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]

[Proud_texan]

"we are replicating Japan"

That has been on my mind the last couple of years; crony capitalism, on the bubble on population replacement and unwilling to allow failing institution to die.

At minimum it could look an awful lot like stagflation.

[MrDem]

Reduced stocks to FDIC insured amount, Oh my! Do you the FDIC that is 50 billion in the hole as we speak? That FDIC? That's like buying a life insurance policy from some homeless guy you stumbled into on the street.

[EVO X]

That has been on my mind the last couple of years; crony capitalism, on the bubble on population replacement and unwilling to allow failing institution to die.

Paulson let Lehman Brother's fail and the results weren't what was expected. So now they are afraid to do anything with companies that have systemic risk.

[ex-Texan]

It is pretty obvious to all who understand bear market rallies. If you don't understand you are at risk. LOL, LOL !

Please check my freeper page for more helpful information. Or not. Whatever . . .

[Drango]

Please advise us if you are selling short....

[stephenjohnbanker]

“I stocked up on gold coins a while back, I’m going to purchase some silver rounds next.

I have good supply of firearms and lotsa ammo...”

I call that one prepared FReeper!

[stephenjohnbanker]

“Please advise us if you are selling short....”

I am. Right now, it is merely a question of what, and how much.

[blam]

This Recession Ain’t Over

[dools007]

I may be naieve, but I think even the bunch of Marxist clowns occupying the Marxist Clownmobile called Washington, DC, will take pause before screwing that up. That will lead to violence.

[blackie]

I buy 1 oz gold coins with a check from a local dealer, sure they keep a record; it’s a legal business. Check with your dealer for markup %.

Gold will always be worth something.

If you’re so worried, stay in the fetal position with the covers pulled over your head.

[blackie]

[blam]

The FDIC Is Broke. Now What? (Part I)

[GOPJ]

You're right - don't want ACORN running health care - it's one of the things that will bring about the United States of Zimbabwe...

[hinckley buzzard]

If these mutt turd losers are saying crash then you know it’s time to buy.

mmm...I wouldn't do that if I were you...

[DogBarkTree]

Purely rhetorical I assure you. If I had the money to spare Id put it in gold and ammunition.

[hinckley buzzard]

Gotcha. I don't follow any of these wizards but I know a little history, having been around awhile. Here's what I think. We are due for a downward correction, at least. If this is a real beginning bull market, the correction will not approach the old lows of March. If this is a bear market rally fizzling out, then look out below.

[divine_moment_of_facts]

True.. He failed to mention the Top 50% of Earners Pay 96.54% of the taxes and the poor pay none.. In fact they get money back.

He doesn't get that it's none of his or the Governments business how much people make.. It's common knowledge that punitive taxation will only cut jobs.

We have Charities and from what I see Charities do a much better job than Government at helping people in need.

[Drango]

If these mutt turd losers are saying crash then you know it’s time to buy.

Notice than when the posters here are asked if they are selling short...they all dance or obfuscate. If they knew what was going on, or could market time, they would be millionaires billionaires.

TALK IS CHEAP.

[WOSG]

“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.”

I agree with the ‘big L’ japan-like scenario. That is, we grow but tepidly. There are not good drivers of growth out there and a lot of balance sheet repairing to do.

This is all guesswork and you can find more bearish and more bullish prognosticators out there, each with their favorite data points.

[WOSG]

“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.”

I agree with that.