Warning - Stock Market Crash Imminent
The latest congressional budget deal doesn't fool investers on Wall Street.
They also see the handwriting on the wall. The Federal Government spending and stimulus is simply unsustainable. You can fool some of the people some of the time but sooner or latter it will catch-up. And that time time has finally arrived.
12 comments:
Whoever wrote this is exactly the kind of nut that makes these things happen. We don't need people yelling fire in a crowded theatre. The market is fragile, but I don't believe it is going to crash.
Wow, modern day Warren Buffet. Thanks for the tip, I will alert the Wall Street.
The logic behind your financial argument is impeccable, you must have gone to middle school.
The first two commentors are nothing more than sheeple. I don't know who wrote the posted comment but be reasonably sure he/she is preparing for the inevitable. To the author - you've done what you can to warn people. Focus your energy on further preparation of your personal issues. You will be in much better shape than most. Know that you are not alone. We are out here and while we are prepared to offer charity to the extent possible to those who are preparing for the inevitable, we will not be offering anything for those who refuse to prepare for themselves and believe they are entitled. Only the blind and/or ignorant refuse to see the troubled times that lie ahead.
I would say that the biggest nose dive in the stock market in almost a year - and on the same day that the debt ceiling and supposedly debt reduction legislation was signed and approved in the Senate - well it has my attention to.
That just goes to show you how weak the US economy really is.
To 5:54
I guess you don't follow Wall Street. The Dow closed down 266 points yesterday - and this doesn't happen on good news.
266 points is a small %. Calm down.
You guys surprise me , if the market does crash , your money will be worthless.
The best investment you can get now is canned food and lots of ammo.
Welfare people and illegals will be good targets.
Go ahead and pull out of the market and buy your canned food. Meanwhile, I will stay in the market, weather the ups and downs of it, and will reap significant financial rewards over the next 20 years. You will be eating 20 year old Spam, I will have the lobster.
9:15
Good luck to you my friend. I sincerely hope you are correct.
However, the facts are undeniable. The Federal Perverse Bank is expanding the money supply and driving up the price of all commodities. Get out of stocks and into commodities - such as the ones you use every day like FOOD, CLOTHING, WATER, SHELTER, and then some guns / ammo to protect them. If one has extra cash I suggest getting it out of the Banks and turning it into silver. Silver has much further to move than gold.
Good luck to all
For what it's worth, the market is down almost 1,000 points since 7/21
The whole debt ceiling crisis is just a false flag. The creation of a "Super Congress" as a solution to future fiscal problems should make everyone outraged. It means more power for government. Hyper inflation is what will take down the economy. I agree that paper will be worthless. Buy tangibles to hedge against inflation.
The debt load is the 800lb gorilla. It is crushing us. We cannot repay it and ALL the machinations being done are just smoke and mirrors to placate us into thinking its going to be all right. Wrong. It ain't gonna be all right. An economic CRASH cannot be stopped. Whoever thinks we are gonna dig out of this is naive and not paying attention.
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