It’s going to end ‘extremely badly,’ with stocks set to plummet 40% or more {TR}

CNBC ^ | 24 Jun 17 | Stephanie Landsman

[SkyPilot]

I agree.

There is a prediction that the Muslims have. The Mahdi, who by the way bears a striking resemblance to the Antichrist, is prophesized (by Muslim clerics) to hand out goodies to the masses. The crowds say: "Give to me Mahdi!"

And he says: "Take!"

[utahagen]

The only sure thing in the US economy — once you concede that western civilization is in steep decline, so we all are doomed anyway; and I am not being sarcastic — is that, over the long haul - meaning a 20 to 25 year period - the US stock market is the best investment. So, who cares if there should be a 40% drop next week, so long as you are not intending to cash-out 100% of your holdings next week? Choose ten-to-fifteen stocks in which to make small purchases automatically every month; make most of those stocks blue chip; ignore the daily stock market; and live your life.

Research DRIPs. Did you read that? Go on the web and research DRIPs.

[SkyPilot]

It could keep on going for years on end, or they could pull the rug out from under us tomorrow. No rhyme or reason, just on a whim.

The Globalists/Central Bankers are not Trump fans. They certainly were Barry Hussein Soetoro fans.

The entire 2007 crash was manufactured. I read a detailed account of the forensics of it. The FBI called it "Economic Terrorism" and later backed away from their own account. At one point, a half a Trillion dollars and hour was being "taken out" of the global financial system, deliberately.

I believe that these same vermin will pull the plug when it serves their interests best, and they are primed to destroy President Trump.

I believe that 100%.

[faithhopecharity]

Indeed. So he can claim he has an 1150 percent accuracy rate in predicting market crashes. 🤡

[central_va]

Would a major correction also wipe out the precious metal market? or the real estate bubble? Would interest rates go up? or down?

[lee martell]

Yellin was too yellow to make the needed changes.
Matt Drudge calls her Mother Yellin, and keeps me updated.
Otherwise, I, who have nothing to invest would never know.

[central_va]

This thread brought to you by:

[bigbob]

“What’s buried in your backyard?”

[SkyPilot]

The Illinois or other state pension crisis could be a spark that starts a much, much, much larger inferno.

But something will light the match.

People who think their 401Ks or IRAs are safe are living in a fantasy world.

If things go south enough, Katy bar the door.

The first ones they will seize will be Federal (TSP accounts). But if the bleeding turns into a hemorrhage, then they will need all accounts to plug the hole.

[t4texas]

How long until we hear the Russians are colluding with the Fed to wreck our economy? If this nut job is right let’s start with him. Dude here’s the not so subliminal for you: Shut the “F” up. It’s time for your next douche . . . wad

[SkyPilot]

All great questions.

Who knows?

It is hard to imagine, however, that in a real crash there would be totally safe havens.

Perhaps precious metals, but this from history worries me:

I always thought Obama would do something similar in a heart beat. Hell, he would have even enjoyed it.

Would Trump? Ah...now that's a question. My suspicion is yes, if pushed far enough and he felt he had no other options in an attempt to stop the whole ship from going under the waves.

[Colinsky]

Sure, the stock market indexes always regain after a crash...eventually...but different companies are selected to be in the indexes all the time. if a company does poorly, it’s ejected from the list. Only the risers stay on the list.

[hinckley buzzard]

Permabears have been saying this for over twenty years, and look where we are. Like they say, nobody ever went broke taking a profit, but to sell out wholesale now is "market timing" at its riskiest. Not a good idea.

[laplata]

He has predicted 23 of the last 2 recessions.
—

LOL!!

[PGR88]

Its a house of cards

Any meaningful decline in the stock market will actually drive quite a few states into bankruptcy. Their public pensions are already underfunded, and it will trigger huge revisions in pension and employments costs.

[Captain Peter Blood]

I don’t know how often I have read these Chicken Little the Sky is falling warnings and prognostications over the last 8 years plus.

While I probably agree a market correction is due or overdue I am just not sure to buy into a 40% Plus crash. But then again who knows.

[bk1000]

“BUY GOLD BUY SILVER.”

They say the dollar is sure to crash, so buy gold. With dollars. If it was sure to crash, why sell their gold for doomed dollars? I do have a little, but if it really gets down to that, a full reset, then we will have much worse problems.

[PGR88]

FDR had to change the price of USD to gold, and ban public gold holdings - because the world at the time was on a gold standard. FDR conducted outright thievery from the American public.

Now the world is on a 100% fiat, central-bank printed money standard, so for now anyway, its immediate role on the USD and other currencies is greatly reduced.

Sadly, no one sees the connection between gold and limited-government and freedom any longer. A government and central bank that can create unlimited debt in a printed currency with manipulated interest rates can pursue any repression and social-engineering scheme it wants.

[Sequoyah101]

Pretty much right. Two years. Stay calm. Be prepared. Tighten the purse strings and expenses when necessary.

It is a cycle. If you cant live with that, stay out.

[blam]

I’m still waiting for the unavoidable summer crash of 2010.