Economic Depression/Collapse forcasted for Sept/Fall this year

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ImADad

ImADad

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Aug 19, 2015
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Yes, but they are derivatives and so they are still a bit sketchy even if they boom.

That being said, I made a few bucks today with mine.
 
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Laufen

Laufen

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ImADad said:
Yes, but they are derivatives and so they are still a bit sketchy even if they boom.

That being said, I made a few bucks today with mine.
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For sure. Also we're going to see the DOW turn around, then hit another low, then power through December.
 
Semi-Pro

Semi-Pro

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May 17, 2015
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Laufen said:
A friend of mine works for a well respected market forecasting and investing company. A deep correction has been a long time coming. This has nothing to do with "planned" conspiracies, it's just the natural way the market behaves.

Yesterday I purchased some FAZ 3x inverse the DJIA. If the Dow tanks, I'm going to make out like a bandit. I'd encourage the rest of you to look into inverse etf's to at least familiarize yourself with how to use them. They can be a lifesaver if played correctly.
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This is exactly what the stuff I posted from weiss resaerch was about
 
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Guardian Defense

Guardian Defense

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Aug 12, 2015
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Laufen said:
Corrections don't get worse per se, they simply retrace a market movement over time. We have all magnitudes of corrections in the market.

I 100% don't buy the planned correction, conspiracy bs. It's just paranoid idiocracy, coupled with a lack of understanding about the way the market works. The market is poised for a big correction though. When will it come? I dunno, October is always volatile, but maybe it'll be 15 years from now.

The market forecasting company I listen to regularly has their target number for the DOW at a scary low number, but they're careful to say that it isn't a prediction, but it's what the market indicates it will do. If we hit their forecast, hang on to your ass.
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That's the problem with forecasts....since the market is basically smoke and mirrors and based on speculation that goes WAY beyond fundamentals. I think if too many people start shouting 'crash crash' then it becomes a self-fufilling prophecy of sorts. Things like this make the puppet masters jittery. There are a lot of things coming together that COULD make for a 'perfect storm'. The Fed pretty much borrowed against our children's (and grandchildren's) future to bail us out of the last meltdown and now they have no bullets left to do much of anything other than sit back and watch the blood run. I think if they'd have just let things run their course in 08-09, it would have been bad, but not nearly as bad as this one is gonna be if the hammer drops.
 
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Laufen

Laufen

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I'm not giving financial advice here, but had you followed my recommendations 3 days ago, whatever you had invested would have increased in value by 31.6%. Not too shabby.
 
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Hoss

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Laufen said:
I'm not giving financial advice here, but had you followed my recommendations 3 days ago, whatever you had invested would have increased in value by 31.6%. Not too shabby.
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When you jumping off the train?
 
Laufen

Laufen

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Hoss said:
When you jumping off the train?
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We'll most likely have a small bump, hit another low, then we should..and I mean should be able to ride some stability through December. That's what I thought on Friday, but we blasted through the previous support of 16138 (or so) at the bell this morning, so we'll need to wait and see at this point. It still might go down that way.

Right now it's prudent to wait to see which direction physics wants to take this thing before making any rash decisions. For now, I'm holding my short position on the DOW, and just wishing that I'd invested more (like always), but pretty happy at my impeccable timing. I jumped in and bought FAZ for $10.19.
 
Sublimebeer

Sublimebeer

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My brother in law does is in private equity. Spends week days in New York and weekends here. Works for one of the big guys. I have been reading posts on this thread. I text him just a few mins ago. I asked about a economic collapse forecasted for September. This was his response:

Today wasn't a good day. But the fundamentals of the US economy are still very solid.

Hopeful that his is correct.
 
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