MONDAY 13 : Global Market Crash

Yet another would-be ATS prophecy and prophet bite the dust.Alas..Perhaps we should have a forum for all the deceased,though i imagine it would be quite large,dont you?

the central banks are on top of what should result in a market downturn

the FED told the central banks to supply some $75-80+ Billions in
Liquidity money to delay, postpone, avert a major meltdown monday.

the behind the scene thing thats popping the overvalued stock market
bubble is all those phony credit debt instruments that banks, investment banks, insurance portfolios, hedge funds, pension funds, are all up to their eyeballs in.

news has it that Bears & Sterns, collapsed 2 funds last week and another is declaring insolvency and closing its doors to investor withdrawls today.

the markets are nowhere being 'all-right'
theres about $1.7Trillion in CDOs out there, Collateralized Debt Obligations. that all those banks, funds, investors, etc. are stuck with...

there's all those debt instruments just a stage above 'sub-prime' that are going to collapse too, Alt. A, piggyback loans,ARMS, Prime, Jumbos, 2-28,
and a lot more exotic 'loans' in the commercial areas that ar all facing collapse...

many investments banks will fold or decline to Junk-bond ratings,
because the Fed. 'credit expansion' went just a bit too far,

but Today, Monday Aug 13th, will be another trip under the 'Limbo' stick,
How-Low-Will-It-Go ??


for related overview see: onlinejournal.com...

Originally posted by St Udio

the FED told the central banks to supply some $75-80+ Billions in
Liquidity money to delay, postpone, avert a major meltdown monday.

In all, central banks in Europe, Asia and North America have pumped out more than $300 billion over 48 hours in an effort to keep money flowing through the arteries of the global financial system, hoping to prevent a credit market seizure that could imperil economies.
Central banks act to head off global credit crisis
Glenn Somerville and David Milliken
Reuters
Friday, August 10, 2007

If that's what they admit to, imagine how much really went in!

On the rest of you post I'd say you are spot on

The economy wheel just keeps on turning. Money keeps on changing hands, even in a depression.

Any collapse would be a desaster for the whole, so people will do strange things to protect their pile of paper. You will risk it all if you believe that will preserve your nest egg.

It may be just a matter of time for all the right people to move their reserves to another currency. That will leave the people not in the inner circle, holding the devalued paper.

It will not go down that easily, correct. How long will it take for the right people to get secured, before the banks quit bailing it out? 1.7 Trillion; 2.5 trillion; 999 trillion?

It could change also, but the things necessary for change will never come to be. Call it a correction then. What will a significant correction be like?

In my life, I have seen this played out over and over on a smaller scale. What makes any one think that the top players will change the game now?

No abla engleas.

I have never really understood this stuff, but there are always people waiting for the sky to fall.

I think it is safe to assume that Bill is a high ranking wizard in the illuminati and he is in complete control of the market. He is setting himself up to be a prophet so we can bow to him. Don't fall for this antichrist. You can tell from the picture that he is reptilian (obviously).

Originally posted by Mushroom Fields Forever
I think it is safe to assume that Bill is a high ranking wizard in the illuminati and he is in complete control of the market. He is setting himself up to be a prophet so we can bow to him. Don't fall for this antichrist. You can tell from the picture that he is reptilian (obviously).

What, you didn't know that? You act as if this is the first time you've heard of this. Of course Bill is the AntiChrist! Thats why we all have to tithe 10% of our income to the Church of ATS. Didn't you read the Terms & Conditions when you joined??

LOL!

Only 50 minutes left in the US Markets, neither predictions were correct.

***UPDATE****



Well, the US Market Closed on this Monday August 13th, 2007.

This was really a mellow dramatic day.

[edit on 13-8-2007 by promomag]

IMO this will not be a currency collapse or anything to do with the dollar slowly falling

THIS mess in the financial systems is because of housing and the deregulation of the system which occured in the last few years that gave birth to a 30 TRILLION baby

it's name CREDIT DERIVATIVES it's like a Global casino gone mad

and the banks are throwing money in because they are freaked out that the DERIVATIVES SCHEME is going to collapse amid a liquidity crisis. 5 top banks hold 97 % of the credit derivatives JP morgan (who else) leads the way , bank of america , wachovia, citbank, Hsbc lead the way.

other country's need to continue supporting the dollar because it benefits them as well.

Michael Hudson predicted the derivatives would create a major long term shock to the finance industry due to the exposure it had to the housing situation. you can google his website which he did an interview on i tulip message board.

he also shows and explains how the only way the dollar collapses would be due to a Economic, Political, AND Military conflict. otherwise this derivatives mess will be GLOBAL.

this is the best explanation by a PRO about what is going on recently in markets

www.marketoracle.co.uk...

these are the footnotes from the four part Hudson interview (this is good stuff if this is one your cups of tea)

www.itulip.com...

