Oct. 24: Stock Market Crash

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

Quote: 14 December 2008 --- 1260 days begin again. 2-1/2 years begin. --- World War III begins with attacks on the United States, the United Kingdom, and Israel.

Yep that just makes my day, month and year. Something to really ponder and look forward to.

As if there isn't enough dispicable acts of degeneration and sickness by humans on the earth, hey, it's not over yet folks, we have more wonderful things to look forward to.

I do believe in the Creator, angels, ETs and all the rest but sometimes I can't help thinking I would like to have a go at time travel, go back to the source and stop all experience except the positive, no fall, no nothing, that would relieve billions of living things excruciating carnate lives on earth. I can't stand even watching animal planet anymore, too upsetting.

[munkey]

Originally Posted by Tuza

.
I do believe in the Creator, angels, ETs and all the rest but sometimes I can't help thinking I would like to have a go at time travel, go back to the source and stop all experience except the positive, no fall, no nothing, that would relieve billions of living things excruciating carnate lives on earth. I can't stand even watching animal planet anymore, too upsetting.

If you only experience good things, you will never truley appreciate the good.
A cracker to a starving man is a feast, yet a cracker to a full man is a waste.

I prefere to experience both good and bad so I can truley enjoy the good.
I suffer from severe dermatitis, and a good day for me is when I wake up and my hands arn't itchy and rubbed until they bleed. if you never suffered it, you would never know the joy unless you experience it.

The hardest thing in most peoples day is what they are going to wear, I missed days at work because I was unable to do up my buttons because of the swelling and bleeding.

As much as I hate the condition, in a way I am happy I experience it, because it keeps me grounded and constantly questioning every part of my life.

I know this doesn't have much to do with the stock market crash, but there are far more important things than money out there, money will not make you smile like when a baby says its first words or crawls for the first time.
Money will not make you smile because it cant crawl into your lap and just be there because of who you are.
Money can't kiss you good night and just hold you,

worry about money everyday and you become it's slave,
always remember that the univers gives you what you need when you need it, not when you want it.

[Brinty]

Good post munkey, I agree all the way. I'd like to meet the bloke that invented money and give him a good talking to The next fellow who'd get the same treatment is the one who invented interest on money borrowed and finally, for the turkey that invented the stock market, another dose of the same.

Well, I probably wouldn't do any of that, but I feel a lot better after getting it off my chest.

[mmerlinn]

Originally Posted by Tuza

Quote: 14 December 2008 --- 1260 days begin again. 2-1/2 years begin. --- World War III begins with attacks on the United States, the United Kingdom, and Israel.

Yep that just makes my day, month and year. Something to really ponder and look forward to.

As if there isn't enough dispicable acts of degeneration and sickness by humans on the earth, hey, it's not over yet folks, we have more wonderful things to look forward to.

I do believe in the Creator, angels, ETs and all the rest but sometimes I can't help thinking I would like to have a go at time travel, go back to the source and stop all experience except the positive, no fall, no nothing, that would relieve billions of living things excruciating carnate lives on earth. I can't stand even watching animal planet anymore, too upsetting.

One of the significant days referenced in this thread is rapidly approaching us headon:

14 December 2008 --- 1260 days begin again. 2-1/2 years begin. --- World War III begins with attacks on the United States, the United Kingdom, and Israel.

In a few days we will know how accurate/inaccurate the above prediction was.

Now for an update before the day arrives. At the time of this prediction I firmly believed that this day would be a day of MILITARY attacks upon the nations mentioned. And to a large degree I still feel that way.

However, a few days ago there came rumbling out of China that they would "soon" revalue the yuan versus the U.S. dollar by about 30%. No date given, but with a populace bordering on mutiny, the Chinese MUST do something VERY SOON. Nothing happened over the last weekend, so possibly next weekend.

Chinese exports have plummeted and many factories in China have closed because of the condition of the credit markets. They have product to sell and no one to sell it to. Their biggest market, the United States, has basically quit buying merchandise of any kind regardless of where it is produced. So, suddenly, the Chinese can't sell their goods.

