Is the market starting to crash?

[Libertytree]

I'm watching Fox biz and they seem to be freaking out. Dow down 180. This isn't my forte folks.

[Gaillo]

I'm watching Fox biz and they seem to be freaking out. Dow down 180. This isn't my forte folks.

I just jumped over to marketwatch.com to see the "official" spin on things. Looks like they're blaming it on Greece... several front page "Greece" crisis headlines.

[letter_factory]

So does this mean my nickel roll will be worth 500 dollars fiat?

[gunDriller]

So does this mean my nickel roll will be worth 500 dollars fiat?

in general, yes.

however, nickel is the one metal that has been off recently.

http://metalprices.com/

in the low $10's.

[Eyebone]

I have no training in this field so my impressions are based on nothing.

All the currency's are down against the dollar, the big indicators like the NASDAQ are showing bigger hits than I remember.

Oil is down, the Dollar is up and PMs are also up.

I don't have a clue.

[SilverMagnet]

Wall Street is spooked right now because the QE3 announcement hasn't taken place yet and won't take place until the Dow crashes a couple thousand points which will give all the justification to enact QE3. I would say around mid July to mid August is when the new announcement will be made. Then the printing press will be working around the clock which will provide an infectious band-aid to the diseased economy.

[Eyebone]

Wall Street is spooked right now because the QE3 announcement hasn't taken place yet and won't take place until the Dow crashes a couple thousand points which will give all the justification to enact QE3. I would say around mid July to mid August is when the new announcement will be made. Then the printing press will be working around the clock which will provide an infectious band-aid to the diseased economy.

Nice metaphor.

[Sparky]

If we define a "crash" as a 20% loss, it probably started May 2.

We are living through an exaggerated version of the 1970s. Market-wise, it looks we are currently in early October 1976. As such, the market bottom occurred in March 2009, but if history rhymes, we're going to lose 20% off the recent May high over the next year or so. That would put the Dow near 10K in 2012.

[ximmy]

The crash should have been 2008 but quantitative easing kept the bubble alive... it could have leveled out between 6000-7000 but no, wall street believes they are entitled to pre-2008 bubble numbers, while the real economy collapses...

[Spectrism]

Credit default swaps are about 50% held by US banks. When the PIIGS fail- or default, the big banksters take a hit.... BIG hit. They are working around the clock to figure out how they can get ObammaRamma the patsy to put bad debt onto YOU and bail out the assured crash that is coming for the banksters. If you liked TARP 1, you will really like TARP 2. I suspect it will be hidden so you really don't know that money is diverted to the oh-so-necessary rich banksters.

[Eyebone]

Credit default swaps are about 50% held by US banks. When the PIIGS fail- or default, the big banksters take a hit.... BIG hit. They are working around the clock to figure out how they can get ObammaRamma the patsy to put bad debt onto YOU and bail out the assured crash that is coming for the banksters. If you liked TARP 1, you will really like TARP 2. I suspect it will be hidden so you really don't know that money is diverted to the oh-so-necessary rich banksters.

Jeez you have some insight.

I hope the moron is staying up nights trying to think of a way to sell this.

[gunDriller]

i don't think the economy ever stopped crashing when TSHTF in 2007-2008.

but they were able to put lipstick on the pig so that it looked like an economic recovery, enough to re-assure 1/2 of America (the 1/2 with decent jobs ?).

now the question is, how will they play the collapse ?


sometimes the collapse is allowed to happen and/or made to happen once the chosen people have made it to safe harbor.

as Ruppert asked rhetorically in one of his speeches, "how many of you think the Great Depression hurt the Rich People ?"


i think part of the trick of navigating the next few years will be to figure out how much "skin in the game" the chosen people have. i.e., how much they can be hurt by a collapse.

if all the chosen people make it to "safe harbor", then the collapse can proceed, theoretically, without any chosen people being hurt, financially or otherwise.


just like if you see all the Rabbi's desert a city on some particular weekend, that could be an indicator of an imminent false flag.

when the Collapse of 2011/2012 is allowed to happen, we will hear "oh i'm so sorry, it's so terrible" and there will be enough crocodile tears to make us vomit.

[Neuro]

Technically the crash started in 2000, next leg down maybe...

http://home.earthlink.net/~intelligentbear/dj-au-ratio-lt.gif