Oct. 24: Stock Market Crash

[mmerlinn]

Originally Posted by ctophil

Hey everyone,

I know some of you don't like date predictions; but this guy from the Prophecy Talk forum has been pretty much flawless about the stock markets. He makes a great case with comparisons from past market crashes since 1929. Check the thread here and read up on his prediction of an Oct. 24, 2008 Stock Market Crash months ago. Check it out: http://www.prophecytalk.com/index.php?topic=5109.0

Oct. 24 is Black Friday as he calls it. We will see what happens next Friday! Note: He did mention that it may be the following Monday or Tuesday at the latest. So don't start pounding him if Black Friday isn't the lowest drop in a century.

-Phillip

We will see very shortly how accurate this assessment I made last July is correct. And ANYONE who did the same research and applied it could have made the same prediction.

Originally Posted by ralok_j

Isn't he off by a few weeks? Last week was black Monday, Tuesday, Wednsday, Thursday, Friday.

Actually, tomorrow is supposed to be a down day.

The prelude before the storm.

Originally Posted by pineal-pilot-in merkabah

http://www.prisonplanet.com/dow-jone...1929-rout.html

Thanks for the support.

Originally Posted by Ampgod

Let's stop this "Prophecy" nonsense!
I'd refrain from any specific dates. Nobody knows when exactly things will happen. It is strictly speculation.

We are all watching what is happening closely and will know when or if it happens.

Peace,
Ampgod

Obviously you never took the time to read my post. If you had, you would not have said, "It is strictly speculation."

No one is asking you to believe.

Originally Posted by kopenhagen

supposedly it's true, are you selling all your stocks now?

I have been buying puts at the tops and selling them at the lows. Currently bought one S&P put yesterday and have order in to sell it tomorrow near the projected low. If I am correct, I will sell it at over 10 times more than I paid for it. BTW, my current guess for S&P low is about 650 vs the 912 now.

In other words, I am putting my money where my mouth is. Are any of my critics here putting their money where their mouth is???

Originally Posted by Truth voice 2012

Not that im into prophecies or anything (Although I was hopeful that maybe something might occur Oct 14th) but I thought of the Half past human web-bot when I read this. If the Bible is the most common book on earth and widely available, Maybe the web bot spiders were picking up bible references from the net along with the bibles description of future events. Oct 1th - 7st 2008 is pretty good accuracy. The "release language" they found could be references in the bible to this "Great Tribulation" and our current timeline resembling bible descriptions of end times. Ive seen some of this bible stuff myself and its really accurate.

...

I think IF s*&t hits the fan it wont matter what you have invested and when to take it out. Money will be the last thing on our minds when we switch to survival mode.

Most of the research I did to make the Bible post was accumulated over a period of 40 years. Until April 2005 I was not able to put it together to make any sense whatsoever. What I have posted 3 months ago was mainly put together on 21 April 2005 and fleshed out in July when I posted them at these links.

Originally Posted by Swanny

I cant understand/believe that gordon brown sold all our gold when the price was really low

Ditto when Australia dumped their gold years ago.

Originally Posted by Knightbk

Are people asleep?
The stock market has already crashed.

A "crash" doesn't mean that it goes from X to 0, it just means that a large amount of wealth is lost, and that has already happened, at a greater degree overall than the Great Depression.

China and Russia are already both off by 50% and North America (TST, DOW) are off 35-40%.

The DOW doesn't need to go down any further to cause calamity because it ALREADY crashed and the consequences of that will be filter down to Main Street in greater number next year.

So this entire prophecy of a new "market crash" is really just a bunch of bs, because it already crashed. A few more points is irrelevant.

Just because a market is down 40% does not mean we have had a crash. A crash is when people are trying to get out of the market at ANY price, in other words a PANIC. We have not had a panic yet in this downdraft. I expect one tomorrow. We will see how close I am. For estimated numbers go back and read the followups to my original post.

And there is NOTHING 'new' about this prediction. Go read the original link and PAY PARTICULAR ATTENTION TO WHEN IT WAS POSTED. Then show me ANYONE ELSE at the SAME time OR BEFORE that made the same prognosis. Also note that I have said that I could have posted it as early as [21] April 2005, but did not - I know that is unprovable, but still true.

Originally Posted by Knightbk

It wont go down much lower. 5000 or so max, which is already a calamity.

You may be correct, but 6000 or so TOMORROW from 8600 today WOULD be a calamity.

Originally Posted by CosmicFever

Prophecy (pra-fo-see) An event or events that two or more people agree on ahead of time.

Self Fullfilled Prophecy: One or more nuts decide to make something happen because a bunch of people believe it will take place.

peace,
julie

ROFLOL.

