Originally posted by Cloudsinthesky

The government's January jobs report offered investors some ugly data this morning, but they were prepared for the news and sent stocks climbing anyway.

Its very interesting how this Friday is shaping up............

Yeah... the PlungeProtectionTeam has to bouy up the markets,
forward of the Monday BankBailout program/Stimulus being announced by
the new Treas Sec Geither? & Obama--- it's supposed to be a Big Day!
...
besides the PPT desperately has to pump up the bank stocks before
more than one goes bankrupt or gets delisted because it has
a below $1. trading action (making it a penny stock, even after the Treas. bailout of more than $25Billion in just the first installment)

The economy erased 598,000 jobs last month, the Labor Department reported this morning -- making it the worst month for job losses since December 1974. But the number was within the expected range, so investors were unfazed and stocks moved higher.

see above answer, it's the PPT, manipulating the market in anticipation og the Obama/Geithner New-&-Improved-bank-bailout-policy

Cheers to the rally....

What really makes me hurl, is the dudes/dudettes on 'Market Watch'
get all giddy when the market goes up 200 points (like today)...
it seems none of those egos actually realizes that their reporting of
the market going-up... has nothing to do with them or their presence on TV, --- sheeze ->> their giddy, bubbly attitudes are repulsive & gag worthy

Nothing against you..'Cloudsinthesky', i think you do a lot of good coverage & effort

Well the bar is set for Mr. Reinhardt and his prediction. Investors were pumped today with the Dow closing +216 at 8279.

Like I said in an earlier post, no one can pick the exact date of any event with out having some type of knowledge or psychic ability. Luck can play a part and one can justify a prediction based on luck.

But predicting a second event and giving an exact date removes the possibility of luck. If the event takes place then there must have been some type of knowledge. For Reinhardt he tells us of his theory is based on the Legatus group. So I guess that would eliminate the psychic angle (if there was one).

So we head toward Monday and I have to admit with a little anticipation. So if the market continues as it did today, we can all celebrate for the moment toasting that the worst did not happen and another theory is debunked.

But if Reinhardt is right our real problems are only beginning. There will be KNOWLEDGE and someone or group is behind it.......That would be a whole new discussion!

Cheers til Monday!













[edit on 6-2-2009 by Cloudsinthesky]

He's probably right. Just like in Vegas, you can only game the table for so long until they change the dealer on you.

So in the case of Bermuda, they have all those insurance companies doing business down there, and they've been cleaning up for sometime. But times change, people get wise, and they have to change the dealer so to speak. And in this case, they're introducing new regulations down there like capitalization requirements and what-not, so they may need to take their money off the table and go somewhere else.

Either Legatus does that, or takes their share of the cut before the house changes the dealer.

When R says governments pretend to fail, well he wasn't kidding when the SEC turned a blind eye to Madoff for forever. I think Madoff gave up because his scheme hit an eventual wall and was doomed to implode anyway. He needed some more Boom times to keep it going, and sorry folks, we're fresh out of those.

Whether R is right or wrong, you better pay off what you owe and start saving before it really is too late.

In the minutes prior to the closing bell today, I shorted the ever living frick out of the fincancials. I bought FAZ @ 40.06. FAZ is 3x bear financial shares ETF.

I hope r is right because my retirement depends on it lol. It the market continues up on monday I will buy more FAZ.

Has anyone else been to his web site in the last hour? I just went there and it says "I told you so :-)"

now he says i told you so on his site....wtf does this mean...

Is his site closed? I don't see a login location.

I told you so..... 6 for 6........Hmmmmm

You would think he would wait until Monday to make such a claim.........

Originally posted by Doomsday 2029


Stock Markets don't generally collapse in one day... And it didn't crash on September 15th. It was just a very significant day because it fell 500+ points.

This could easily happen if Bu....I mean Obama was to come and and say the truth.Our currency is on the verge of collapse and Those countries that own 2 Trillion dollars of our debt are starting to liquidate.

Maybe he'll even blame it on this new rescue Bill not passing yet.It does sound like something could very well happen.They cause the problem so they can give us the solution.How many times have we seen it before.

2/9 = by 3

I think eventually the market will crash along with the economy. There has been a steady decline in our economy and the farther it falls the faster it seems to fall. The hard thing to do is put a date on its peak or point of no return. If Reinhardt turns out right well that will suck. If not we have how much longer? I would suggest to everyone doing their best to prepare for the worst and time will tell as it always does......

Thanks OP, I hadn't thought of Reinhardt in a while, I'm glad I'm ready to be watching the markets on Monday. =]

If he is right, I'll be really impressed, and really worried. =[

I personally believe that his prediction of a crash on monday is not going to happen. With an agreement being reached an hour ago on the stimulus packagae and the odds they will vote on it within a few hours and pass this bill. The economy is looking to have a major surge on monday.

The question now is, how long will the surge actually last?


I seriously doubt Reinhardt has this one in the bag this time around.