CAUTION: Stock Market Crash /Collapse Dead Ahead Say Faber, Rogers, Dent And Celente

The Market Oracle ^ | 10-2-2009 | Mac_Slavo

[blam]

CAUTION: Stock Market Crash /Collapse Dead Ahead Say Faber, Rogers, Dent And Celente

Stock-Markets / Financial Crash
Oct 02, 2009 - 09:33 AM
By: Mac_Slavo

After a massive upswing in US stocks over the last six months, the recent rally may finally be coming to an end. It seems that the trend of rising stocks on bad or better than expected news may be in a reversal, as evidenced by market participants’ caution over the last couple of weeks. For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise.

Marc Faber, publisher of the Gloom Boom & Doom Report, advised his subscribers and followers to take positions in US tech stocks, the banking sector and hard assets at the bottom of the markets in early March of 2006. However, he did provide a word of caution on March 16, 2009, making it known that while he was a short-term bull on stocks, that eventually, the economic fundamentals would catch up:

“probably a total collapse in the second half of the year when it becomes clear that the economy is a total disaster.”

[snip]

[SeattleBruce]

Yeah, I remember that episode...perfect.

[cherry]

when you buy gold coins, what do you buy, do you pay in cash, do they keep a record, and how much is the markup normally?

have to warn everybody, once I start buying gold, the whole gold market will crash....anything I touch crashes..

[MSF BU]

I guess I am following him on the lawn prediction. I like gardening, planting fruit and nut trees etc. I don’t have lettuce replacing the lawn but not much money goes into it and I have a large garden.

[cherry]

Dent IIRC asserts that because of demographics......the boomers aging mainly...that the whole consumer bandwagon will change...fewer cars needed nor wanted, fewer people jumping from house to house, fewer household items needed, etc...boomers would tend to put their money in low risk investments, not stocks....

but lots of people have talked about the cylical nature of the economic system and we were at the end of a long expansion that lasted like 17 yrs and now we're into a cylical downturn....

but the other side of me says its Dodd's and zeros and barney fifes doing and Soros...may God judge him sooner rather than later....

[Globalist Goon]

If Celente goes on CNN, does that give him credibility?

[_Jim]

I guess I am following him on the lawn prediction

I need to put some tomatos out in the front yard, some corn along the fence in the backyard, and maybe strawberries along side the house ...

[MSF BU]

Eh, I’ll stick to the garden and simply not put any effort into the lawn aside from mowing and occasional fertilizer.

[Frantzie]

I read it in his book. Know he nailed it because he looked at the correct thing: demographics. Also see Wm Struss and Lowe’s book The Fourth Turning.

[Frantzie]

Do you know anything about Faber or Rogers? Do you know why no one in their right mind would invest foreign capital in their right mind in The United States of Zimbabwe?

I did a paper 22+ years ago for a grad class on foreign investment. I got Zimbabwe when Mugabe was a LOT more benign. He was sort of like Obama. My conclusion was no effing way invest a penny because things were going to fall apart. I never dreamed Zimbabwe would end up this bad..

If foreign capital and aka “smart money” is avoiding America due to the islamo-marxist then keep dreaming about a bull market.

[WOSG]

Celente’s latest “prediction”: the revolution is coming and it is going to end up with “progressive social with a free market economic ideology.” The “right” (conservatives, 40% of the country) are racists according to the libertarian future teller who calls himself a political agnostic. Celente is a libertarian and they are trying to kill the Republican party so they can replace it with themselves. So all their spit is directed at debasing conservatives and forming bonds with the Marxists on the common amoral social ideology they share. Very defeatist and odd.

It is VERY defeatist and odd ... BUT it explains ALMOST EVERYTHING in terms of the current rage-against-the-populist-right that the elites are on ... THEY HATE PEOPLE WHO ARE OUTSIDE THE SAFE BOUNDARIES.

[WOSG]

At the beginning of the year I thought the year-end price would be 9600 Dow. I stand by that prediction.

These so-called futurists are BS artists, they play the same tricks as astrologers. Dont fall for it.

If they know a crash is coming ... are they short? Lots of shorts got killed in the last 5 months.

[smokingfrog]

     

[WOSG]

Fly in your ointment - we wont have a rebound. unemployment will be higher in 2010 than it is today, and growth will be tepid. (2-3%).

imho the stock market and the economy both are going sideways.

[WOSG]

See #31. How could Dent ‘nail it’ in 1993, then forget it in his 2006 super bullish book?

sounds more like a trend-follower.

[montag813]

Jim Rogers is the only one of those with major credibility. He said to sell all stocks more than a year ago, and predicted the entire commodities market boom 6 years ago.

[EVO X]

I’m with Kudlow, I expect a strong Q4 and a good Christmas. Based on rebound from the recession, not anything that Obama has done.

We've had a pretty good dead cat bounce already. Hope your right..

[jpsb]

This Christmas shopping season will tell the story. If it is very bad then it’s depression time for the USA.

[EVO X]

These so-called futurists are BS artists, they play the same tricks as astrologers. Dont fall for it.

I'd like to remain positive, but there is a real possibility that we are replicating Japan or something similar. Many "experts" said it could never happen here, but it looks to me like it is. We had a big real estate bubble collapse out west and in Florida. Fannie, Freddie and several big banks are zombies, etc...

[Conservativegreatgrandma]

Heard it. The guy was alledging that those making megabucks need to be taxed at ninety percent. That will create employment. We have to narrow the gap between haves and have nots.

I never once heard him talk about the rate at which the mega-rich are now being taxes.

His message of covetousness is an easy sell. I, too, don't understand the reason for rewarding these people with multi-millions but he didnt' convince me that he knows anything about building a prosperous economy.

[dools007]

I’m happy to say I saw this coming two months and repositioned accordingly. Reduced stocks to FDIC insured amount, got rid of my losers and bought some metal (gold/silver).

That said, I’m really hoping I’m wrong because of all the obvious reasons. Plus I’m trying to sell my and get out of NJ. The important thing is that I’ve positioned myself as best I can for whatever happens over the next three to four years.

The reality, IMHO, is that the US economy will not even start to get well until The Marxist Onada and his band of angry commies are out of the WH and all his policies are dismantled.