Originally Posted by CosmicFever

The name of this thread, "Oct. 24: Stock Market Crash", is obviously dealing with both a date in the future and an event that hasn't occured yet. The title alone implies that there could possibly be some prophesy and/or predictions in the content. Perhaps if one is uncomfortable with that they should skip it and move on to another topic.

peace,
julie

Very good point.

Originally Posted by Xhaosis

predictions, are just guesses.. dreams, or even better, ...

Either way nine times out of ten, people won't listen anyhow.

PEACE

Most predictions are pulled out of a magician's hat, rabbit and all. Mine was not. It is the result of research and believing that history repeats itself. Does that make it correct? Of course not. But predictions based on fact can be correct a high percentage of the time, whereas other predictions have the statistical odds against them so high that they seldom come true.

More like 99,999 out of 100,000 times or worse that people ignore.

Originally Posted by Knightbk

Nobody knows EITHER way and analysts are only good at predicting the past after it happens I notice.

By definition analysts analyze AFTER THE FACT. They would not be analysts if they could predict the future.

**************

In a few hours, or days at most, we will see if the research and application of it again holds up under the scrutiny of real life.

[Sarahmay]

Mmerlin, very interesting about your prediction. I won't be too surprised if it happens...but I also wouldn't be surprised at a slower downturn. Either way, down it will go....

[warrenog]

Ok, I will be the first to admit I know nothing about the stock market and have only come to really TRY to understand it over the last couple of months and after listening to some posts by camelot. My question, is what exactly do you think will trigger this significant drop? Just a question.

[mmerlinn]

Originally Posted by warrenog

Ok, I will be the first to admit I know nothing about the stock market and have only come to really TRY to understand it over the last couple of months and after listening to some posts by camelot. My question, is what exactly do you think will trigger this significant drop? Just a question.

No idea.

However, a someone dropped a dollar bill on the stock market trading floor yesterday and it caused a STAMPEDE. Fortunately no one got hurt though it is known that the dollar bill changed hands at least 65 times before it disappeared.

Something as simple as that could be the trigger for a stock market panic.

[ctophil]

Originally Posted by mmerlinn

No idea.

However, a someone dropped a dollar bill on the stock market trading floor yesterday and it caused a STAMPEDE. Fortunately no one got hurt though it is known that the dollar bill changed hands at least 65 times before it disappeared.

Something as simple as that could be the trigger for a stock market panic.

What in the world? A one dollar bill? How greedy can you get? If a dollar bill can cause that, what would a hundred dollar bill do? I guess I should experiment.... Anyways, I look forward to a dollar crash more than a stock market crash. Because this dollar rallying bit is really getting on my nerves. The world's currencies all pretty much declining while the dollar goes higher than ever. People won't wake up until the dollar gets a hit. Because no one can afford anything. It's a much bigger deal than a stock market crash for main street in my opinion and quicker too.

-Phillip

[mmerlinn]

Originally Posted by ctophil

What in the world? A one dollar bill? How greedy can you get? If a dollar bill can cause that, what would a hundred dollar bill do? I guess I should experiment.... Anyways, I look forward to a dollar crash more than a stock market crash. Because this dollar rallying bit is really getting on my nerves. The world's currencies all pretty much declining while the dollar goes higher than ever. People won't wake up until the dollar gets a hit. Because no one can afford anything. It's a much bigger deal than a stock market crash for main street in my opinion and quicker too.

-Phillip

Was probably more along the line of "I have never seen one of these before. WHAT IS IT???"

[warrenog]

You made me smile on that one mmerlinn.

[elka]

I am happy to see you at this forum mmerlinn!

I read your whole prediction information and I want to say I really admire your work!

Most of people, I have noticed, are in a complete state of denial, they want to push away any warning them information they get!
They want to live in their little unrealistic worlds and believe anything unreal, but the truth is to hard to swallow for them!

The warnings from whistle blowers they call fear mongering!
The prophecies they are told they lough about, but the insane media and even more outrageous informations from fake prophets like Zacharia Sitchin they accept as absolute truth!

Thank you mmarlinn for your interesting take on a possible future events!.I do take them seriously, and for the last 2 years I made many steps to protect myself and my family from coming events!!

Now everybody is asking: How did you know!!( I sold my house 2 years ago for an absolute awesome price).
I simply researched on the information that many calls fear mongering!

[Knightbk]

There will not be a crash tomorrow.

It will go down 300-400 points, that is it.

[warrenog]

Thanks mmerlin for the info on derivatives. If I understand this info correctly from my first read, this stuff sounds very risky at best.

