Market Crash 2011: It will hit by Christmas

Market Crash 2011: It will hit by Christmas

www.marketwatch.com

Psychology offers us a powerful lesson: Our collective brain is destined to trigger a crash before Christmas 2011. Why? We’re gullible, keep searching for a truth-teller in a world of liars. And they’re so clever, we let them manipulate us into acting against our best interests.

(visit the link for the full news article)

I'm surprised this hasn't been posted yet... This is a very interesting scenario... the only thing is that the author really doesn't expand on what those lies we tell ourselves or those which wall street sells to us really are... he doesn't dive deeper into that

Is this just another chicken little? What are these lies?



www.marketwatch.com
(visit the link for the full news article)

Interesting article. I believe we need to turn off the TV and start focusing on shaping our own future. We don't need the government, politicians, or Wall Street governing our lives. They've put us to sleep, and it may be too late for us to wake up.

Sorry for the rant, but there are MINDLESS MAGGOTS everywhere.

Ultimately, that's the reason why the markets will crash again.

Because here in the U.S., the majority are idiot scumbags.

/rantoff

Once you see oil hit > $120 USD per barrell, you will know the crash is less than 90 days away....

Pretty good article. The sky is falling around us and politicans/ Wall Street are still trying to sell us that the American Dream is still alive and kicking. Unfortunately, we believe them.

Main reason we are still typing instead of acting.

Well the markets due to crash at some point. It really doesn't make sense that we base an economy of non-existent currency. It's all just a game, and even the winner might want out after some point.

Sometime in 2011 before Dec. 31st, there will be a Earthquake and Hurricane in the same Hemisphere
that will cause economic damage of between $1 dollar and $100 million billion.
The market will hit a number low enough that I will consider it a crash.
More than one person will die because of an IED in Iraq and on that same day at least 100 people will starve to
death in a country in Africa.

reply to post by unityemissions


Can you elaborate on the mindless scumbags? I would have thought Ben's QE2 did us in? Actually, I believe it was over on the first crash, this is just the fallout being dragged out.

reply to post by mugger


Sure thing:

At every which step of the way, people have chosen to remain ignorant.

Pick any major detail over the last X amount of time... you can say it was that specific fault.

NO.

It was the people's fault, each step of the way, through the generations, decades, years, months, days, second by second...

Idiot scumbags that are brainwashed, demoralized, and without a bloody soul.

That's the reason.

I would have to agree with this and the reason is when oil jumps up really quickly like this, it always causes the market to crash soon after.

It's not a doom scenario just an observation.

I would say the dow will be at 5000 or lower by X-mas.

I too firmly believe that we are in for a second market crash since 2008.

I believe that TPTB are following the same playbook that was used in 1929, and there was a crash two years later, a bigger one that is mostly forgotten.

We're overdue, mostly because the stock market is being heavily artificially manipulated and propped up by the Federal Reserve, who fear an economic collapse when the second crash comes.

reply to post by unityemissions


I will grant you the sheeples are led. Still falls on the corporations and government for leading them to this point.

Originally posted by jam321

Pretty good article. The sky is falling around us and politicans/ Wall Street are still trying to sell us that the American Dream is still alive and kicking. Unfortunately, we believe them.

Main reason we are still typing instead of acting.

TPTB are arguing over whether to cut programs or raise taxes to pay for them, and decided to extend programs and CUT taxes, while every single other nation that is in the same situation did the exact opposite.

You can't spend yourself out of debt, be it on a household scale or a national level.

Once TPTB figure out that they must have massive cutbacks to entitlement programs and Government spending across the board, combined with a tax INCREASE, it will probably be too late to stop the inevitable crash.

Originally posted by Realtruth
I would have to agree with this and the reason is when oil jumps up really quickly like this, it always causes the market to crash soon after.

It's not a doom scenario just an observation.

I would say the dow will be at 5000 or lower by X-mas.

edit on 24-2-2011 by Realtruth because: (no reason given)

Nope, if they follow the same playbook as 1929, which I believe they are, the second crash should bounce off about 6500.

Just remember, one man's crash is another man's skyrocket. Be on the right side of that equation. But timing is everything. It's always gutsy when people go out on a limb and give an actual season or date for "the big one." Unfortunately, they are almost alwyas wrong, although curiously few seem to remember a few weeks later.

I was ready to call BS on this until I read the article - which helps make an informed opinion I guess. :p I've noticed that the vast majority of idiots, oops I mean economic and financial experts, out there, are telling us things are pretty good, could be better, but pretty good - at least here in Australia. I would like to know wtf here in Australia who has a mortgage, kids, and a job is doing well? I work for the fed government in the PS Canberra and am struggling and I know plenty of people who ain't got it as good, and I wonder how they do it, and I don't even have kids. I think people are building a nice little personal debt, or have two incomes. Point being, there is some manipulation going on and people are being sucked into the BS. Our economy might be going okay, but that is only because of the minerals boom, a two tier economy that leaves most of us up $h!t creek.

reply to post by HunkaHunka


A bit of background... Paul Ferrel is Marketwatch's eternal pessimist. Not saying I disagree with him or that he's been wrong, because I usually do agree with him and he usually is right on the money... except that he sucks at predicting event times (Generally he is about a year off on his predictions, but they do eventually happen). He is a real rarity for a website like Marketwatch which is usually very intertwined with the lies he is talking about.

What I believe Paul means (based on all the reading of his columns I have done) is that Wall Street is trying to "shake the ketchup bottle" if you will, and the average investor has gone right along with it happily. He's been warning about this for the last 2 years... As this false market boom has occured, he has been telling people it was a fraud intended to get fools to invest their remaining pittance and, eventually, Wall Street will devour it from them with another crash. This pending crash, he has numerous times said, will make 2008 look tame. The lies Wall Street tells us and the media goes along with wholeheartedly, are that there is a recovery on Wall Street, the dollar still has worth in the global sense, and the United States has a future traveling its current course. Unfortunately, we have a casino (nation) full of rubes that continue to believe the lies.

reply to post by burdman30ott6


Thanks for the clarification!

IMHO, it will be long before Christmas... I'll bet that it will be before April, given all of the signs in the market and around the world right now.

Follow the money and it will lead you to oil, which is about to drop this country to it's knees and deliver the death blow. The rest of the world will follow shortly after, if they haven't fallen already by then.

~Namaste

reply to post by burdman30ott6


I am waiting for the day when our dollar is not the "global" currency and we really crash. Then it is over.