Rumor has it that China is partnering up with someone else to bring stability back into the Chinese market. No one seems to know who that "someone else" is, though. Unfortunately, to bring stability back, they must devalue the yuan AND find new markets at the same time, both of which will devastate what is left of the U.S. economy. The only reasonable place to find a new market is in Europe, and to crack that market the U.S. competition for the European markets must be neutralized.

So, my theory is that the Chinese are combining forces with Europe and with a concerted effort the U.S. will lose the European market and face national bankruptcy at the same time.

What is in it for the Chinese? A large market to sell their goods free from U.S. competion. Reopening of Chinese factories putting the simmering populace back to work. And repatriation of worthless U.S. dollars.

What about Europe? Greater hedgemony of the world's financial markets. Elimination of U.S. competition. A greater say in world affairs.

Is this guess correct? No way to know at the present time.

However, SOMETHING big will happen this next Sunday, whether immediately visible for all to see or not. The opening shots for WWIII are still on the table, although they may or may not happen. Also on the table now is a potential Chinese devaluation.

I cannot rule out nuclear attacks on the above nations at this time. Neither can I rule out Chinese devaluation. Either and/or both may happen along with other unknown events.

The likely scenario now is devaluation. Once the Chinese have exited the dollar in favor of the EU, then physical attack on the U.S. by Europe to eliminate all competition.

Regardless of what actually happens on the 14th, events that day will either be military defeat for the U.S. et alia OR a prelude to that same military defeat.

Because I can't rule out war now, I am packing my things and will be 300 miles from the nearest large city long before the weekend arrives. If war does not arrive, I will be back for a few weeks before again leaving the big city around the 16th of January. If war does arrive, I will stay gone assuming that my preparations for the last three years will be sufficient to stay alive until after Armageddon in 2012.

Anyhow, if I am correct, this will probably be my last post here. The Bible states that 1/3 of our populations will die during such an attack, with another third dying later of starvation & disease. In that scenario the internet would stop working. Also, I expect to be around 50 miles from the nearest connection making it impossible for me to post any updates even if by some miracle the internet keeps working.

[Swanny]

Europe attacking USA???
That wouldnt happen, the members of europe would be capable of winning if they joined forces but the countries of europe dont get on well enough.
So don't worry America your safe for the moment

[_N_]

Europe attacking USA? it will never happen (The Germans probably wouldn't agree with the French and the Italians would sit on the sideline discussing how to correctly cook pasta and that they don't like the design of their uniforms )

Knowing the USA, they fight all their wars away from home, I just don't see war coming to the USA - apart from civil/internal unrest.

[AndyH]

I'll make an amazing prediction right now for the 14th Dec...

Nothing of significance will happen.

[Dantheman62]

geez mmerlinn talk about doom and gloom!, but it actually makes me laugh, and swanny, gee thanks!, glad to know we're safe for now, HaHa, LOL! Did you ever see the movie The Patriot with Mel Gibson?

[hueyii]

Its a very slow crash. Stay tuned

[mmerlinn]

Originally Posted by AndyH

I'll make an amazing prediction right now for the 14th Dec...

Nothing of significance will happen.

I hope you are right. However, I am taking no chances.

[california]

Good post Ctophil.

Thanks for the input.

I love this kind of info!

[borrasca2012]

...o yes, this was right

[mmerlinn]

I just realized something.

This thread has been up 8 days. It has had 8465 views or over 1000 views per day.

Only other thread in the Economy and Currency subforum with a higher view count has 9935 views over a period of at least 18 days or roughly 500 per day. And soon this thread will pass it.

Originally Posted by ctophil

Hey everyone,

I know some of you don't like date predictions; ...

-Phillip

Makes me wonder where all of the views came from since some (a lot of?) people "seem" to hate date predictions.

[ctophil]

Hi everybody,

What I find interesting is that the day after mmerlinn's prediction (October 25), we find a lot of major, major problems in the world markets.

