The man who predicted the market collapse TO THE DAY in 2008 predicts October 24, 2011 as a collapse

reply to post by Philippines


Care to guess who built the nuke plants to power said infra?

reply to post by Drew99GT


Yes TY i was not betting on the 24th though I was betting more along the lines of the 28th of October! I feel divided, on one hand i want to see these banks crash but on the other I know that we will be the ones to suffer!
I feel like we can't win cause as soon as these things start to happen we will see panic at the banks, food markets, the gas stations, hardware stores and everywhere but where we should be! If you don't know where that is, then you just proved my point and since next week may be our last, Goodluck all, Goodbye and Godbless!

reply to post by nosacrificenofreedom


Yeah, not to mention people's retirements tied up in the stock market. People are so eager to see it all fall down and I can see their point but what about those who have worked for 20 + years that their money has gone into this and is something they are counting on for retirement. There are consequences for good hardworking people and to forget that fact is unwise.

Ok, I don't know about all of this other stuff. Going to check it out in a bit. As a trader, I will say the 24th looks very interesting. The market has shown an ability to rally for months on complete BS. Just look at Q1 of this year, all the way to June where there was an absurd rally on no substance at all... That could happen here, as the masses hear "this isn't 2008" and "we have hit bottom" over and over until they buy back in..... BUT

www.zerohedge.com...

The EU is coming apart at the seams. Last week there was a lot of talk, and hope that there was some solution to all the EZ's problems this week. Specifically on Sunday, which happens to be the 23rd. Markets seemed to rally on it, despite being complete nonsense. If EU leaders come to no conclusions on Sunday, and begin throwing around hopeless despair as mentioned in the above article, then what exactly are we looking at? Failure to reach a compromise to buy up Greek bonds will result in either an EU country defaulting on its debt, or getting kicked out of the EU before defaulting on its debt. Pick your poison. The second that becomes reality, banks fail, and markets drop hard and fast.

Nice pump last week, setting up an ideal dump this week if conditions do not improve. Starting with the 24th, fresh off what appears to be a complete failure of EU leaders to agree on a path of near-term solvency. Just playing the devil's advocate here. Going to actually watch the topic of this thread now, since tomorrow is shaping up to be a rather pivotal day.

BOA shifting derivatives says it might all come to a crashing halt as predicted.

Absolutely Unacceptable!
www.abovetopsecret.com...
by projectvxn
started on 10/23/2011 @ 11:38 AM

HOLY BAILOUT - Federal Reserve Now Backstopping $75 Trillion Of Bank Of America's Derivatives Trade
www.abovetopsecret.com...
by MidnightTide
started on 0/18/2011 @ 05:00 PM

This whole system needs a redesign completely its obviously still in place just to feed certain groups and morons still keep pouring thier money into this corrupt casino. One can only live in hope.

And so now the longest drum roll in history begins..
Just one day to go...My boots are already shaken without me

Man what's everyone going on about!??!!

Asian stocks are surging today on the grand news that the Eurozone sovereign debt crisis is about to resolved once and for all!! US Q3 GDP is looking to come in well over 2%. Japan has just unexpectedly posted a surplus for September! Times are bloody great!!! Money is literally falling out of the skies!!! Come on!! There's no chance of any financial market collapse!

Yeah I dont feel things are going to get worse.
Markets are pretty strong.

Tick,tick,tick,ticker,ticker... Stock Ticker, tick, tick...
(giggity), tick,tick,tick...

OK SO ITS THE DAY IN QUESTION AND THE MARKET IS ACTUALLY UP A DECENT AMOUNT RIGHT AT THE OPENING BELL, SO THIS ONE AND ALL OTHER PEOPLE PROPHESIZING AN EXACT DATE ARE WRONG ONCE AGAIN!

reply to post by fishman1985


OMG! IS THERE REALLY ANY DECENT REASON WHY YOU ARE TYPING IN ALL CAPS? STOP YELLING!

Originally posted by fishman1985
OK SO ITS THE DAY IN QUESTION AND THE MARKET IS ACTUALLY UP A DECENT AMOUNT RIGHT AT THE OPENING BELL, SO THIS ONE AND ALL OTHER PEOPLE PROPHESIZING AN EXACT DATE ARE WRONG ONCE AGAIN!

The Market had only been open for 50min... now who is prophesying

Originally posted by eldard
reply to post by Philippines

 

Care to guess who built the nuke plants to power said infra?

My guess would be GE (or some related company), but I don't see the big picture

Hey you guys

He clearly says that crashes do not happen on the end date of the Legatus meeting...

He says that it is the beginning, and the news that happens around these dates will begin to move the markets....

Has anyone seen the Drudge Report today?

www.drudgereport.com

Can someone take a screenshot of this and post it plz? I can't do it from this comp...

Here is the headline on Drudge right now.

VATICAN CALLS FOR 'CENTRAL WORLD BANK'

www.reuters.com...

I haven't read the article as yet thought I would post it 1st.

The head of the Vatican "Justice and Peace Dept" Cardinal Turkson is calling for a "supranational authority" to regulate banking and finance worldwide. Now I don't think that is going to work or be good for anyone. Talk about wanting "social justice" for the have not's, please. I say we should have let more banks fail back in late 08 and let the housing market fail on it's own. We wouldn't be going down still, I think we would have pulled out of this depression already or at least leveled off a bit.

Markets can only really crash in late-August to first week of November and from late January to May.

For the market to crash, there needs to be a vast number of people selling.

In December and mid-Summer, large numbers of people are on holiday, so even if everyone sells, there is just a slump, not a crash as the people not on holiday either hold or represent stockholdings whose sale is still small compared to the absolute total amount of stock issued and traded.

a trillion!

www.google.com...

APNewsBreak: Eurozone leveraging bailout fund

(AP) – 6 hours ago

BERLIN (AP) — A document obtained by The Associated Press shows eurozone governments are considering two forms of leveraging to boost their €440 billion bailout fund's capacity.

German lawmakers said Monday that the fund's capacity will be boosted beyond €1 trillion ($1.39 trillion) under the new rules.

The eurozone document, which Germany's government was sharing with its lawmakers Monday, shows the 17-nation currency zone wants to give the bailout fund the ability to provide investors with a partial insurance against losses from its member states' government bonds.

The document also foresees setting up a special investment vehicle "to attract a broad class of international public and private investors" such as sovereign wealth funds to buy eurozone government debt.

reply to post by sceptredisle

For a few weeks around Christmas, sure, but market volume is still high before and beyond that point. "Early November to late January" is just too broad to be correct, and it isn't wise discount a near term crash because of this assertion.