The Leaves Won't Be The Only Thing To Fall! (Market Crash Prediction)

321Gold ^ | Oct 17, 2005 | Enrico Orlandini

[Travis McGee]

I think this is a good departure point for serious discussion of where our national economy is heading....which many believe may be off of a cliff.

[cripplecreek]

I'm not wearing rose colored glasses.

[martin_fierro]

[HamiltonJay]

Alf went on to do Hollywood Squares, and all I got was this lousy Chuck E Cheese token.

[johnny7]

...and lead.

[SoFloFreeper]

Gee, these people at "321Gold" wouldn't be selling GOLD by any chance, would they??

[sarasota]

I'm here to dispel the notions that those who've "invested in the last three to four years have nothing to show for it". Where are these people putting their money? And with whom?

[kittymyrib]

The new bankruptcy laws will definitely cut down on credit purchases and the Christmas season spending numbers will certainly be down for this reason, as well as the astronomically high gas and heating oil bills in Dec.

[Boundless]

The trouble with gold is that when it really pays off,
it means that everything else has gone down the toilet.

... except during the run-up to and just after
legalization in the 1970s. That had real profit
potential (in case you own a time machine :-)

[drt1]

While I don't think a Crash is in order (But could happen given the right trigger) I don't see how it can advance in the face of the Fed, Energy costs, political disarray in DC and the Fiscal debacle. I see more of a trading range with a downward trend to the highs and lows of that range.

[Protagoras]

[blam]

My $402.00 each Kruggerands are looking good these days.

[vrwc0915]

A fire broke out Sunday inside a refinery along the Houston Ship Channel as workers were bringing the plant back into production following a shutdown from Hurricane Rita, officials said. The refinery covers almost 700 acres along the Houston Ship Channel and can produce about 268,000 barrels daily.

From chron.com

At least 16 Texas oil refineries remained shut down after Rita, which came ashore early Saturday at Sabine Pass, about 30 miles from Beaumont. A refinery in Port Arthur and one in Beaumont were without power, and a second Port Arthur refinery was damaged and could remain out of service for two to four weeks. "We didn't dodge a bullet with Rita; we took a couple bullets in the legs with Katrina and Rita," said Tom Kloza, an analyst with the Oil Price Information Service of Wall, N.J. "It's still a significant loss, and it's going to create some supply problems through at least mid-October." Early estimates were that Hurricane Rita will cost U.S. refiners about 800,000 barrels a day in capacity, on top of a drop about 900,000 barrels a day because of Katrina. Kloza said the national average for a gallon of regular gasoline could again top $3.

[Protagoras]

[kinghorse]

I'm no financial savant but you would have to be an idiot to compare today to the caveman like 70's. Gold bugs are such smug jerks. At least the one's I know. It's like going Vegas and watching the guys who bet the Don't Come. Same feelings for gold bugs.

[Travis McGee]

Economic free-for-all discussion ping.

[Protagoras]

[dennisw]

Autumn is a time for self reflection and evaluation. The leaves fall. Vegetation dies off

Stock market dives are common in the fall.

[NeilGus]

Hey, thjese guys are good. The have predicted 100 of the last three major stock market drops.

[Travis McGee]

So are mine.

But like guns, fire extinguishers and insurance, I hope we never REALLY need them.

But I'd rather have them and not need them, than have my kids stand in the soup line in a FEMA camp.