Fuse lit for the predicted "Train Wreck" of 2007

Fuse lit for the predicted "Train Wreck" of 2007

www.worldreports.org

• At 4.05 EDT on Thursday, the Dow was down by 311.50 points, to 13,473.57, after recovering slightly from an earlier steep fall of 412 points. It closed 2.3% down on the day.

• The FTSE 100 fell in parallel by more than 200 points, or 3.2%, to 6,251.2, the steepest decline since immediately ahead of the Iraq invasion.

The reason for the collapse was that the Wanta Settlement, which was finally slated to be paid onto the books, by 1.00pm Eastern Daylight, was again aborted.

(visit the link for the full news article)

Huge Black Monday

blood all over the street.

-ALL US stocks are overvalued like pigs.
-MOST are full up to their nostrils in debt
-Most huge high leverage tools (aka derivatives) which they will take massive losses

-US dollar getting clocked
-US consumer and Government up to their eyeballs in debt
-Money printing becoming money MASS market printing on daily basis

Bottom line: Huge market crash in both stocks and housing
Prices will collapse 50% instantly.
and you really believe these numbers ? Anyway, even if it's true, large companies like intel (based in US) take credit for that GDP....but outsources the REAL job to China or India.

people will get fleaced in this coming crash like always. Bad news is aplenty for many months and now US government is desperate. Hey, housing is responsible for 60% of all jobs created in past 5 years!!! The massive layoffs have started and will continue for 2-4 years.

US is allready in recession by the way. GM -20% sales, housing 9 months+ inventories, prices collapsing

Anyways, charts don't lie. US dollar, Housing, now US banks, autos, all in or started bear market, and most important, US consumer and Government debt in massive never seen before bull market! Hey, when did you see 9 months+ house inventories or 20% plunge y/y GM sales or 550 TRILLIONS OF DERIVITATIVES (worthless) or Walmart negative sales (never seen since existing!) or INSIDER SELLING LIKE PIGS PIGS PIGS ? never. Even 1927 was not even 40% of this.

But at the end, like you see in any hosuing bear chart, once the freefall starts, only a small 3-6 month delay can happen from PPT. Fundamentals win always in medium-long term...always.


[edit on 29-7-2007 by DisabledVet]

oh dear, not the wanta rubbish again.

I wanta trillion dollars.

Regardless of the Wanta doctrine and all that it entails, the signs are there for a very bad road ahead for the US economy....you cant ignore the signs, and it's going to get worse.

wow this is kinda scary man,and we still have to go to war with Iran.Were gonna be broke as a joke.Time to start using or selling some of that black gold we are in Iraq for ehhh.

But seriously how bad do you think things will get?will there be rashions?Im very ignorant when it comes to stocks and such so if you could clear up what all the numbers mean and how it will affect my life i would be very thankfull.

Thanks

the 'train wreck' has been happening all along...

the public has just failed to see it as such,
all the M&As, and taking Companies 'private'
is not so much the company projected Earnings

as much as raiding the company Pension Fund

the replacement CEOs are adept at being 'raiders'->
that's what they're hired for

Originally posted by St Udio

the replacement CEOs are adept at being 'raiders'->
that's what they're hired for

wow im sorry i asked Vet,thats crazy to think about.Add that to all the doom and gloom of wars waiting to pop up and new terror attacks and you got yourself a panic attack my friend.

Awsomely explained thanks a lot.

if i knew how to aplaud you i would,i clicked the star at the top maybe that did something heh.

[edit on 29-7-2007 by Project_Silo]

Well, since this is a duplicate subject of a duplicate thread i'll paste my duplicate post:

No different than the dot.com bubble of late 90's 2000. I worked for Corning fiber optics and saw out stock price go from 30 a share to over 300 in one years time and there were many companies that did this. Greenspan called it irrational over-exuberance. A lot of companies tanked after this because of overinflated stock prices. SOme of that is going on right now but a collapse of the American financial system it isnt LOL. We survived the dot.com bubble burst, 9/11. Nothing to worry about...this type of stuff happens from time to time and it only proves how sound the financial system of America is with its resiliancy and ability to bounce back.

The mere fact that even with out enormous debt we are still propping up the world economy is even further proof nothing catastrphic will happen. The economies of the world cant afford for the US to go down lest they be dragged down as well.

Its not going to be that bad.

The one thing people forget about the USA and its citizens is that the country is as strong as it is because all recent arrivals and our overall culture is about working hard and arriving at the american dream. America isnt as strong as it is because of our expensive military or our wonderful politicians its as strong as it is because of the residents of the USA. Its in our culture and blood to work hard and be succesful.

I'll put it this way. This country will never crash in any way, shape, or form without first taking down the rest of the world with it. If you see the US going down then you can best believe that everyone else will be as well.

Originally posted by Desolate Cancer
Its not going to be that bad.

The one thing people forget about the USA and its citizens is that the country is as strong as it is because all recent arrivals and our overall culture is about working hard and arriving at the american dream. America isnt as strong as it is because of our expensive military or our wonderful politicians its as strong as it is because of the residents of the USA. Its in our culture and blood to work hard and be succesful.

Im sorry have you just landed on our planet?

"All recent arrivals" do you mean the illegal aliens whom are draining our health care system and raiding our jobs?

