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CAUTION: Stock Market Crash /Collapse Dead Ahead Say Faber, Rogers, Dent And Celente
The Market Oracle ^ | 10-2-2009 | Mac_Slavo

Posted on 10/03/2009 8:33:18 AM PDT by 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]


TOPICS:
KEYWORDS: bho44; bhodjia; bhoeconomy; economy; jobs; stockmarket; stocks; third100days
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To: Jersey Republican Biker Chick

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...


41 posted on 10/03/2009 12:37:49 PM PDT by blackie (Be Well~Be Armed~Be Safe~Molon Labe!)
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To: blam

I have lost a bit of stock due a corporate bankruptcy.


42 posted on 10/03/2009 12:46:38 PM PDT by ImperialistDaddy
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To: pallis

I heard the dims this morning talking about another “bailout” only they wouldn’t call it that. The first one didn’t work, so their solution is to “throw good money after bad”. I guess all they know is how to spend OUR money!


43 posted on 10/03/2009 1:00:48 PM PDT by The Sons of Liberty (FUBO - When 0bama Fails, Freedom Prevails!)
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To: liberty75

LOL!

Post of the day!


44 posted on 10/03/2009 1:13:31 PM PDT by july4thfreedomfoundation (A Jimmy Carter got us a Ronald Reagan.....a Barack Obama will get us a Sarah Palin)
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To: I am Richard Brandon

Under Harvard’s golden boy, soon no one will be able to afford the ivy league schools. They can thank many of their former students for their future predicament.


45 posted on 10/03/2009 2:00:38 PM PDT by dandiegirl
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To: cowtowney
Catch the date this was written?

Gerald Celente, Futurist Fraud
Written by Edward Champion
Written/posted November 13, 2008

The media — or, rather, FOX News and conservative websites — is listening to Celente because he “predicted” the 1997 currency crisis in Asia, the subprime mortgage disaster, and the dollar dipping south. But Infowars, a website run by paleoconservative radio show host Alex Jones, is basking in this dystopic news like an AIG executive riding high on Uncle Sam’s dime. What’s particularly strange is that Infowars hasn’t bothered to quibble with Celente’s statements, much less point to any of his inaccurate predictions.

How does Celente do it? From Invest in Yourself by Mark Eisenson, Gerri Detweiler, and Nancy Castleman:

According to Gerald Celente, Director of the Trends Research Institute and author of Trends 2000, the key to tracking trends is to read two newspapers every day with a purpose — either The Wall Street Journal or The Financial Times, plus The New York Times or USA Today. Look for stories with social, economic, and political significance, be it about the difficulties older suburbs face or the current currency crisis. (You’ll know by the headline or the first paragraph.) Skip the stories that are purely human interest or that are about something that hasn’t happened yet (for example, a jury resuming deliberation on a sensational trial).

When a crisis does occur, tune in to the extra in-depth analyses that you’ll find in accompanying background pieces probably in more than one of the newspapers. Read them as though you’re a “political atheist,” Celente recommends — not for what you want or hope, but for what is really going on, not only in your own profession or industry, but for trends that may directly or indirectly shape the future.

Aside from the Dale Carnegie-style language here, much of Celente’s “suggestions” seem more like a series of guidelines on how to become a successful “futurist” predicting a good deal of generalist nonsense that scares the shit out of people, using language lifted from a newspaper story’s barebones and riding on a few hunches. Of course, it also helps to have an aesthetic touch — something along the lines of a desktop covered with 12 globes, just so you can impress a New York Times reporter who comes by to write a small profile. Since Infowars could not be bothered to perform even the most rudimentary act of journalism, the time has come to see if Celente’s record truly cuts the mustard. Here you have a history of a man who not only makes his living spouting this generalist nonsense at corporations, but who is listened to by the media. If we weren’t all scared shitless, this wingnut would be chased out of boardrooms and newsrooms with pitchforks.

46 posted on 10/03/2009 2:01:44 PM PDT by _Jim
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To: Enterprise

Both Noory and Bell are definitely Democrats. It’s amazing how their guests always manage to throw in something related to global warming or health to whatever subject their discussing. I get angry for 2 mins then go on enjoying the show.


47 posted on 10/03/2009 2:21:05 PM PDT by divine_moment_of_facts (“Cap and Trade bill tells us how to live.. Health Care bill tells us how to die.” Bauer and Rose)
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To: devane617
"I am buying a bit of Gold on Monday. Starting to redistribute assets."

Good move: just look at the incredible run gold had since 1981. And, if you add the dividends that gold brings, it becomes a real winner.

