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I want to stress from the outset, however, that this is more than a mere forecast. It’s a solemn warning:
The U.S. stock market is showing the kind of extreme volatility and severe strains that typically precede major implosions.
There is very little time left to get your money to safety. The collapse could come at literally any moment now.
If you ignore this warning, you do so at your own peril. The price for allowing temporary rallies to lull you into a false sense of security could be severe and could result in massive losses.
Originally posted by DrumsRfun
From your source.
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And I will show you how you could turn this impending disaster into a veritable profit bonanza.
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To me after reading that I doubt his motive.
[edit on 2-6-2010 by DrumsRfun]
The U.S. stock market is showing the kind of extreme volatility and severe strains that typically precede major implosions.
There is very little time left to get your money to safety. The collapse could come at literally any moment now.
If you ignore this warning, you do so at your own peril. The price for allowing temporary rallies to lull you into a false sense of security could be severe and could result in massive losses.
Originally posted by GreenBicMan
reply to post by Anonymous Avatar
Volatility is down more than 12% I believe today as of this moment
Markets are up right now over 2.5% on the day
Little time left? How so.. please explain
These debt crisis warnings tipped us off to the Dow’s 7000-point-plus collapse in 2007-2009 ... Now, they’re warning of an equally massive bloodletting directly ahead!
Yes, if we would have followed "Money Mike's" advice this morning we would have lost 4% + of total net worth. By missing the upside and then shorting into a 2.5% plus rally.
As I am a fan of Bender as well I really can't lay into you.
But there are 100 of these "experts" on every street corner of the internet.
Best advice is to ALWAYS DO YOUR OWN RESEARCH
There will be a time where we will crash again. And there will be a time that we will hit all time new highs again. But calling for impending disaster is never the right approach. That wreaks of misconception and nefarious alter motives.
Originally posted by Anonymous Avatar
Originally posted by GreenBicMan
reply to post by Anonymous Avatar
Volatility is down more than 12% I believe today as of this moment
Markets are up right now over 2.5% on the day
I am not sure how you are gauging volatility. However even with all the backroom engineering via Goldman Sachs, Federal Reserve, etc., we are still capable of the of the "Flash Crash" as well the DJIA has yet to go much higher than right under 11k as predicted by several insiders. There are fluctuations of several hundreds points up and down on a daily basis. To me in a given amount of time that is quite volatile given a two or three day spread you can swing back and forth several hundred points with no real gain in any kind of long term measurement.
Little time left? How so.. please explain
I thought this article explained it quite well. He summed it quite nicely with the following:
These debt crisis warnings tipped us off to the Dow’s 7000-point-plus collapse in 2007-2009 ... Now, they’re warning of an equally massive bloodletting directly ahead!
Yes, if we would have followed "Money Mike's" advice this morning we would have lost 4% + of total net worth. By missing the upside and then shorting into a 2.5% plus rally.
That reminds me of when my ex-girlfriend would talk about how much money she would save if she bought a whole ton of crap during a sale.
That is to say your statement is a very myopic point of view for anyone but the day trader. You and I and this article are looking at different time lines here.
As I am a fan of Bender as well I really can't lay into you.
Well I am not really concerned about anyone laying into me much less you. So if you feel you did me a favor then I will thank you as a courtesy. That being said, I am pleased we at least have a mutual agreement on our view of Bender.
But there are 100 of these "experts" on every street corner of the internet.
Indeed, however this particular article also shows what tools he used to draw his conclusions.
Best advice is to ALWAYS DO YOUR OWN RESEARCH
Again we seem to be in agreement here and I said earlier, this particular article has shared some seemingly obvious indicators as to what is to come.
There will be a time where we will crash again. And there will be a time that we will hit all time new highs again. But calling for impending disaster is never the right approach. That wreaks of misconception and nefarious alter motives.
I happen to think quite the opposite, that is, there are still descent human beings out there giving warning of what is to come.
Markets are up right now over 2.5% on the day
Originally posted by GreenBicMan