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 ...
Preppers’ PING!!
I never stopped buying either.
“If it drops below 15,000 I hope they block off the roof access and secure the upper story windows on Wall Street.”
I don’t. A LOT of those b@stards deserve a quick trip down, stopping at cement! ;)
Why? Why is he putting it at 15,000? Why not 10,000?
The stock market is one of the only good thing going for the Dem. That tanks they are done for.
FED QE buybacks end in October, coincidence? Nope, the Wall St. junkies and riverboat gamblers are telling Uncle Sugar (aka The FED) that they better not cut off that free money supply ... or else. So far, every time the junkies have done this, Uncle Sugar has blinked and started pumping the free money back into their veins. Unfortunately, Uncle Sugar has 4.5 trillion dollars of toxic assets on their books in exchange for this free money and has now become the largest hedge fund in the world. Maybe just maybe, the Wall St. junkies are actually going to get told “NO” and we can finally watch a free market work.
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.
Yeah, but if goes to 11,000 or 10,000, then stocks are a good buy.
“If it drops below 15,000 points I would suggest people start buying food and ammo, because this depression is about to turn nasty.”
Start buying? You mean KEEP buying ;-)
“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.”
It is just laughable.
Some people here desperately hope for some civil collapse either economic or from Ebola, so all of that stuff they’ve been storing in their basement for years can be usable.
The market going below 15,000 isnt going to lead to anything noticeable to most people anymore than real market crashes in 2008, 2000, and 1987 didn’t lead to much more than discomfort for a brief period.
>>Yeah, but if goes to 11,000 or 10,000, then stocks are a good buy.<<
It doesn’t have to go that low.
I expect bargain hunters to move in on Monday after they can spend the weekend looking at the Financials.
If the fundamentals are sound I expect to see a brief buying frenzy.
Today he was interviewed by Stuart Varney and he said he thinks this is the start and expects the bottom to be around 7,000 - maybe by the end of the year.
In other news: Cheaper than Dirt is having a guns and ammo sale at rock bottom prices!
Do you have any particular suggestions? CVX might be worthwhile if it drops below 100, or POT if it goes under 30, or VZ in the low 40s. Those are quality companies with steady earnings.
“Start?”
Stared that years ago.
Stared = Started
If the down went to 7000, good companies would be trading at 8 or 9 times trailing earnings, and paying dividends of 6 or 7 percent.
How could it go that low with all the cash available for investment? The only time that happened was March 2009, when big institutions were desperate to raise cash.
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