Here in the "Economy and Currency" section, somebody else posted this news tidbit about what's going on today, which is quite major in my opinion: http://www.projectavalon.net/forum/s...ead.php?t=6108

And then, China (a scary world superpower) said that everyone must banish or stop using the dollar as a world trade currency. They are blaming the U.S. for starting this "economic collapse." They are advising the Europeans to get together with them to start trading with their own currencies....no more dollars!! When this happens, we are in BIG trouble!!!
Check it out here: http://www.reuters.com/article/GCA-C...49N1XX20081024

So, mmerlinn's prediction may be more accurate than you guys thought. Actually, it's more of a global market collapse than just a U.S. one. There is something massive going on here right after Friday. They are just not telling us directly.

Some additional stuff from Half Past Human. They are saying the last Mondays of October are never a good time for stocks. So we may see something on Monday as well. Remember what mmerlinn said...he said that the lowest of lows in the markets may be Monday or Tuesday at the latest. Take those words for what they are worth. HPH also talked about there might be a dollar collapse because of the China article I posted above. Also keep in mind that stock market crashes normally happen in October as well. Next week is the last week of this month....go figure.

HPH Saturday update: http://www.urbansurvival.com/week.htm

-Phillip

[mmerlinn]

Originally Posted by ctophil

What I find interesting is that the day after mmerlinn's prediction (October 25), we find a lot of major, major problems in the world markets.

-Phillip

I have been closely monitoring the markets for the last three trading days. The U.S. markets seem to be 'controlled' to me, like someone is trying to prevent a collapse.

U.S. markets have been dropping in seemingly measured drops while the rest of the markets around the world have been dropping in the double digits. Overnight the Japanese markets hit a 26-year low. And our markets are marginally down??? No way.

After thinking about it, I am beginning to wonder if those billions of bailout dollars given to the banks are being used to prop up our markets. No way of finding out, but could be. The problem is that this is much much bigger than that paltry 700 billion. Sooner or later, the money propping up this market will run out, and we will have AN EVEN WORSE CORRECTION. As to when, that is anyone's guess, but the way the overseas markets are acting, it should be VERY soon.

[Exarx]

Im thinking in the same line as you mmerlinn. The big crash will come very soon indeed i think.

[elka]

halo mmarlinn,

I am absolutely sure the stock market in US is manipulated, and that trend will continue till elections.

For one reason or another, it's important for PTB to keep the illusion going till the votes are cast.

Then, this administration can also blame everything on the new president.
Better image for the son, isn't it?

[ctophil]

Originally Posted by elka

halo mmarlinn,

I am absolutely sure the stock market in US is manipulated, and that trend will continue till elections.

For one reason or another, it's important for PTB to keep the illusion going till the votes are cast.

Then, this administration can also blame everything on the new president.
Better image for the son, isn't it?

Steve Quayle talks about what may happen right after the elections here (.mp3 link): http://www.stevequayle.com/qf_october_24_2008.mp3

It's an interesting update to what is going on now, each and every day in the Great Tribulation.

-Phillip

[mmerlinn]

Well, the crash I was expecting did not happen as I expected.

Looking at the charts, we did make a yearly low on Monday, 27 October 2008, but it was a long drawn out measured low. Why? All I can think of is that maybe the billions given to the banks was used to prop up the market. No idea for sure.

On the 24th when I got up EVERYTHING overnight pointed to a MAJOR down day that day. The major indices were lock limit down, 60 for the S&P, 550 for the Dow, and I don't remember how much for the NASDAQ. And overnight, markets around the world were down down down.

Based on the last time there was such an occurance (Black Monday 1987), I was sure the markets were opening lower and going down down down as I predicted 3 months ago. Instead, the S&P and Dow open UP while the NASDAQ opened 100 points down. By the end of the day things were pretty much unchanged from Thursday. Monday saw a big sell off right on the close, making yearly lows. I had expected it to follow thru Tuesday. Nope. Opened up Tuesday and halfway through the day ROCKETED up, some 90 points on S&P and almost 900 points on the Dow.

Now the question is, "Why?" It is beginning to look like the Federal Government has decided that it is better to print more money and ARTIFICIALLY prop up the markets. If that is true, then I have to assume that the expected 2000 point drop in the Dow extrapolates into a 25% INFLATION prop. If so, when we look back in history minus the inflation we might STILL see that we had a crash on Monday. Only time will tell.

