Posted on 08/27/2014 9:16:01 AM PDT by Citizen Zed
The Fed's low interest rates could bring a "scary" 50-60 percent market correction, technical analyst Abigail Doolittle told CNBC on Wednesday.
"Unfortunately, I think it could come on a crash similar to what happened in 2007," the founder of Peak Theories Research said on " Squawk Box " a day after the S&P 500 closed above the 2,000 level for the first time ever. "It's tough to know what the exact catalyst will be. But that's the very nature of that kind of selloff. They start slowly and then happen very suddenly."
Doolittle pointed to a 20-year chart of the Dow Jones Industrial Average. "When we take the long-term chart of the Dow ... we see that it's trading in a multiyear trading range, hitting up on resistance. … What makes this so important [is] you can see that the entire bull market trend over the past five years has started to reverse.
(Excerpt) Read more at mob.cnbc.com ...
Of course your brokerage account cash could evaporate, too.
Fixed it for ya.
Sept 13, 2015.
I’m officially out of the market for the first time since the 1990s. Not by choice...
I cashed out 5 weeks ago.
.
Sept 13, 2015.
Why that particular date?
Just in time to blame it on a Republican president.
“Might be a good time to move to a cash position.”
The only US cash I would recommend moving to at this point is pre-1965 90% silver coins.
As I see it the stock market is being deliberately propped up to mask our economy’s ongoing collapse and keep the dollar viable. If the stock market crashes the dollar’s value will quickly do the same.
Not too specific mind you, but not too vague either.
And then if you're right, you are a genius. You will be in great demand as a speaker, and you will make a million bucks off of a book deal.
But if you're wrong, no worries. Your prediction will be forgotten soon enough.
In other news, dog bites man.
See tag line.
It’s funny how people think that the stuff that has been going on the last ten years and all the kicking of the can down the road will simply go on forever.
Like a family that goes deeply in debt, maxes out their credit cards and stops making house payments when dad loses his job and finally finds something that pays half as much - to the casual observer, nothing appears to have changed, except maybe their car was “stolen” a while back.
But the day comes where the sherrif drops by and they find themselves on the sidewalk with a couple of suitcases.
Western civilizatin is quickly approaching that day. And it is approaching exponentially. It will happen that fast.
Due to a divorce and temporary loss of job, I was forced to cash out my heavily stock invested 401K two months before the dot com crash. Who says the Lord doesn’t look out for us.
MF Global taught us all that didn’t they?
Thanks. I already had Oct. 8, 2014 marked ‘Sukkot-Blood Moon’ on my calendar.
Most people are in for some rude awakening.
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