Category: Financial Crash
The analysis published under this category are as follows.Saturday, October 25, 2008
NYSE Stock Market Crash Circuit Breakers No Help to Portfolios / Stock-Markets / Financial Crash
The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2008 effective Wednesday, October 1, 2008. Circuit-breakers represent the threshold levels at which trading is halted market wide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30-percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.Read full article... Read full article...
Saturday, October 25, 2008
Stock Market Long-Term Projections Not Pretty / Stock-Markets / Financial Crash
The enclosed weekly chart of the DJIA has the look of unfinished business on the downside prior to completing the decline off of the October 2007 high. My annotated directional lines show what the chart would look like based on my current scenario of the Dow heading towards the October 2002 low below 7200.Read full article... Read full article...
Friday, October 24, 2008
Anatomy of Financial Disaster -The Next Stop / Stock-Markets / Financial Crash
These past few weeks we have laid the groundwork for the upcoming economic and financial mess. Lacking a textbook definition of a depression and outright refusal by the media and government to even admit we're in a recession, I will use the unscientific and arbitrary term ‘mess' to describe both the current and upcoming realities. After all, ‘mess' is a scalable term.Read full article... Read full article...
Friday, October 24, 2008
Stock Market Deleveraging Pain Continues / Stock-Markets / Financial Crash
Looks like the markets are giving us a little more pain as the weeks pass. A good time now to look at personal portfolios and see how much they have crashed. So much for retiring any time soon. I keep hearing how the savings rate is too low or non existent. What about the 401K? Weren't these supposed to be savings for our retirement? But what makes these things damnation is that they are totally controlled by the government as well as general market conditions. A real savings plan allows freedom of access instead of waiting till you're 60 years old. For gee whiz! A lot of us are going to be dead by age 60.Read full article... Read full article...
Thursday, October 23, 2008
Deflationary Economic Depression? Where to go from here? / Stock-Markets / Financial Crash
In September two significant events happened that will mark the month as the most financially significant in US history by far
1. Fannie Mae and Freddie Mac were nationalized; this was no surprise as I predicted in November 2007: http://www.goldmau.com..
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Thursday, October 23, 2008
S&P500 Stock Market Crash Compared to Nikkei Index / Stock-Markets / Financial Crash
This article features a long term comparison between the S&P 500 Index and the Japanese stock market as measured by the Nikkei Index. The Nikkei peaked almost two decades ago.Here is the first chart to consider.
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Saturday, October 18, 2008
Eight Forecasts in the Wake of the Financial 9/11 / Politics / Financial Crash
Forecast #1As we all sit back and wait for this year's October Surprise, please know that it came a little bit early this year on September 15th which will forever be known as BLACK MONDAY. Actually, the entire month of October is set up to be a series of Black Monday's, as well as every other day of the week is shaping up to be. It's really a good time to brace your self since this year's election cycle, and beyond, will bring with it a whole new season of surprises. Things like the beginning of the end of FIAT money – the real root cause of all our financial problems and economic ills.
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Friday, October 17, 2008
Stock Market Crash Alert- Last Chance to Sell! / Stock-Markets / Financial Crash
I hope you all took the sell signal I issued on Tuesday Morning. Even if you went short at the end of the day, you should be doing well by now. Friday is the last chance to sell short or get out of longs. The reason? Things may get a bit scary from here.Read full article... Read full article...
Thursday, October 16, 2008
JPMorgan Responsible for the Destruction of U.S. Financial System / Stock-Markets / Financial Crash
The tag team of JPMorgan as the monster and Goldman Sachs as its harlot represent a powerful pair that is more responsible for destroying the entire US financial system than 95% of the American public has any awareness. The colossus of JPMorgan is a monster, a predator, nurtured by pond scum. It has gobbled up Chase Manhattan, Manufacturers Hanover, Chemical Bank, Bank One, and more over the past two decades. Their profound presence in keeping the USTreasury Bond yields down can never be understated. They do so by managing 85% of the credit derivatives on the planet. They distorted usury prices, as in price of borrowed money, thus aggravating the LIBOR (London InterBank Offered Rate) market in a very visible manner.Read full article... Read full article...
Wednesday, October 15, 2008
Stock Market Crash Alert! / Stock-Markets / Financial Crash
Dear Friends,
I have been surprised so far at how orderly the market has been, despite the heavy l losses. Just as it seemed that the market would roll over into “the big one,” it would rally back from the brink. Tonight I was reminded of an interview I had with Andrew Smithers in 2005 and the article I had written about it. I did a follow-up article again in 2006. I had identified the problem correctly, but was too early. The original link to an article that was published in Barron's has been turned off, but here is another link that quotes the original article verbatim. Read the articles. This is very important.
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Wednesday, October 15, 2008
Losers in the Financial Markets Paper Money Casino / Stock-Markets / Financial Crash
When the Dow soared 936 points on October 13th , its 11.1 % rise was its best percentage advance since 1933—an advance which had occurred during the Great Depression.
