Two experts warn correction could total 60%

CNBC ^ | 27 Aug 14 | Matthew J. Belvedere and Everett Rosenfeld

[Shark24]

I have no answer other than to say I thing the real issues are spiritual. Thanks for the nice reply

[The_Media_never_lie]

When this one crashes, there will be blood on the floor.

One of these days you will be right. However, the market can go up 20-30 per cent until that happens. It is very tough to time the market.

[MSF BU]

So this will be a buying opportunity? Gold will soar, sell gold and buy MMM, XOM, PG, JNJ & SXL at greatly reduced prices.

[MSF BU]

You might both be right. Personally I think laziness is a close second to either or both.

[expat_panama]

market can go up 20-30 per cent until that happens. It is very tough to time

The old debate is that timing's impossible if everyone already has the same info and nobody can anticipate the next guy.  What the rest of us are seeing is that no two traders are alike; each has his own time frame, goals, and limits and that makes for patterns w/ signals.  Bottom line is that while it's "very tough to time", people can still time a side of the market for their own particular needs.

[knarf]

you deny scripture

[pieceofthepuzzle]

“you deny scripture”

Not really. There can be more than one root.

[Mad Dawgg]

"Markets could soon face a fall of up to 60 percent, two experts told CNBC on Wednesday."

Yep OR they could soar 60%...

But whatever they do none of it is based on real corporate earnings anymore.

The U.S. markets are all smoke and mirrors and have been for awhile now.

[SkyPilot]

The U.S. markets are all smoke and mirrors and have been for awhile now.

That is the crux of the problem, and the current situation, isn't it?

[SkyPilot]

They have been soaring, in the face of all economic logic. I am an engineer by training, also a pilot. There are certain laws I have to follow. I can’t defy gravity, because God’s law prevails. So called economic experts have been defying logic and law for too long, and it will not go on forever. I believe the hour of reckoning is very soon.

[Mad Dawgg]

"That is the crux of the problem, and the current situation, isn't it?"

I have friends who just buy and buy and buy and I just shake my head in bewilderment.

I have a few issues I keep doing DRIPs in AEP and PEPSICO etc.

But other than that I have been out of the game since early 2008 and even then I was totally confused by the markets. To me ever since derivatives got popular, the markets became mysterious black boxes that left no clues why they worked.

[FBD]

Related:

http://www.zerohedge.com/news/2014-08-01/top-financial-experts-say-world-war-3-coming-%E2%80%A6-unless-we-stop-it

[SkyPilot]

Very interesting, thanks for the link. I believe 1914 and 2014 have parallels, although the prelude to global wars is very different, as for the reasons for war. Most historians cite “hyper nationalism” as the main reason for WW I. While that was a symptom, the real reason was long simmering feuds and conflicts between major powers, with those feuds being based in territorial and economic disputes. A world war on the horizon would be based on exactly the same premise. I am much more certain of two major wars on the horizon in the Middle East than a war between China and Japan, although both regions are getting scarier. I believe we will have a war between Israel and her bordering nations, referred to by some Biblical scholars as the psalm 83 war, and this would involve the current Isis murderers and possibly the nuclear destruction of the city of Damascus. After that, the even larger war of Ezekiel 38 and 39 would come, and that would involve even more nations, including Russia.

[krunkygirl]

Bkmk