is over two years; this will not be over with in a couple of days or weeks.
No market goes either straight up or straight down. It's more like three steps forward then one step back.
Many people believe in crazy conspiracy theories.
The historical scale of this event is mind blowing.
It can be looked at many different ways ... even a broken clock is correct twice a day and eventually all things happen at least once.
But the truth is that people win because other people lose and vice versa.
The new rich (neuvo riche) grew during the Great Depression. Not everyone crashes at the same time. Being willing to take a loss can mean huge gains in the near term and/or long term.
It is all in whether you have the stomach and the resources for the ride ahead of you.
The market has smashed through the first support level, increasing the odds of a Major Bear market starting.
At this posting, Dow down over 700 points or over 2 percent.
Will the second level hold?
Yes, a very few smart traders made a fortune during the 1929 to 1932 crash, but you need to know what to own and what to avoid.
It wasn't just that. You have to know what to buy, sell, and hold in hard goods. And/or how to be a middle man and then access future "riches" by buying what others are selling now. I've toured a lot of really nice homes that were decorated with stuff the wife bought from others during hard times. People would come to the back door with their heirlooms to sell. Give them a fair price for something basically worthless during that period and down the road you look like a freakin' Rockefeller. Of course there will always be those that say you gained your wealth by being "unfair" to others or taking advantage of someone down on their luck. Gonna have to decide how you are going to look at surviving.
The market has smashed through the first support level, increasing the odds of a Major Bear market starting.
At this posting, Dow down over 700 points or over 2 percent.
Will the second level hold?
I watch a movie about a nuke war between Russia and the US and Britain set in 1983 last night. The movie is called "Threads" and is free to watch on YouTube. I highly recommend it but it is not for the faint in heart. It's about 2 hours long.
I am not giving out my prediction because few could believe it and I always got stupid remarks.
Oil and gas stocks still doing well......
And, make sure that future laws have sunset provisions.
intothegoodnight
First line of defense for the Bulls is at Dow 34,006 or (c) (iv).
If that breaks next point of support is at Dow 33,271 or (c) (ii).
If both are breached, odds are 80/20 that the "mother of all" Bear markets has begun.
"The historical scale of this event is mind blowing"...
.. would compare what's happening now to the FALL OF ROME ....double time.
Oh.....good.
The fall of Rome took, what....3-400 years ?
We got PLENTY of time !!