48 posted on 10/03/2009 2:26:14 PM PDT by TopQuark
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To: divine_moment_of_facts
In the early days of Art Bell, he would discuss politics at length, and he would let both sides debate on the air. Noory pretty much let a lot of Bush bashing go on, but he seems really tepid about the ongoing scandals in the Obama administration. Art Bell would have let guests and callers discuss things like porkulus, stimulus, ACORN, the Olympics, Obamacare, and the takeover of the banks and GM by Obama.

When Chicago lost the bid for the Olympics, Obama didn't start off with it as a lead. A couple of minutes later, when he did mention it, he gave it one line.

Many many things of great national importance somehow go by the wayside on Noory's show. He should be ashamed of himself.

49 posted on 10/03/2009 2:41:10 PM PDT by Enterprise (When they come for your guns and ammo, give them the ammo first.)
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To: The Sons of Liberty

“I guess all they know is how to spend OUR money!”

Actually, it’s not our money. It belongs to our kids and grandkids, but by the time the NeoComs work their magic, future generations will have to sell the Third World mess that is left to China. The whole nation will be too impoverished to care. Additional bailouts won’t fix a thing. The money can go to the power brokers, and prop up the stock market for awhile, but without growth it will be unsustainable. This anti-growth administration isn’t likely to do what is needed.


50 posted on 10/03/2009 2:41:42 PM PDT by pallis
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To: Enterprise

Noory is a ‘go along to get along’ kinda guy.. He is too damn nice to those who don’t deserve it. Art comes from a military family and he won’t interview nuts like Alex Jones, but I lost a lot of respect for him when, on air, he begged Obama to help him get his wife’s visa straightened out. He kept saying over and over again how he voted for Obama.. I was embarrassed for him. Alas.. I still enjoy their shows.


51 posted on 10/03/2009 3:11:40 PM PDT by divine_moment_of_facts (“Cap and Trade bill tells us how to live.. Health Care bill tells us how to die.” Bauer and Rose)
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To: divine_moment_of_facts

HA HA. I still listen too. I am usually asleep before the first hour is over.


52 posted on 10/03/2009 3:13:05 PM PDT by Enterprise (When they come for your guns and ammo, give them the ammo first.)
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To: pallis

Meanwhile the next liberal generation is applying to graduate schools.


53 posted on 10/03/2009 4:18:25 PM PDT by Boardwalk
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To: Enterprise

Obama reminds me of the Twilight Zone episode of the little boy (played by Billy Mumy) that would send you to the “corn field” if you didn’t agree with him....So everyone would tell him how wonderful he was just to avoid being sent to the corn field...it was really creepy


54 posted on 10/03/2009 4:24:38 PM PDT by free-n-TX (He's NOT MY PRESIDENT!)
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To: Kartographer
The actor pictured here, Mark Lester, claims to be the biological father of Blanket, Michael Jackson's youngest child.

He was asked for sperm by MJ some years ago.

55 posted on 10/03/2009 4:32:13 PM PDT by happygrl (Hope and Change or Rope and Chains?)
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To: Black Birch

Black Birch wrote: “However, we have a president and congress that are anti small business, anti energy, and anti fill in the blank.”

That was also true in 1975 (Democrats had a veto proof majority in the house and 61 seats in the senate). The market was up over 30% in 1975 and growth was 4%+. When you have the cycle going in your favour, it can cover a lot of policy mistakes.

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.


56 posted on 10/03/2009 4:49:22 PM PDT by Reverend Wright (Hussein Obama: Senator Vacuous... President Vainglorious)
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To: blam; AdmSmith; Berosus; bigheadfred; Convert from ECUSA; dervish; Ernest_at_the_Beach; ...
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.
Crude was dropping sometime this week, haven't checked since.
57 posted on 10/03/2009 5:34:05 PM PDT by SunkenCiv (https://secure.freerepublic.com/donate/__Since Jan 3, 2004__Profile updated Monday, January 12, 2009)
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To: liberty75

Shatner? Looks more like Jeb Bush!


58 posted on 10/03/2009 5:43:31 PM PDT by rfp1234
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To: cowtowney

Bashing him for good reason. Have you heard him yap about how he wants to shape this “revolution” with the far left and libertarians and how conservatives - the right - are a bunch of racists? Bash, Bash, Bash, the nut!


59 posted on 10/03/2009 6:13:05 PM PDT by SaraJohnson
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To: divine_moment_of_facts

Thanks for the heads up. That may be interesting fodder to nag fox news about.


60 posted on 10/03/2009 6:16:44 PM PDT by SaraJohnson
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