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The Next Two To Three Days Are 'Extremely Critical' For The Stock Market It May Crash 40%
BI ^ | 2-5-2014 | Matthew Boesler

Posted on 02/05/2014 9:40:05 AM PST by blam

TOM DEMARK: The Next Two To Three Days Are 'Extremely Critical' For The Stock Market — It May Crash 40%

Matthew Boesler
Feb. 5, 2014, 11:20 AM

    

Noted market-timer Tom DeMark did not sound optimistic about the prospects for stocks in an interview with CNBC this morning.

DeMark compared today's market to that preceding the Black Friday crash in 1929.

"When the market made its high on September 3, [1929], there were 23 subsequent trading days where the Dow Jones Industrial Average had a short-term bottom," he said.

"23 days aligns with the low end on Monday. And subsequent to that, we had a four-day rally, and then the market unraveled — went down 48%. We are currently at that inflection point. Like I said, so far, everything is aligned. We think the next two to three days are extremely critical."

DeMark explained why:

We get into the minutia as well as the long-term, and what it looks like to us — if we were to, yeah, just for as an example — if today were to be an up close, versus the prior day's close, and then tomorrow, we close down, and we follow with a lower opening the next day, and trade a little weaker, we're probably going to unravel quickly.

(snip)

(Excerpt) Read more at businessinsider.com ...


TOPICS: News/Current Events
KEYWORDS: 1929; crash; investing; markets; stockmarket
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Hmmm. Don't know.
1 posted on 02/05/2014 9:40:05 AM PST by blam
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To: blam
HURRY, HURRY, SELL IT ALL FAST BEFORE IT'S TOO LATE!!!

[Runs around with hair on fire]

Just kidding...

2 posted on 02/05/2014 9:42:12 AM PST by OKSooner ("As the riders went on by him, he heard one call his name...")
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To: blam

The Wall St. cheerleaders at CNBC are desperately trying to bail water from the sinking stock market. Only “buy-buy-buy” messages are welcome on air. By the way, this mindset is exactly why no one uttered a peep in 2008 before the crash.


3 posted on 02/05/2014 9:42:45 AM PST by txrefugee
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To: txrefugee
JP Morgan Holds Highest Amount Of Physical Silver In History
4 posted on 02/05/2014 9:44:48 AM PST by blam
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To: blam

Whaaduhyuhthink? We see this headline once a week, or once a month until Obama has finally killed of THE AMERICAN DREAM?


5 posted on 02/05/2014 9:46:06 AM PST by Graewoulf (Democrats' Obamacare Socialist Health Insur. Tax violates U.S. Constitution AND Anti-Trust Law.)
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To: OKSooner

I sold on the first “up” day after the first “big” drop day.


6 posted on 02/05/2014 9:46:20 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: MrB
Zero Hedger's will understand these two acronyms...

BTFD or BTFATH Bitchez!!!! MOAR!!!! You can't lose!!!

7 posted on 02/05/2014 9:49:38 AM PST by BreezyDog
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To: blam

They have had what, six major financial bankers commit suicide in the last week.

Yeah, I can believe it.


8 posted on 02/05/2014 9:49:47 AM PST by Beowulf9
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To: OKSooner

So stocks now paying 4.2% will be paying 7%?

I don’t think so. The thirst for yield and the need for income will prop up the market. Where are you going to go? Will you take a 2-year CD that pays .9%?


9 posted on 02/05/2014 9:49:56 AM PST by proxy_user
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To: Beowulf9
Is Anyone Really Surprised That The System Is On The Brink Again?
10 posted on 02/05/2014 9:53:09 AM PST by blam
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To: proxy_user
So stocks now paying 4.2% will be paying 7%?

Are you referring to the dividends?

Sadly, it frequently happens that, when a stock tanks, the company's board then also pours salt in the wound by reducing the dividend, as well (which, of course, can result in a positive feedback loop, as the stock price then declines further).

Regards,

11 posted on 02/05/2014 9:54:32 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: blam; dennisw; TigerLikesRooster

12 posted on 02/05/2014 9:55:09 AM PST by Travis McGee (www.EnemiesForeignAndDomestic.com)
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To: BreezyDog

I just sold because I know this market is going to crash sometime, and it looked like it was hinting at it last week.

IE, “fear”...


13 posted on 02/05/2014 9:55:18 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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To: blam
DeMark compared today's market to that preceding the Black Friday crash in 1929.

There was no "Black Friday" crash in 1929. The two sharp downturns in late October were dubbed Black Thursday and Black Tuesday, and the market bottomed out on Black Wednesday, November 13. But on the day after Thanksgiving, which we call Black Friday today, the market had begun to rally and was on its way back up.

14 posted on 02/05/2014 9:55:41 AM PST by Fiji Hill
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To: MrB
I sold on the first “up” day after the first “big” drop day.

Sold what? All five shares of BofA? Or all 50,000 shares of GOOGLE?

Regards,

15 posted on 02/05/2014 9:55:59 AM PST by alexander_busek (Extraordinary claims require extraordinary evidence.)
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To: proxy_user
Dude... chill. Have some decaf.

I said "Just kidding".

That means, it was a joke. I'll let you figure it out from there.

16 posted on 02/05/2014 9:56:31 AM PST by OKSooner ("As the riders went on by him, he heard one call his name...")
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To: All
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17 posted on 02/05/2014 9:59:27 AM PST by musicman (Until I see the REAL Long Form Vault BC, he's just "PRES__ENT" Obama = Without "ID")
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To: Beowulf9
They have had what, six major financial bankers commit suicide in the last week.

I heard it was dozens! /s

18 posted on 02/05/2014 10:00:25 AM PST by 1rudeboy
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To: blam
"Sooner or later everyone sits down to a banquet of consequences."

-- Robert Louis Stevenson


19 posted on 02/05/2014 10:01:49 AM PST by Iron Munro ("Show me the man, and I'll show you the crime." - Lavrentiy Beria (& Eric Holder))
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To: blam

Useless speculation.


20 posted on 02/05/2014 10:02:02 AM PST by I want the USA back (Media: completely irresponsible traitors. Complicit in the destruction of our country.)
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