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So why predict an “87%” chance of another meltdown in 2013? Because in the real world of statistical probabilities, historical facts and expert opinions danger signals are flashing wild. In mid-2008 we summarized the predictions of 20 experts over several years. Predicted a meltdown in a few years — markets crashed two months later. Fast.
The warnings are again accelerating. And so is the happy talk from Wall Street casino insiders, about rallies, housing recoveries, perpetual cheap money. Don’t listen. The next crash will happen by year-end. Yes, there’s a 13% chance the next Fed chairman will keep printing cheap money into 2014. But on New Years Eve our aging bull will be 4½ years old, well past Bill O’Neill’s “average” 3.75 years for putting this bull out to pasture.
Last year on Fox Business Schiff warned: “We’ve got a much bigger collapse coming.” Then last week: “I am 100% confident the crisis that we’re going to have will be much worse than the one we had in 2008.” His 100% beats our 87%.
www.marketwatch.com...
the Hindenburg Omen signals are starting to cluster (in a confirming manner). First on April 15th, second on Friday, and now third today marks the first such cluster since Bernanke saved the day in August 2010.
Originally posted by sensibleSenseless
reply to post by KingErik
PPT:
As in "Put the pieces together"? (my guess)
OR:
Percentage Points (financial reports)
OR:
Acronym finder site for PPT
edit on 5-6-2013 by sensibleSenseless because: my guess
Margin debt—that’s the amount of money borrowed to purchase stocks—on the New York Stock Exchange (NYSE) reached its all-time high in April. Margin debt on the NYSE registered at $384.3 billion as the key stock indices hit new record-highs. (Source: New York Stock Exchange web site, last accessed May 29, 2013.) The highest margin debt ever reached prior to this was in July of 2007, when it stood just above $381.0 billion. At that time, just like today, the key stock indices were near their peaks and “buy now before it’s too late” was the prominent theme of the day
Looking ahead, corporate earnings, which ultimately drive the direction of the key stock indices, don’t look so good. So far, 106 companies in key stock indices like the S&P 500 have provided their corporate earnings outlooks for the second quarter, and more than 80% of them have issued earnings outlooks that are negative! Corporate earnings growth for the second quarter is now projected to be only 1.4%—and the estimate keeps going down! (Source: FactSet, May 28, 2013.)
Key stock indices rising on anemic economic growth, poor corporate earnings, and leveraged investors—this is not going to end pleasantly.
Originally posted by EA006
reply to post by gortex
In real terms what's the outcome of collapse on a large scale? FEMA camps? Billions of stockpiled bullets? Armored checkpoints?
I may be wrong but why would TPTB want to crash the system now?
Originally posted by butcherguy
The market will crash.
When?
No 'little people' know.
Originally posted by Deetermined
reply to post by EA006
They don't want to crash the system, but it's inevitable when you prop it up, feed money into it and throw it off of it's normal balance of highs and lows. The only thing they know how to do is try and put off and delay the inevitable, but the inevitable will happen anyway.