I STRONGLY RECOMMEND READING THESE TWO LINKS

[edit on 13-8-2007 by cpdaman]

Originally posted by Crakeur

Originally posted by SkepticOverlord
We'll see a surge after the morning bell, and a finish of over 220 in the DJIA.

if you nail this, I'm going to suggest www.abovewallstreet.com as our newest addition to the network.

we can give you a live stream video, you can scream about stocks, act like a buffoon and pump and bash and in the backroom, we'll be buying and selling and making a fortune.

Not trying to derail this thread but how come no www.abovemoney.com or even a forum to discuss money and investing related issues. If i'm missing one on BTS or ATS please point me in the right direction. I know there are some really smart people on here and would love to see where some of the outside of the box thinking on here could lead (from a conspiratorial or BTS type perspective). I'm not asking for another stockpicking site (dime a dozen on the WWW), and as much as I respect the member base here there is no excuse for not doing your own Due Dilligence.

Are there any securities laws that would make such a forum too much of a liability to moderate? If fear and greed move markets this would be an interesting place to guage fear before it hits the uhhh people who don't read ATS.

Edit: Found this in the Freshman's forum thanks to UK wizard

www.abovepolitics.com...

I'm not exactly sure it's what i have in mind, but worth looking deeper into.

[edit on 13-8-2007 by jefwane]
Second edit to spell Freshman right.

[edit on 13-8-2007 by jefwane]

[edit on 13-8-2007 by jefwane]

Well it's Tuesday 14...does that mean this thread is officially dead? Probably will be after I post...I seem to have that effect
Anyway, what stood-out most for me from Bill's article was this line near the end: "The reported strength was somewhat at odds with the news from U.S. retailers, who had generally announced disappointing sales in July"

Seems that when I talk with the folks that earn their bread where the tires hit the economic pavement...mortgage broker friends, realtor's, builders, retailers etc...here in NM, I get a whole different opinion of US economic growth. I read somewhere that what actually shored-up the July retail sales numbers were Ipods and Harry Potter widgets The heads on CNBC were busy supporting the FED with their "subprime is such a small part of the credit market" litany yesterday. Not a word about the hidden enemy...over-the-counter credit derivatives. World central banks and their Wall St./High St. minions will do anything necessary to keep that genie in the bottle...anything.

Anyway, since the theme of this thread appears to be market soothsaying, and since I like to play the prognosticating fool as well as the next guy, I'll go ahead and put myself up for a dose of public scorn & ridicule. I see that the yen strengthened against several major currencies tonight including the US dollar. Since this tends to pulls $ out of US equities to unwind carry trades, I'll call for struggling broad markets tomorrow...but another $BB Fed injection, or a positive PPI report could be a mitigat-or. I further predict that this prediction is almost guaranteed to spark that 200pt DJIA rally.

By the way, I think jefwane made a great suggestion. Unfortunately, the Above Politics Economic Forum doesn't seem to get much love & attention. Having a centralized ATS forum dedicated to what appears to be a popular topic, could serve a useful educational function for the entire community

....but either way, thanks for a superior site!

Originally posted by MasterRegal
How about this, I predict a modest rally on Monday. Okay, maybe this, the bears win on Monday, but it is no crash.

This is what, the ninth prediction of a crash in the last two months?

Well what do you know, my "prediction" actually came true.

Originally posted by promomag
Only 50 minutes left in the US Markets, neither predictions were correct.

***UPDATE****



Well, the US Market Closed on this Monday August 13th, 2007.

This was really a mellow dramatic day.

[edit on 13-8-2007 by promomag]

Another mellow dramatic day, as the "ggggooood news" keeps rolling in!

OK, OK, so the market didn't crash. Still, It was a valid thought.

So many people think Friday the 13th is bad and terrible, but come on, IT'S FRIDAY!!!!

I've always believed that the Monday the 13th's should be considered the really sucky days, just because it's Monday.

There's my 2 cents on it

wupy

ATS is really slow for me right now......I have no idea why this popped up three times, i only posted it once.

[edit on 14-8-2007 by mrwupy]

Maybe it's time I did a clean install......something is screwy here....

MOD's, can you clean this mess up for me? delete these last two posts? They were not intended and I have no idea how they happened.

wupy

[edit on 14-8-2007 by mrwupy]

That was a triple response????

I don't think the 13th has anything to do with the market melt down!