Posted on 10/15/2014 3:59:26 PM PDT by Kartographer
According to Ameduri, if the market breaks under the technical levels in the area of 15,000 points on the Dow Jones, we could be in for a serious crash.
“Below 15,500 on the Dow and it could get ugly,” he says. “Below 15,000 and all bets are off.”
BREAK
“If it drops below 15,000 points I would suggest people start buying food and ammo, because this depression is about to turn nasty.”
(Excerpt) Read more at shtfplan.com ...
Why, for pete's sake? Those people work for scumbags like Goldman Sachs and their ilk. These people stole hundreds of billions of dollars from us, the taxpayers, in the faux "bailout" of 2008.
Quite to the contrary - open all the doors and generally maximize access to the roof. In fact, let's put diving boards on every roof on Wall Street.
I might just take time off work to get some pictures.
“Oh, good grief, wouldn’t 15K have been pretty freakin’ awesome just a couple years ago? What do people expect? You can’t just continue going up, it has to pop eventually. I am so sick of this nonsense.”
Correct. The Internet has allowed drama queens to spew multiple chicken little scenarios. They may be right eventually with one of them.
“If it drops below 15,000 I hope they block off the roof access and secure the upper story windows on Wall Street.”
All the key players will be long gone by then, leaving the JV team and the feckless politicians to fend for themselves.
I’m the last person you want to ask about how the market works. I still can’t understand where the $85 Billion a month has been going for 6 years and how the market doubled with so many people out of work and individual corporations showing stagnant earnings.
When black friday comes
I’m gonna stand down by the door
And catch the gray men
When they dive from the 14th floor
The DOW Jones Industrial Average is of just 30 companies. It is a poor indicator of what the market is doing. Here is a list of those companies. Imagine if all of them went bust. Both McDonald’s and Nike. Sure it would be unnerving. But destabilizing?
http://money.cnn.com/data/dow30/
A much better indicator is the S&P 500. 500 diverse companies that far more accurately reflect the economy as a whole.
It’s way past time to be stocking up. That call happened in 2007. The market was overpriced with almost no attractive PE ratio to be seen, and long term debt out the kazoo.
I’m not worried about the Dow until we hit around 12000, then it’s time to start monitoring and deciding which stocks you want to buy when there’s “blood in the streets” below 10,000 or even worse.
If you are not willing to buy then (selectively), you probably shouldn’t be in the market anyway. Also, never invest more than you are willing to lose. It’ll help you sleep at night, and keep you from turning a paper loss into a real loss.
And the only guy I know that called bottom was "Dougie Kass". I'd like to hear his take now.
This time it is not just Euro headwinds, we are dealing with an ugg-known of Ebola, and if it gets out of control, who flies or even want to go to your favorite grocer for a box of band-aides or detergent for your clothes...
A bit late to the party aren't we?
Like maybe 20 years late?
Not gonna happen. As long as there are zero interest rates, the big whigs on Wall Street will sell and buy to their hearts content. All I heard this morning was what a great time to buy cause there were a lot of bargains out there.
Negligble interest rates give them Carte Blanche to buy, buy, buy. It’s the herd mentality working right now.
I have never been one for individual stocks— but I have seen this cycle before.
Exactly. Ebola + ISIS can wreak havoc on the market. More to come IMO. But one has to put this in perspective. We are 10% down from all time highs in the market. Money should not be invested in the market that will be needed for at least 10 years. If a person cannot weather a 10-20% drop from all-time highs they have no business investing money. Unfortunately if one is unable to invest in the market they will have no chance against the ravages of inflation over time. Having said all that it will be a rocky ride for awhile because the potential costs of Ebola on the economy are stunning. Obama is going to get a lot of people killed.
Margin calls, everyone is playing with the House’s money.
The heck with that, put diving boards on em!
Probably because 15K corresponds to a technical support area where a lot of robot/HFT machines will throw in the towel and dump.
Been there—done that! Never-ending, and fun!
Paint targets on the pavement with points for each target—have some fun! Sell beer, BBQ!
Btw that is a mighty fine rifle...
Simple.
A small minority in America has sold what used to be American industry to the Peoples Republic of China.
Now Chinese make everything, and the profits go to China. A minority however goes to the owners of the companies, who thereby stay “profitable” even while fewer and fewer Americans enjoy any benefit.
Bring back jobs to America.
You do realize that there are several of these “experts” who predict a recession every week of their careers, right? Eventually they’ll be correct once.
If the Dow drops below 15,000, it’ll be a great time to but more stocks.
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