Market crash prediction by kaneman

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Market crash prediction

POSTED BY: KANEMAN
UPDATED: Monday, December 6, 2010 15:05
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Saturday, December 4, 2010 7:38 AM

No doubt! China and Russia say they dont want to touch the dollar, but we're supposed to just believe all is well. Looks like the tax cuts wont be extended either, prepare for a huge market crash around Dec 15th.

We will take a bailout just like those fucking Irish cunts.

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Saturday, December 4, 2010 7:45 AM

KANEMAN

I now know that the USA is finished, I never thought I would see the day. Even in paypal accounts the US dollar is worth less than Canadian dollar..

Thank you Bush and thank you Barry.

Let's all make sure Ron Paul gets kept off the Finance chair by Boehner and the neo-cons. Lets watch America fail before our eyes.

Food stamps....record high.

I'm going to have a couple Jim Beam shots and going back to bed.

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Saturday, December 4, 2010 7:50 AM

KANEMAN

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Saturday, December 4, 2010 8:13 AM

WHOZIT

The Bush tax cuts will be extended, the Demorats have to put on a little show 1st to try to please their base. Barry knows he has to do somthing to save his already failed Presidency.

He doesn't want to be remembered the way Carter is NOW being talked about, plus I can't see Barry bulding houses or doing anything that would make him work up a sweat.

My guess is he'll let Republicans fix HIS mess and act like he's fighting them all along the way. He'll want history to remember him as "THE GREATEST PRESIDENT EVER!!!"

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Saturday, December 4, 2010 8:38 AM

DREAMTROVE

The logic of this thorough analysis of the fiscal sector is impeccable.

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Saturday, December 4, 2010 10:10 AM

CANTTAKESKY

Thanks for sharing the vid, Kane.

--Can't Take (my gorram) Sky

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Saturday, December 4, 2010 10:54 AM

CATPIRATE

I was depressed now I am suicidal.

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Saturday, December 4, 2010 2:06 PM

KANEMAN

Quote:
Originally posted by dreamtrove:
The logic of this thorough analysis of the fiscal sector is impeccable.

You know the saying.....Keep it simple stupid.

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Saturday, December 4, 2010 2:28 PM

DREAMTROVE

yep, the video was pretty good. I haven't looked at the market. After Xmas I might take a look.

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Sunday, December 5, 2010 7:28 AM

SIGNYM

I believe in solving problems, not sharing them.

I think you're wrong, Kaneman. WHY should the stock market crash??? Ya gotta think like a really rich person.

The ultra-wealthy are running around with oodles of USD (thanks to the quantitative easing two, or QE2). Since they believe the value of the dollar will drop (a good bet) they're looking for a place to stick their cash besides a bank. There's gold, foreign currencies, foreign stocks, real estate (foreign and domestic, commercial and non-commercial), agricultural land, commodities, foreign and domestic bonds, fancy hedge funds, fine art, gems etc. American stocks are ALSO a possible option.

One might claim that the American stock market has little intrinsic value, but one might also say that of pretty much any other possible "investment" (speculation). And with the value of the dollar going down, American manufactured goods might stand a chance in the export market. So... it seems that the US stock market has just as much as chance as any other speculative venture to increase in value.

However, the one thing that IS certain is that the average person (you and me) will experience the declining dollar as inflation.

And, I'd LOVE to get rid of the Federal Reserve. What a friggin' scam.

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Sunday, December 5, 2010 7:43 AM

CANTTAKESKY

Quote:
Originally posted by SignyM:
And, I'd LOVE to get rid of the Federal Reserve. What a friggin' scam.

Do you think it is even remotely possible to get rid of it?

Or is it more like my saying, "I'd love abolish income taxes," which you and I know will NEVER happen.

--Can't Take (my gorram) Sky

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Sunday, December 5, 2010 8:14 AM

SIGNYM

I believe in solving problems, not sharing them.

Not without a revolution.

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Monday, December 6, 2010 2:50 AM

KANEMAN

"American stocks are ALSO a possible option."

They are valued in US currency.

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Monday, December 6, 2010 3:56 AM

DREAMTROVE

Quote:
Originally posted by canttakesky:
Quote:
Originally posted by SignyM:
And, I'd LOVE to get rid of the Federal Reserve. What a friggin' scam.
Do you think it is even remotely possible to get rid of it?

Or is it more like my saying, "I'd love abolish income taxes," which you and I know will NEVER happen.

--Can't Take (my gorram) Sky

Yeah, it is, you just have to think outside the box.

Quote:
I think you're wrong, Kaneman. WHY should the stock market crash??? Ya gotta think like a really rich person.

You are thinking correctly, that line of thought could make you a lot of money

But really, I'm surprised by how many people *don't* see this one, you really nailed it Sig, the market is a dollarocracy. How the poor and middle class are doing has no effect on it at all.

I would think that bailout cash probably pours directly into the market. More tax cuts also pour into the market. More taxes on the rich? They'd have to sell something, markets would go down.

Quote:
Originally posted by SygnyM:

Not without a Revolution

But here's a serious question, and I mean this with all seriousness:

Signy, how do you and I end up in the same revolution? I really agree that this would be what would have to happen in order for a revolution to succeed but I think there would have to be some massive compromise and a lot of reason to get us to agree on it.

However, if we actually could breach that gap and *agree* on a revolution, then we stand a chance.

If you're interested, this deserves its own thread

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Monday, December 6, 2010 2:00 PM

KANEMAN

"You are thinking correctly, that line of thought could make you a lot of money
But really, I'm surprised by how many people *don't* see this one, you really nailed it Sig, the market is a dollarocracy. How the poor and middle class are doing has no effect on it at all."

Sure if you say so. Go out and by some stock then. What the poor and middle class are buying, or not buying, has the biggest effect on the market in general(at least as far as potential and future earnings)...Rich people are still buying BOSE systems. Most companies that sell only high end merchandise are either subsidiarys or small cap stocks. The average NYSE company needs poor and middle class to buy their products, when they don't big trouble. And we are in big trouble.

What I'm trying to say is look at wireless phones for example...Do you think the industry sells more phones to the "Rich" or to "poor and middle class"? You know the answer. Well, same with cars, tubes of toothpaste, video games, toilet paper and almost every product you can think of the masses buy more. When the poorer amongst us have no money to spend, when the "rich" are out of work, When things look meek the market is ripe to implode. We have not seen this type of market setting ever. Not when so much of the markets volume is done with everyday joe blows 401k, a possible tax raise during a recession, and no future job growth. Trust me this may be the perfect storm.

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Monday, December 6, 2010 3:05 PM

DREAMTROVE

Kane

Stock, the rich buy the stock, that causes it to go up. Do you still think after the mortgage market of 2008 that valuation is connected to the actual value of the the underlying? Sure, maybe they have no sales, but also, think how many of these companies are international. Your example of mobile phones, we represent 5% of the world market. I'm not sure that the change in our economy is going to crush sales. It's far more of a battle now for market share.

Yes, in general, a rising tide raises all ships, but at the moment I can't see that this is a global depression, it may just be our own financial stupidity.

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