So, if the Fed did that, what can we expect? One of the biggest bull markets in history. However, if adjusted for the expected inflation, it will be one of the biggest bear markets in history.

How much inflation? Don't know, but based on the 1929 market slide, I think it will require a MINIMUM of 300% PER YEAR, or 25% per MONTH. Bottom line, literal WHEELBARROWS of money for a loaf of bread.

Think it can't happen? Look at this link: (http://www.boncherry.com/blog/2008/1...he-real-crisis). This is the HERE and NOW in Zimbabwe. If what I suspect is true about the crash being inflated out of existence, THEN WHAT YOU SEE THERE IS COMING TO AMERICA. Such a scenario WILL destroy what is left of our economy - No business will be able to keep up with HOURLY changes in prices. And those that don't will go bankrupt.

So, watch the financial markets. If the current bear markets suddenly turn bullish and then seem to go up with no top in sight, dig out your wheelbarrow because you ARE going to NEED it.

[Swanny]

I was wondering what was happening, all seems to be on the up again.

[Steve_A]

Hi Swanny,

All that seems is not always the truth.

I must say although I was suprised to see the rally, I wasn't shocked.

Over the last couple of days the US government pumped another 300b in the markets to help the banks out.

What does that mean?

Well in the short term it means that the banks have more liquidity, but the underlying truth is that the first installment made a couple of weeks ago didn't do the job.

So we need to ask ourselves what will be necessary to help avoid a crisis. Pump more money into the markets? Where does the money come from?

The US government I think on Monday wanted even more money by way of a second 'stimulous' package. Where does the money come from?

We also have to take into consideration that there is an election coming up and the one big issue of the campaigns is the economy. How can the current government let the DOW collapse and the economy collapse at such a time as now, a week before the election?

We also need to understand that although the index has risen, the volume was reasonably light. What does this mean? It means one of two things. That the market as reached the bottom and there are fewer players out there, because they've all gone under, or it means that nobody is buying or selling.

If we use logic, the former can't be true, as the government is wanting to pump more money into the market to hold it up. If the market had bottomed, the government wouldn't have to do that, the 'normal' market would sort itself out, like it did in 2001.

So that leaves the second alternative where we know that Paulsen has been monitoring the markets and has been in contact with investors. I posted this fact from an article I read on Yahoo!. Does that sound like external influence?

And what will happen when that external influence is withdrawn?

We need to understand that timelines and movements are subject to change. People who give their ideas are basing their conclusions with the trend and infomation available. In a 'normal' market the American bourse would have been history a long time ago.

Best regards,

Steve

Originally Posted by Swanny

I was wondering what was happening, all seems to be on the up again.

[ralok_j]

Originally Posted by mmerlinn

Now the question is, "Why?" It is beginning to look like the Federal Government has decided that it is better to print more money and ARTIFICIALLY prop up the markets.

Are you stating that the government is printing money and secretly buying stocks or did I miss your point?

Originally Posted by mmerlinn

If that is true, then I have to assume that the expected 2000 point drop in the Dow extrapolates into a 25% INFLATION prop.

Can you share how you extrapolated this inflation figure?

[aiwass322]

This is why math rules!!

Found this nice mathematical model (through an article on infowars.com) that can be used to predict market crashes. Russian economist Nikolai Kondratiev had this theory that economies as well as many other things behave like waves. His model predicted the 1929 incident and some people say that it has predicted a commodity price crash beginning in (yes you know it ....) 2008.

Have a look:
Link to Wikipedia

[mmerlinn]

Originally Posted by ralok_j

Are you stating that the government is printing money and secretly buying stocks or did I miss your point?




Can you share how you extrapolated this inflation figure?

You got my point exactly. Don't know if it is true or not, but SOMETHING is propping the markets up.

On the 27th the markets closed on their lows and on their annual lows. When market normally close like the formation seen in the S&P and the Dow, the next day the markets TANK bigtime. The nearest support on the Dow was 2000 points BELOW the close at 8000, or roughly a 25% gap to the support. That is where I got the 25% from as that is the only measure that is available at this time. In reality, it is really anyone's guess what the real number is, but whatever it is it is HUGE.