Dow at 13,000, How Long Till They Pull The Plug?

Traders at Market watch are clamming that they have quit there job just to trade in a million or so as they claim.
MarketWatch

It's funny on this, as I was just thinking about this last night. However, Beck, Lindsey Williams (coast to coast fame), Jones and several others predicted much of what we've watched the past 90 days or so...and predicted where this continues to go.

Part of those predictions that ran common through many of those who've been more than a little accurate was the hard push UP right before the last hard crash DOWN for the DOW. As I recall, those who spoke about it foresaw it coming when everything else was getting chaotic and the rise having no logical or sensible basis for happening. It just flys up while every bit of sense says it shouldn't be.

IF I still had anything in the market.....I wouldn't for much longer. This may be that magic moment everyone tries to find where things peak out right before dropping into 'people jumping off ledges' territory.

I dont know when the plug is going to be pulled, all I know is that this is completely unsustainable.
My guess is a greek default, or something happening in europe which starts the dominos off.
One things for sure, it's an incredible view up here, this bad boy can fall a loooong way down.

Dow is at a 4 year high, while unemployment claims are at a 4 year low? Gotta love election years. All seems a bit suspicious to me. Obama and his cohorts are doing everything in their power to make him look good for a second term. When it's the exact opposite. Obama is the arsenic that is poisoning this country. Along with all the other crooked politicians. What goes up, must come down. And come down hard it will. Gotta go pack my bug out bag.

reply to post by Agent_USA_Supporter


I think the TPTB know the date of the attack on Iran and will use that to make a fortune on shorting the market, when it plummets. I'm thinking March 22, 2012 when the moon isn't visible.

I just asked my husband, who day trades. He feels that this market is falsely pumped-up and is betting on a drop by buying shares of the VXX, or "panic index". It appears to be unsustainable, so it is a safe bet that the stock market is being propped-up by the big trading houses and the fed itself.

Typically it is like fishing: They put their bait out on the hook, and as it's gobbled up, they keep re-baiting the hook until enough people feel "safe", and think that the bait will go on forever. Then they pull the rug out and leave the suckers on the hook. Most home day traders lose their entire bankroll within the first year because of games like this.

I suspect there will be a drop soon, as there always is. The Dow at 13,000 is a lie, an illusion, and an unsustainable falsehood.

Isn't this the same thing they did to the European markets in the early 20th century? They got everyone excited to put their money into investments. Then the big guys pulled out all of their investments, the market and values crashed and then the big guys came back and bought up the banks, real estate and pretty much everything else for pennies on the dollar.

This has the earmarks of an engineered disaster waiting to happen, and this will allow tptb to grab onto vastly more amounts of wealth and property when the rest of us are broke from the crash.

reply to post by sheepslayer247


As always, sheepslayer, you're right on the money with your posts.

I just posted on General Chit-Chat about the anchor on the Bloomberg financial channel fussing about the Oscars.
www.abovetopsecret.com...

It just dawned on me that they tend to make a big deal about something not related to finances right before a big drop. It's all bait-and-switch....look over here, while we screw you over there....

reply to post by FissionSurplus



I agree, I think it would be a pretty safe bet to buy inverse stocks at these current prices, I mean the FAZ is currently 25.20!
Even if the market continues to rally past 13,000 just keep hold of those inverse stocks because when this thing blows it'll come down hard.

reply to post by FissionSurplus


Thank you for the kind words.

I was lucky/smart enough to yank my money out of the market in 2008 just before the crash. I knew it was time to get out when the stocks began to rise much higher than is expected for the value of the companies itself.

Inflated markets always deflate faster than we are able to get out of the market.....so I'm glad I am not investing right now.

Man, the US economy is on life support, and now gas prices are likely to hit an all time record this year. That will hurt the job market, make prices rise on all good and services (especially food), and stunt any hope of economic growth. Couple that with the debt woes and we are on the verge of the real SHTF scenario I think.

I know everyone and their mother has been claiming it's going to happen and it hasn't yet, but come on! If gasoline hits 5 bucks a gallon, you can be rest assured the average Joe is going to cut back on his spending because HE WILL HAVE TO!

If that scenario causes another huge panic in the financial markets like in 2008, the government simply can't bail the system out again without the entire thing collapsing.

All this over Iran's nuclear ambitions. The more I follow this stuff, the more I believe that what's happening is being done deliberately to permanently kill the US economy.