Five years after its 1933 historic advance, the Dow Industrials were down 90 % from its highs and in 1953, the Dow was still down 75 %. When speculative bubbles collapse, the losses are staggering and prolonged.
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Tuesday, October 14, 2008
Stock Markets Bounce– A Reversal of Fortune? / Stock-Markets / Financial Crash
My first day back in office after a visit to Geneva and Dublin coincided with the best day ever for European stock markets and the biggest points increase in the Dow Jones Industrial Average's history. A pattern has started developing that the good days occur when I am in the office, whereas the sharp sell-offs tend to happen when I am travelling. I will keep you posted on my travel plans in case you want to factor that into your trading models!Read full article... Read full article...
Tuesday, October 14, 2008
Stock Market Crash Forecast in June 2008 / Stock-Markets / Financial Crash
Bottoms' Up?
Top down? It really does not matter now that the fat lady is singing at the top of her lungs. The ultimate effect however is yet unknown. One thing is certain; the era of corrupt 20th century capitalism is OVER.
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Tuesday, October 14, 2008
Stock Market Crash Forecast- What Comes Next? / Stock-Markets / Financial Crash
Is “A” bottom in?
Should the masters of the universe be successful (at least for a time) in maintaining their illusory, and subtle monopolies over the masses, the best hope that exists today, (or upon a marginal retest) is for an interim (a) wave terminal marking a low prior to a much more punishing (c) wave into the 2009 period.
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Monday, October 13, 2008
Historic Financial Month as Events Spiraled Out of Control / Stock-Markets / Financial Crash
So much has happened this month, where to begin? It's been a month to end all months with one monumental crisis following another. At times, events were moving so quickly it was hard to keep up. Many analysts we know stayed up all night, several times, as developments and markets spiraled out of control in what's being called a financial tsunami.Read full article... Read full article...
Monday, October 13, 2008
Financial Armageddon and the Last Man Standing / Stock-Markets / Financial Crash
As you know from yesterday's brief message I had a very bad feeling about what was coming based on the tentative title of today's piece, and sure enough Awaiting Armageddon appears to have been right on the mark in terms of outcomes in the equity markets, but certainly sooner than anybody had expected. And although I was not quite sure if precious metals would join this party concurrently or not, I did have my suspicions that were confirmed in yesterday's bloodbath, with not just the shares being dragged down due to liquidity fears, but also, the metals themselves. Why did this occur? Answer: Because in essence what we have here is a ‘deflation scare' that could quickly turn into the real McCoy if growth rates of the M's do not begin to accelerate upward immediately.Read full article... Read full article...
Monday, October 13, 2008
Analysts who Forecast the Stock Market Crash of 2008 / Stock-Markets / Financial Crash
We have just lived through one of the greatest stock market crashes in history, on par and in many cases exceeding October 1987. As I have iterated several times that the stock market crash would comprise of many crashette's rather than a single one day crash of the 1987 variety as 'most' of the worlds governments following 1987 have implemented circuit breakers and plunge protection teams in place so as to prevent a one day crash, and have thus stepped in during market freefall's to engineer a bounce, this has happened many times over the last 3 weeks. Still falls of as much as 10% in a single day's closing basis are still pretty significant crashette's!Read full article... Read full article...
Monday, October 13, 2008
Currencies and Cotton Candy Interest Rate Cuts / Currencies / Financial Crash
Jack Crooks writes: I understand that the lending system is in bad shape. Or more specifically, that it's barely functioning at all. We're well past the point when central banks and governments around the globe inexplicitly declared it their duty to save their economies. But they really unleashed their helping hands this week.Read full article... Read full article...
Monday, October 13, 2008
Is the Stock Market Crash of 2008 Over? / Stock-Markets / Financial Crash
Chaos and uncertainty rule in this market. People are scared and are in a panic. I'm sure you feel it yourself, especially if you have 401K's or other long-term investments in the stock market. Even though I've made a lot of money this year trading against the market and have been in cash for weeks now, I felt the fear myself after I tried to go long last Friday and took a 2% hit in my own portfolio for sticking my toe in the market just for a few hours.Read full article... Read full article...
Monday, October 13, 2008
Stock Market Crash Capitulation Low? / Stock-Markets / Financial Crash
Our Wizards Mike Paulenoff, Harry Boxer and Jack Steiman weigh in this week on the direction of the markets.
According to Paulenoff, author of MPTrader.com : The most salient aspect of the weekly chart of the S&P 500 is that despite the fact that the index closed 60 points off of Friday's low, the index at 899.22 also closed 198 points from the week's high, which means that the net result of this week is downside continuation. Although I would not be surprised to see the SPX climb to 960-1000 sooner than later, I also think that another loop down to 839 must take place thereafter.
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