Skip to comments.New Doomsday poll: 98% risk of 2014 stock crash
Posted on 07/02/2013 10:34:39 AM PDT by An Old Man
By Paul B. Farrell, MarketWatch SAN LUIS OBISPO, Calif. (MarketWatch) Yes, 2014 is an absolute total disaster just waiting to ignite. In Doomsday poll: 87% risk of stock crash by year-end we analyzed 10 major crash warnings since early this year. Since then, more incoming bogies raced across our radar screen. Ticking time bombs from Congress, the Supreme Court, sex, carbon emissions, Big Oil, NSA, IRS, Tea Party austerity. Relentless. Mind-numbing.
Shutterstock Ticking time bombs from Congress, the Supreme Court, sex, carbon emissions, Big Oil, NSA, IRS, Tea Party austerity.
So many are tuning out. Denial. Truth is, bubbles are everywhere. Ready to blow. The evidence is accelerating, with only one obvious conclusion: Max 98% risk at a flashpoint. This 2014 crash is virtually guaranteed. Theres but a narrow 2% chance of dodging this bullet.
Here are the 10 bogies, drones targeting markets, stocks, bonds and the, global economy:
(Excerpt) Read more at marketwatch.com ...
Enjoy it while you can!
Get ready. Buy food and fuel in advance. You won’t be sorry.
Don’t forget the ammo, if you can find any.
Guns & ammo, too. If you can’t protect it, you don’t own it.
There will be sex in 2014? Hopefully Papa Obama will have a program for us underprivileged in that arena! ;)
(I should shut up, or else they might try...)
98% crash Ping.
It is interesting, but they lost me on item number 7 with the Tea Party forced austerity BS and the lack of discussion concerning the complete loss of faith in government due to horrific and growing government scandals.
Yep. Not sure what is their definition of a “crash”. At any point market can go up or down 5, 10 or 20%. If you cant risk that then get a 1% CD or cash out. The PE is a bit over 15 so it is not overvalued. The problem is bad govt policies. I maintain some in mkt to offset inflation. Younger people should have more if they can ride out a storm that could happen at any time.
hmmmm 98% seems pretty certain.... color me just a little skeptical. But then again I thought there was no way Zero would win a second term... still 98% really??
God help us.
These clowns have been predicting an imminent crash for the last five years. They offer all kind of proof with graphs and such but they have been wrong again and again. I believe there may be another recession perhaps even a severe recession but the rest of the world is in much worse shape than the United States.
Expect Bush or the GOP to get the blame. Heck, maybe even global warming!
As a daily reader of MarketWatch, I can attest to the fact that Paul Farrell is well known by regular site visitors for being wrong on just about everything that he predicts. Not that a stopped clock isn’t right twice a day, but this fellow has a really bad track record, to the point that those posting comments about his articles can be merciless.
Is he still blaming everything on Reaganomics?
Seriously? Japan? Latin America? Africa? Europe? I'm not seeing it.
For inexplicable reasons, I misread your post as the exact opposite of what you posted (better versus worse), please disregard my prior post. If you respond to it before you read this, I will regard myself well chastised for my poor reading skills ;-)
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