"Wonderful politicians" Are you even from America? Do you go to other websites other than ATS?

"Work hard and be successful" has nothing to do with our current geo economical and political state. When 40% of what we work for is taken from us and put to use in ridiculous programs and wars that further bring us to the brink of financial collapse and you say its not going to be that bad? Im sorry but it ALREADY IS that bad.

Disabled Vet, I like the way you think. You see big picture, and long term. It's a little crazy talk, but I'm guilty as well of crazy talk.

It's the governments best interest to keep business good, they have preventative measures to stem the bloodloss in instances such as this. It'll be a pothole on a 1 mile drive, you'll hit it then forget about it within a minute.

-ADHD

While I agree things are bad and may indeed be a "sign" for other things to come, some things just will not happen. For example, the stock market cannot lose "50%" of its value at one time. There are what are called "circuit breakers" in place to halt trading when values drop by a certain amount. Initially, the breakers halt the trading for a specific time and if the "bloodbath" continues will shut the market down completely.

I do understand your points though and this could indeed be the start of a "train wreck". Only time, and declining market values, will really tell.

We have had stockmarket crashes that were worse then the depression several times since. There is a natural ebb and flow to the system. It wouldn't work if it didn't.
The depression was as bad as it was because it was combined with the Dust bowl
Not that things aren't going south. Unless we feel some global warming effects along with a crash.

But I can't shake the feeling that somethings going to happen.

The stock market normally has a sharp downturn every year, usually starting in May. It's just late this year. Combined with Q2 earnings recently released, which normally always brings stocks down as well. August is going to be a bad month, but into the fall things will start to pick up again. I hate people always claiming "we're all doomed, it's the depression all over again" any time a market falls by 300 points. It's like 2%, jeez.

I personally have my money lined up and I am anticipating the awesome buy market to come after this long overdue correction.

[edit on 7/29/2007 by Yarcofin]

expect a tax increase or another tragedy. I think Bush bit off more then he could chew. at least with Clinton we were at a surplus.

i would vote for hilary just to get monica and bill back in the house. haha

"THE END IS COMING!!!!"

THE END IS COMING!!!!

HAHAHAHAHAHAHAHAHA

WOW, funny how all the REAL economists are NOT predicting the end of the world. Funny how some people think they know more than the experts. Well not funny, sad actually...

Wonderful....

Take the placards off people and here is a dollar, get some coffee..

Semper

expect a tax increase or another tragedy. I think Bush bit off more then he could chew. at least with Clinton we were at a surplus. I would vote for Hillary just to get Monica and Bill back in office. ha ha ha ha ha

You know why we had a surplus under Bill Clinton? It seems all good and great to the rest of America who didn't lose their jobs in the military at the time. The way he was able to create such a surplus was by cutting back on the military and TAKING MY JOB AND FOOD FROM MY FAMILIES MOUTHS! Great for the rest of America, but the ones of us protecting America at the time got stepped on, just like the military now is. I worked hard in my job and not only did he take it away just to make himself look good because he had been busted for womanizing and wanted history to look at him favorably, but he also weakened a nation and it seems America could use the same military that he disposed of. He also ruined my marriage and got my kid taken away because of all of the stress. now my wife was a cheating whore and that certainly added to the stress but it was the timing ad the speed at which I lost my job that killed my family. furthermore, as for his HUSBAND Hillary, I would vote for a dead Hitler or Bin Laden to run our country before I would vote for that feminist, penis packing tramp.Every man in America better fear their well-being id this trick gets in office.....she will make it her personal mission to destroy all MEN in America and will favor women as all feminists do. Watch out! They cry for equality, but it's never enough and the way things have been going for awhile now dictates that the don't want equality at all...they want IT all. Just like women in a child support hearing or all this talk about breast cancer (despite the fact that prostate cancer is far more prevalent), the fact that feminists use the sex card to get everything they want and then blame YOU (the man) for sexually harassing them when they wear clothes that beg men to stare and when they are raped for "advertising" and then cutting the man short (teasing basically) ..they cry as the victim and every woman cries with them. Anyway, long story short, any man who votes in Hillary, is either suicidal, isn't getting laid anyway, or is one of those pansies that help women to destroy men because they are being led seductively like a sheep to the slaughter all the while a traitor to all men. STOP HELPING THESE WOMEN GET ALL OF OUR STUFF, THEY AREN'T GOING TO GIVE YOU ANY ANYWAY! SO STOP SELLING OUT YOUR OWN KIND. You can start by voting for anyone but Hillary. (Note: I am not an advocate of any other presidential candidate, I don't know this Obama, so men white men are screwed either way.) If man, hillary favors women, if white, Obama will probably favor black people...I would personally rather have blacks favored than women....at least we get to keep our stuff and don't get thrown in jail for everything a woman does or sets you up to do using sex. VOTE a homeless man in and things will change for the better I bet. As far as Bill Clinton goes... I didn't think what he did was cool at all, it was normal for a guy to do that but it's just too bad that when he was in office getting laid many more of us and our families got screwed!

[edit on 29-7-2007 by Phenomium]

Originally posted by Phenomium
then blame YOU (the man) for sexually harassing them when they wear clothes that beg men to stare and when they are raped

Sorry. I stopped reading here. You honestly beleive that women ask to be raped? :shk: