Monday, August 24, 2009

Imminent Stock Market Crash

This is an alert that a stock market crash is imminent in the TSX, Dow, and other global stock markets.

Get out now before it's too late! Safety can be found in gold, silver, and bonds.

It is imperative that you take cover now. The coming weeks will be turbulent to say the least. The crash will start Wednesday or Thursday of this week.

Get out of long positions. REPEAT: Get out of long positions! I don't care if you're invested for the long term.

The Dow is going to 2300. It will be a stomach-churning ride if you have any money in the stock market.

Forget all the rosy nonsensical predictions made by Bernanke & gang. The US is in a depression. 34 million are on food stamps. Dow 9500 just doesn't reflect that reality.

The FDIC went bankrupt on August 14, 2009!

You have been warned.

August 24, 2009 2:03 AM Eastern Daylight Time

Comments [5] - Trackback
Commentary | Finance | News

Monday, August 24, 2009 3:49:43 PM (Eastern Standard Time, UTC-05:00)

Yeah, things look grim, and there is no recovery in site, but what makes you think we're going to have a drop that big that fast in a few days time?

Syrin

Tuesday, August 25, 2009 12:11:42 AM (Eastern Standard Time, UTC-05:00)

It's not going to be 9500 to 2300 in a few days. 2300 is a longer term target. Rather, it's going to be a big (>1500 points) correction.

The reason I'm so confident that it will happen is simply the fact that we have not seen a correction in the Dow since March. It has been rallying continuously since then. Typically, stock market rallies lose steam after several months, and then the fundamentals kick in.

Here is an indisputable fact: The fundamentals are worse than they were in September, 2008.

admin

Thursday, August 27, 2009 7:52:32 PM (Eastern Standard Time, UTC-05:00)

So the high today was the beginning of the crash?

Mike

Friday, August 28, 2009 12:46:49 PM (Eastern Standard Time, UTC-05:00)

Yes, Mike. Every crash starts from a high. Without getting too philosophical, I think the crash will unfold over the next 2-3 weeks.

admin

Saturday, September 26, 2009 6:02:44 PM (Eastern Standard Time, UTC-05:00)

Very informative and enlightening website.
I am from Tuvalu and learning to write in English, give please true I wrote the following sentence: "Columbia later replaced the adhesion."

Thank :p Thea.

Thea

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