WALTER ZIMMERMAN: Every Indicator I Follow Shows The Market Is Going To Tank,New Financial Crisis

TBI ^ | 2-28-2013 | Sam Ro

[blam]

WALTER ZIMMERMAN: Every Indicator I Follow Shows The Market Is Going To Tank, A New Financial Crisis

Sam Ro
Februaru 28,2013

The stock market is within points of hitting an all-time high.

However, there is no shortage of experts who are waving red flags. Earnings expectations have been falling, profit margins appear to be unsustainably high, and sentiment is so high that it seems investors are being complacent about the risks.

"Every reliable technical tool is warning of major peaking action," said Walter Zimmerman, the senior technical analyst at United-ICAP. "This includes sentiment, momentum, classical chart patterns, and Elliott wave analysis.

"Most of the rally in the stock market since 2009 can be chalked up to the Federal Reserve’s attempt to create a ‘wealth effect’ through higher stock market prices. This only exacerbates the downside risk. Why? The stock market no is longer a lead indicator for the economy. It is instead reflecting Fed manipulation. Pushing the stock market higher while the real economy languishes has resulted in another bubble.

"The next leg down will not be a partial correction of the advance since the 2009 lows. It will be another major financial crisis. The worst is yet to come."

Zimmerman sent us a brief presentation laying out his thesis.

Click here to see the presentation →

[Red Badger]

Let’s all party like it’s 1929.........

[toddausauras]

And Obama’s in charge.

[GraceG]

Let’s all party like it’s 1929.........

We passed 1929 a long time ago, it has been propped up many times over the last 10 years...

When the collapse comes, it will be really BIG!!! and BAD!!!

[Red Badger]

For SOME people, not all. Those who have little or nothing will still have little or nothing. Those who have much will have a whole lot less than they have now..........

[Ouderkirk]

At this point it is about destroying the wealth of all americans. Inflate the stock market, let it crash, let inflation take care of the rest.

[tickedoffnow]

Good thing my order of bulk ammo should arrive tomorrow on my doorstep (yes, I watched the online distributors like a hawk and got lucky...).

Will add to my SHTF...errr...”stockpile”. Can’t have to much you know!

[hosepipe]

WHEN.. the EBT cards dry up.. there will be HELL to pay..
Flash mobs and Riots will proliferate.. “Civility” will die with a BURP!..

“Civility” right NOW.. is hanging by a thread.. one little thread..
Won’t take much for the “STHTF”.. welfare sequestration, food stamp sequestration, or Title 8 sequestration could do it..

People don’t need to go to CHAOS University to learn how to RIOT..
Every move Zero Obama makes, inches closer to the SHTF scenario..
Actually some think its well thought and PLANNED to happen.. ON PURPOSE..
And the federal gov’t will AID THE RIOTERS.. in the beginning..

[STD]

I wonder if there might be a connection to this article?

STUNNER! Obama Entering Jerusalem Same Day as JESUS DID! http://www.youtube.com ^ | February27 2013 | PPsimmons

Jesus entered Jerusalem on Nisan 10 and so will Obama

According to Joel Rosenberg, Obama is scheduled to visit Jerusalem on March 20 & 21, 2013:

Instead of singing Hosanas, the people welcoming Zero could chant He-Hosed-us in the Lowest

Obama coming to Israel March 20-21 to pressure Israel not to strike Iran, reports Israeli media « Joel C. Rosenberg's Blog

According to the Jewish Calendar Converter, Nisan 10 begins at sunset on March 20th and ends at sunset on March 21st:

Hebrew Date Converter - 10th of Nisan, 5773 | Hebcal Jewish Calendar

Jesus made His Triumphant Entrance into Jerusalem on Nisan 10:

The Last Eight Days, Part 1 | GraceThruFaith

http://www.raptureforums.com/forum/prophecy-end-times-chat/72871-jesus-entered-jerusalem-nisan-10-so-will-obama.html

[familyop]

Meanwhile, the USD is propped unnaturally high for the global situation, while other nations and proxies here (importers, all) start a currency war. Might seem great for some investors now, but it will be very short lived. It will shut down remaining production here and exports from here, and investments will be completely lost.

[AlexW]

Today’s market has nothing to do with reality.
It has become nothing more then a game for fat cats, such as Soros, with sophisticated computers doing the pump and dump.
It is no longer your father’s market.

[familyop]

When those investments I mentioned get hurt enough, BTW, so will go pensions.

[Uncle Miltie]

People don’t understand how explosive the EBT is.

Inner Cities are driven by EBT, and it’s completely unsustainable.

There will be an explosion some day.

[drypowder]

Sorry for being so verbose but maybe the ruling families who have reaped unimaginable profits on the fiat currency they’ve been selling to the US since 1913 should be made an offer they can’t refuse. Those few families have used those ill gotten profits to buy up tangible assets and most of the US and world’s gold and silver holdings and to control the world’s societies. Since their gains were ill gotten they should be given the opportunity to return it from whom they swindled it before they experience the wrath of KARMA. And then, don’t just audit but CLOSE THE FEDERAL RESERVE BANKS and reinstate the responsibility to the US government to print it’s own gold/silver backed currency. That is the only way to truly cut the puppet master’s strings from around the American’s necks. suggestion; search YouTube: All Wars are Bancksters Wars and read Griffin’s: Creature From Jeykell Island and Gary Allen’s; None Dare Call it Conspiracy. The PRIMARY reasons the US is failing us, it’s common citizens, will become very clear.

[BfloGuy]

Generally, in a central-bank-induced investment bubble, the market doesn't tank until the easy money is withdrawn. At the height of the bubble [where we are now], no one really cares about market fundamentals -- they're just riding the fake profit gravy train.

I suspect the rally continues until Ben "Gutenberg" Bernanke runs out of ink.

[blueunicorn6]

Watch CALPERS. If they get out of the market, watch out.

[Chuckster]

Note to self: Update trailing stops.

[bereanway]

Market began to breakdown on Tuesday. SP500 had dropped from 1530 to 1485 and the uptrend was in real danger. This past week, primarily Wed the 27th the Fed Permanent Open Market Operation pumped 5 billion into the market to cram the SP up some 20 points. Market sold off again today near the close and actually end down after being up all day.

This market right now is living on borrowed time. We’ve got a huge broadening top which is in the process of rolling over. All my technical indicators are flashing red. I’ve been short the market since about 1480 on the SP.

[aynrandfreak]

They say don’t fight the fed, I’m sure that strategy will fail, but it may be a while, and there’s more to be made on the upside in the meantime, if only as the bubble expands, I’ll move to cash only after the first 500 down day, which could be from Dow 17,000