[mmerlinn]

Originally Posted by Knightbk

There will not be a crash tomorrow.

It will go down 300-400 points, that is it.

At 15 minutes before the close, it looks like you are correct for today.

And I turned out to be wrong 3 months ago even though this is the lowest close so far. However, earlier this month I posted this (http://www.prophecytalk.com/index.php?topic=5109.37):

One last note. The high I expected on the last day of August actually occured on the next business day, Tuesday after Labor Day. As a result, there is a slim chance that the 24th may not be the low. Instead, the day of the crash could be the following Monday or Tuesday.

[Xhaosis]

hmmm... Free market still alive and well...



DISSSSSSSSSMMMISSSSSSSSSEEEEEEEEEEEEEDDDDDDDDDDDDD DDDDD..


Enough of this Nosterdamis BULL ****...


Woke up from my nap thinking Armageddon was here...

Think its time for you guys to go find a job, instead of posting so much bs 24 hours a day, on this Good alternative news site...

enough perdictions already..

[ctophil]

Originally Posted by mmerlinn

At 15 minutes before the close, it looks like you are correct for today.

And I turned out to be wrong 3 months ago even though this is the lowest close so far. However, earlier this month I posted this (http://www.prophecytalk.com/index.php?topic=5109.37):

You might not be wrong. The stock markets are rigged and can change on its collapse at ANY time! The Illuminati are known to change things (based on changing times) so they can better shift their agenda. The Illuminati are
powerful (when I say powerful, I mean to speak the truth and not underestimating the enemies. I never exalt the enemy.) but are not perfect. Only Yahweh Elohim is good and perfect. They have to change their plans accordingly all the time. Keep this in mind.

-Phillip

[borrasca2012]

....pay me pay me pay me my money down,lalalalallaall

they just take back what bushi was in dept


the illus are making much money now with the crash and after......



the only one who loose money are the small people on the street

like you and me........we will pay for it......


......... one step closer to the NWO.............



....and u know what, i"m NOT afraid of it, hehe

[ralok_j]

Originally Posted by mmerlinn

At 15 minutes before the close, it looks like you are correct for today.

And I turned out to be wrong 3 months ago even though this is the lowest close so far. However, earlier this month I posted this (http://www.prophecytalk.com/index.php?topic=5109.37):

Blossom, is that you?

[capreycorn]

"BLOODY FRIDAY" (october 24 2008)
according to wikipedia ?!!
http://en.wikipedia.org/wiki/Stock_market_crash

[micjer]

Originally Posted by capreycorn

"BLOODY FRIDAY" (october 24 2008)
according to wikipedia ?!!
http://en.wikipedia.org/wiki/Stock_market_crash

Man that was added fast the day isn't even over yet!

[Knightbk]

Originally Posted by mmerlinn

At 15 minutes before the close, it looks like you are correct for today.

And I turned out to be wrong 3 months ago even though this is the lowest close so far. However, earlier this month I posted this (http://www.prophecytalk.com/index.php?topic=5109.37):

It isn't about you being right or wrong, anybody can see that things are going to get worse before they get better, that is the nature of a recession.

The problem with your predictions is that you take an extreme pessimistic view to everything (IMO) and that leaves you open to a lot of problems, the closer we get to the bottom.

Like it or not, the world isn't going to come to an end or turn into a Weimer Republic, the Politicians have a lot of tools at their disposal to keep that from happening, even if what they do is totally illusionary...

In my view, the Market is a bunch of BS anyways and governed more by the overall cycle Positive and Negative emotions than any underlying market fundamentals. If the Market Fundamentals actually mattered, the DOW never would have broken 8000 or 9000 in the first place and our market booms and busts would be much rarer.

It is clear most of the traders on Wall Street watch CNN, FOX, MSNBC and a few other sites for their "news" and react on that, not on any fundamentals, thus they are pulled by the nose by positive and negative emotion, not balance sheets.

Oil is a prime example of this. It shot up to $150 this summer due to speculation only and it is going down to negative speculation. OPEC wants to bump their price right now, but we are in a negative cycle. For them to get the price up, they need to do such a cut that it shocks the negative downward spiral into an upward spiral. Good luck with that. They cant stomach a cut of 10mbpd either.

I do believe that once the Election is over, a lot of negativity that is out there will finally come to an end because you wont have the two Parties telling people "VOTE FOR ME OR THE WORLD WILL END!". At that point, things will become slightly more "stable", as that political factor will be removed.

So do I think that we are in for Happy Days in 6 months? Nope.

I think that we are headed for 2-3 rough years and the DOW will go down further and probably bottom out in the 5000-6000 range.

