I hope I am wrong, I think the markets could take another 20% haircut before end of year and another 50% next year.
I think you are about dead on.
Posted on 09/28/2015 12:24:40 PM PDT by GilGil
From Bloomberg:
U.S. Census Bureau data out Wednesday underscore just how lousy the recovery has been if you aren’t rich.
Looking at eight groups of household income selected by Census, only those whose incomes are already high to begin with have seen improvement since 2006, the last full year of expansion before the recession. Households at the 95th and 90th percentiles had larger earnings through 2014, the latest year for which data are available.
(Excerpt) Read more at libertyblitzkrieg.com ...
That would be in keeping with all the economists I read.
Thanks to government manipulations of the market, a lot of sectors became unsustainably over priced. Their falling, once cash was no longer being injected pretty much became an inevitability.
Well, that will be my excuse to go buy some more ammo this week.
I’m no expert, but I think things are far worse. Sure feels like a depression to me.
Does this mean you are buying puts, short etc.?
Looks like my timing system will have me on the sidelines in a few days.
Yes! I buy options and am doing puts only.
I am so cautious that I take my money for the day and have nothing in overnight. I will be this way until the end of the year.
Ping.
Check this out:
Goldman: The Options Market Says the S&P 500 Is Poised for a Major Move this
http://finance.yahoo.com/news/goldman-options-market-says-p-102847225.html
It will be far worse than the first one when it finally rears its ugly head for all to see.
And to top it off, one can barely have a garden, if at all. And few of the past two generations know what to do.
Add it that the Bible is basically unacceptable to many and you have a perfect storm - for the Antichrist to step in.
Oh, I’m sure a lot will scoff at such a silly notion. Or some have heard it all their lives. Well, sure.
But NOW things are better. Yeah, that’s the ticket.
Your title was cut off
I suspect people will find religion by the millions with these coming times not because they believe but because they want to pray for a new Mercedes Benz as Janice Joplin used to say.
https://www.youtube.com/watch?v=Qev-i9-VKlY
This is why people will look to religion.
Some will. They will take the Mark of the Beast. And be cast into the Lake of Fire forever. Revelation chapter 14 (for lurker’s reference).
Some will realize during the Tribulation that the 666 thing wasn’t just some old fable. They will pay with their lives.
And live forever for refusing the Mark of the Beast.
They lied about this over and over.
How many times did MSM report the, “Economic recovery was well underway.”
Tokyo Rose would be proud.
I know things are not well, personally. I haven’t had a pay raise in five years. My wife had the gall last night to suggest we get food stamps. I’m almost considering it....I’m sorry.
I hope I am wrong, I think the markets could take another 20% haircut before end of year and another 50% next year.
I think you are about dead on.
Oh, I can guess......
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