Scouts Out! Cavalry Ho!
This is an example of how gamblers lose money when they think they found a system.
VERY MISLEADING!
The 1928-29 chart has a low of 200 and a high around 380. The market lost nearly half its value,
The 2014 chart has a high of 16,400 and a low of 12,400, or about 1/4 value lost, if we draw the lines in parallel.
That’s it! I’m cashing in my retirement funds and going off the grid.
-Jesse Ventura
I’m very suspicious of ANY market advice from people who are themselves heavily invested in the market. There are people right now who stand to make a great deal of money if the market goes down. Likewise if it goes up. I’m not saying these folks always have ulterior motives, but their own investments are likely colored by their view of the market. Meaning? They personally stand to gain if their predictions come true, and there’s a greater chance of their predictions coming true if they can convince others to join them.
I’m already out of stocks and holding cash.
Reminder to myself to buy lots of toilet paper before April.
The fed fueled gambling racket (aka: the stock market), is on the verge of going bust. And as with some European countries, bank accounts and retirement funds will be conficated, and draconian tax rates will be employed by the government to bail out the bank and business interests, again. Of course all of this will be blamed on the greedy 99%, while the 1% will walk away fom the whole mess they created clean as a whistle, all the while laughing at all of the idiots in government and the general population who fell for their bullshit plans for systematically looting the US economy. This is how soros made his fortune, and you’re an idiot if you think he couldn’t pull it off here.
Proves nothing. Predicts nothing.
If you want a better indication of what’s going to happen to the American business world, look at the team of law-breaking marxists currently collecting a salary at the White House.
It doesn’t take a weatherman to see which way the wind is blowing...
A Progressive Republican
followed by an Ultra-Progressive
Democrat.Then as now.
Hoover:He(Hoover) had also called on the Federal Reserve Board to raise interest rates, but the board lowered them instead, thus fueling a stock market boom in the two years prior to his presidency.Hoover and the Great Depression
And if it crashes the main effect we non investors will see is that all that inflation that the FED has built into the money will start appearing big time in the prices we pay for food and everything else. The current 9% or so real price inflation will jump up.
Be thankful that George Soros is past 8- and that he doesn’t live to be 105.
get money out of the banks .... market crash is one thing but bank holiday is another... what about the 200 trillion in derivatives floating around... there is no way the financial markets can handle a stock market crash today. the QE tightening has a multiple ripple effect through the system and it is not positive. why did dhs buy 1.6 billion hollow point bullets.... not for target practice...
bkmk
thanks for posting this.
the USA was in far better financial condition in 1929. In fact the government had no significant debt at all. Nor did the public. And such instruments of Fraud such as derivatives and MBS’s and whole works. There is a time coming soon when we may be going down for the last time.
bttt