However, history has shown in the past that the greatest amount of fear always happens as the DOW nears its bottom, just like the greatest amount of hype always happens as the DOW nears its top.

I am also a big believer in self preservation. The idiots on Wall Street, Main Street and 1600 Pennsylvania Ave will work out something, even if its illusionary because at the end of the day, that is all our current system is:
A series of crisis and calm periods.

[alice goes nuts....]

but what the big deal in the end, everyone saw this coming, now consentrate on how things will be in the future, now is time to start think about new sytems and how to not obey to this **** again, in another form, that seem tempting....people mist start small, not go into big sytems that semm to fit well.....this is about all this grouping activity....people must start small economical systems themself....
and the oppertunity will be there if a real collapse with starving etc comes up....people must learn to cooperate, do not make business with what you have left....then you start feeding this **** monster again....

i hope for a little more crack and wise people with cooparative ways of thinking.....so.....lets hope hard!!!

[Knightbk]

Originally Posted by alice goes nuts....

but what the big deal in the end, everyone saw this coming, now consentrate on how things will be in the future, now is time to start think about new sytems and how to not obey to this **** again, in another form, that seem tempting....people mist start small, not go into big sytems that semm to fit well.....this is about all this grouping activity....people must start small economical systems themself....
and the oppertunity will be there if a real collapse with starving etc comes up....people must learn to cooperate, do not make business with what you have left....then you start feeding this **** monster again....

i hope for a little more crack and wise people with cooparative ways of thinking.....so.....lets hope hard!!!

Depressions are always times of political and systemic change. These changes can be bad or good.

What we are going through now is a recession that will be sustained. The end result is millions will lose jobs, prices will come down, systems will collapse.

Out of the ashes, a new world will rise. It could be a good new world or a bad new world.

It depends on the mob and the change they demand.

[mmerlinn]

Originally Posted by warrenog

Ok, I will be the first to admit I know nothing about the stock market and have only come to really TRY to understand it over the last couple of months and after listening to some posts by camelot. My question, is what exactly do you think will trigger this significant drop? Just a question.

Here is something to consider:

http://jessescrossroadscafe.blogspot...nnot-take.html

And this could be the straw that broke the camel's back.

Massive failure to deliver would DRAMATICALLY push the market DOWN.

So would massive dumping of treasuries.

*************

Oops. Did not realize I double posted here until too late.

[eugene_vn]

I don't happen to use biblical prophecy to make stock market forecasts (though I readily admit it might be as accurate as any of a number of other methods), but the timing of Oct. 24 for a major market decline ("crash" if you prefer) seems about right to me.

As Knightbk points out, at this point, words like "crash" are relative. The stock market is already around 40% below its all-time peak. We are headed down to at least 1800 on the Dow and quite possibly, just triple digits. We will get there not in a day, but over a few years, in a process of many days of 3-5% declines, punctuated by occasional (and steep) rallies to the upside.

My next near-term downside target is 6800-7000 on the Dow. I wouldn't be surprised to see it go quite a bit lower. However, following that decline, we should see a sustained rally back up to the 8800-9000 level, possibly even shooting as high as 10,000. Therefore, whatever "crash" may occur on or around Oct. 24 should be seen as one of many sharp drops, rather than as a mammoth one-time event.

While a nimble trader could theoretically make a good profit going long at 7000 and selling at 9000 on the Dow, in reality, it's far too risky that (s)he would get run over by the great bear market. The strategy of buying put options discussed above on this thread can be a good option for savvy traders, but at some point, many of the brokerage houses themselves are going to go broke (no pun intended), and so even if your online trading account shows you as "having" hundreds of thousands of dollars, you could still find yourself getting stiffed by your bankrupt broker when you want to convert those computer entries into real money, i.e. gold.

[ctophil]

Originally Posted by mmerlinn

We will see very shortly how accurate this assessment I made last July is correct. And ANYONE who did the same research and applied it could have made the same prediction.

Hi mmerlinn,

Thanks for clearing up things in this forum and especially my own thread. Yesterday, we all saw a huge stock market decline, and the Nasdaq and S&P 500 hit new rock-bottom records! And today, we are seeing some extreme ups and downs. At this moment, the stocks are going down again. These are all precursors to perhaps what will happen tomorrow (October 24). Overnight, we also saw massive declines in the Asian markets. So everybody...hold on tight for a wild ride this weekend!

-Phillip

[warrenog]

Ok, here is another question to which I cannot find an answer. I have read article after article about derivatives, collapse of the dollar, etc. Can it be explained to me on an elementary level what a derivative is and how it works?
Also, how does it affect the dollar?