To: HomerBohn; SaveFerris; Sam Gamgee
If stocks start to fall, how low could they ultimately go? One technical analyst that has a stunning record of predicting short-term stock market declines in recent years is saying that the Dow could potentially drop “by more than 6,000 points to 14,800″: If the $600 Trillion Derivative bomb goes off, then Katy bar the door.
Mark Faber (aka Dr. Doom) predicts it could be as much as an 80% crash, as that is how overvalued he sees this market.
But what do I know?
Not much, but the more I read, the parallels between today and 1929 are poignant and striking.
11 posted on
03/15/2017 3:18:09 PM PDT by
SkyPilot
("I am the way and the truth and the life. No one comes to the Father except through me." John 14:6)
To: SkyPilot
If the $600 Trillion Derivative bomb goes off, then Katy bar the door. DERP!
To: SkyPilot
Yeah, I don’t know. They managed to keep the makeup from smearing on this pig so far. Don’t know how they do it, but they seem to be winning.
Still, I know the day I put money in this market, it will crash, with my luck.
To: SkyPilot
Wish they would have given the amount of the derivatives.
29 posted on
03/15/2017 4:47:46 PM PDT by
SaveFerris
(Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
To: SkyPilot
30 posted on
03/15/2017 4:50:53 PM PDT by
SaveFerris
(Hebrews 13:2 Do not forget to entertain strangers, for ... some have unwittingly entertained angels)
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