Posted on 10/03/2009 8:33:18 AM PDT by blam
CAUTION: Stock Market Crash /Collapse Dead Ahead Say Faber, Rogers, Dent And Celente
Stock-Markets / Financial Crash
Oct 02, 2009 - 09:33 AM
By: Mac_Slavo
After a massive upswing in US stocks over the last six months, the recent rally may finally be coming to an end. It seems that the trend of rising stocks on bad or better than expected news may be in a reversal, as evidenced by market participants’ caution over the last couple of weeks. For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise.
Marc Faber, publisher of the Gloom Boom & Doom Report, advised his subscribers and followers to take positions in US tech stocks, the banking sector and hard assets at the bottom of the markets in early March of 2006. However, he did provide a word of caution on March 16, 2009, making it known that while he was a short-term bull on stocks, that eventually, the economic fundamentals would catch up:
“probably a total collapse in the second half of the year when it becomes clear that the economy is a total disaster.”
[snip]
“But...but...but we were promised...”
That promise, and $4 will buy you a cup of some exotic blend at Starbucks, too.
If these mutt turd losers are saying crash then you know it’s time to buy.
I wish these guys would be quiet. I don’t want competition just yet while postioning my puts and shorts yet.
I’m not so sure. Even after all the bad news yesterday the market was down only a little. It is as if there are people waiting for the market to drop so that they can get back in but it never really drops (so they give in and buy anyway). If it starts to look like the dems will lose badly in 2010 I think we could see a big rally.
If the PPT is propping up the market, it will support it at around 8000, where it will languish for years.
Celente’s latest “prediction”: the revolution is coming and it is going to end up with “progressive social with a free market economic ideology.” The “right” (conservatives, 40% of the country) are racists according to the libertarian future teller who calls himself a political agnostic.
Celente is a libertarian and they are trying to kill the Republican party so they can replace it with themselves. So all their spit is directed at debasing conservatives and forming bonds with the Marxists on the common amoral social ideology they share. Very defeatist and odd.
I am sorry to say I side with the turds. After a +40% run up from the March lows on the SP 500, I wouldn't be jumping in. I'd like to be as optimistic as Larry Kudlow who thinks it should pop to 1200. However, we have a president and congress that are anti small business, anti energy, and anti fill in the blank. It is tough to see how we sustain any meaningful growth. I think were just going to muddle along in a Jimmy Carter type malaise.
Speaking of “Conspiracy” shows and ‘Twilight Zone’.. Yesterday was TZ’s 50th Anniversary. Coast to Coast am had a special show for it. There best shows are few and far between, so I was really looking forward to it. I feel asleep 15 mins into it! Just for occasions like that I became a show member.. I’ll give it a listen sometime later.
Coincidentally, tonight’s C2Cam show is about the “Looting of America”. Director of two non-profits, Les Leopold will discuss how Wall Street’s casino-like practices which caused the first meltdown are back, and nothing has been done to protect U.S. taxpayers from another crash and bailout.”
http://www.coasttocoastam.com/
Harry Dent nailed it in his book in 1993 when he call from the start of a depression in 2007.
FYI:
In his 2006 work, Dent predicted, “The Dow hitting 40,000 by the end of the decade, the NASDAQ[’s] advancing at least ten times from its October 2001 lows to around 13,500, and potentially as high as 20,000 by 2009 … The Great Boom[’s] resurging into its final and strongest stage in 2007, and even more fully in 2008, lasting until late 2009 to early 2010.”
As the world realizes it we'll see the catastrophe.
The freedom that did exist allowed the individual or grouped savants to provide the innovation and prosperity that filtered to all. Once that was corralled and harnessed by government for controlled redistribution, the imagination and initiatives were abandoned, out of bureaucratic frustration and demoralization.
I have pretty much written Noory off as a Democrat cheerleader. However, I still tune in day after day. I listened some to the TZ conversation last night. I miss Serling and his genius. Tonight, I will tune in to C2C, but I will probably fall asleep after a few minutes also.
“Calling him: a nut; I’ve heard him.”
I’ve been following him for the couple of years and he has been very accurate.
He may be on some conspiracy show, but he is also on Fox and CNBC (or CNBS), not that that makes him legitimate. Let me put it this way, he’s more accurate than Bernanke and Geithner have been.
As Jim Rogers says about Bernanke and company “if I had the same track record of mistaken calls, you’d stop having me on”
Celente publishes a newsletter (which I get) so he has a history. Suggesting that somehow he has cherry-picked his successes is inaccurate. He is legitimate.
Celente publishes a newsletter (which I get) so he has a history. Suggesting that somehow he has cherry-picked his successes is inaccurate. He is legitimate.Assertion without cite; an unobjective observation.
No one is 'that good'.
A neutral third party needs to take a look at his actual record.
You are the one who criticized him without citing something, not me
why don’t you back up your insinuation that he “cherry picks” his successes
I could go through my newsletters and make my case but I don’t need/want to. I’ve used his advice and others to make/save a lot of money and don’t need your affirmation.
Anybody who uses a comment on this board to make financial decisions without doing their own due diligence is nuts
why don’t you back up your insinuation that he “cherry picks” his successesI cited a prior post, in a previous post of mine (I think it is still there) where his 'record' was posted, but no note of his failures, and furthermore I stated that a neutral 3rd party needs to take a look at his record.
His appearances on Alex Jones' wild wild conspiracy shows does little to help his credibility; one wonders how observant Celente REALLY is not to pick up on that aspect.
What's that old saying: Sleep with dogs you're going to get fleas. I say Celente has Alex Jones fleas ...
Kinda like the Romans sure loved their gladiators during the decline of the empire.
After all, he predicted the fall of the Soviet Union, the Asian currency crisis of 1997 and the subprime mortgage collapse.Of course, that's not all Celente has predicted. I looked at some forecasts Celente made roughly ten years ago in his book, 'Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century,' excerpted by Psychology Today in February 1997. Here are some of the lowlights.
Voluntary simplicity, once merely a counterculture ideal, will finally become a reality in the twenty-first century. ....Moderation, self-discipline, and spiritual growth will be the personal goals of the future, not material accumulation.Such a stunningly accurate description of the Bush years.... NOT. Apparently Celente missed the boom in SUV sales (at least until gas hit $4 a gallon). The good news: He's got another 92 years for this one to come true.The trend to convert lawns into gardens will have a significant impact not only on the way we eat but also on how we live and feel. ....Billions of dollars formerly spent on lawn care will either be saved or re-deployed into producing fresh food.I was just thinking that as I waded through the succotash on my front lawn.... Just kidding. Do you know anyone who's farming on their front lawn? Home lawn care products and services have grown (ahem) at a steady rate throughout this decade.Instead of being banished to nursing homes or retirement communities, large numbers of retirees... will move in with their adult children.The US nursing home population actually increased by about 70,000 from 2001 to 2007, according to a survey by UCSF.The videophone, meanwhile, will keep us in touch with faraway relatives. ...long-distance communication will be more like television.I love this prediction. People have been making it since, what, the 1950's? Eventually it has to come true.
Other Celente predictions:
- The public is going to demand that the government break up powerful corporate monopolies.
- The return of individuality will spell an end to the multibillion-dollar fashion industry
- Painting and sculpture will be revolutionized by the incorporation of virtual reality and computer technology
- The macarena was only the beginning. Look for Americans to embrace Latin culture--particularly its music--on a wide scale.
Whatever happened to Ricky Martin? I miss Living La Vida Loca.
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