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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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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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To: MrB
Stock Market May Look Iffy, But Dow Theory Says ‘Buy’
21 posted on 02/05/2014 10:02:44 AM PST by blam
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To: txrefugee

“Noted market-timer” is not a very impressive credential.
TC


22 posted on 02/05/2014 10:03:37 AM PST by Pentagon Leatherneck
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To: MrB

I take it you liked roller coasters as a kid, right?


23 posted on 02/05/2014 10:04:31 AM PST by ConservativeDude
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To: alexander_busek

It was mostly energy focused MFs in my IRA. They have continued to drop since the day before I sold.


24 posted on 02/05/2014 10:04:35 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: I want the USA back
"Useless speculation."

Useless post.

25 posted on 02/05/2014 10:04:36 AM PST by blam
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To: Beowulf9

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

I’m still here, but I guess I’m not considered “major”!


26 posted on 02/05/2014 10:05:16 AM PST by HereInTheHeartland (Obama lied; our healthcare died.)
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To: blam

You know when you should get your ass out of the market?
When they’re vehemently saying there’s nothing to worry about.


27 posted on 02/05/2014 10:05:29 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
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.

Is this what is referred to as "professional investment advice?"

28 posted on 02/05/2014 10:06:21 AM PST by dartuser
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To: ConservativeDude

I did the same move in Aug 08.
Saved my donkey.


29 posted on 02/05/2014 10:06:44 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: proxy_user

Exactly!

If you pull your money out of a balanced stock fund now you are guaranteed to lose money because cash won’t keep up with inflation.

With stocks at least you have a chance for some gains.

This isn’t 1929, a total crash of the market would make cash worthless too.

People would find out real quick that the money they thought they had in the bank, the one with the now locked door, was also invested in the markets.


30 posted on 02/05/2014 10:06:56 AM PST by Beagle8U (Unions are Affirmative Action for Slackers! .)
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To: HereInTheHeartland
I’m still here, but I guess I’m not considered “major”!

"Lieutenant Colonel bankers" just doesn't have that same rhetorical impact. Don't even start me on "Admiral bankers".

31 posted on 02/05/2014 10:10:08 AM PST by Billthedrill
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To: blam

I agree that the stock market is unusually “rigged” or “supported” by all the billions of newly-printed dineros being force-fed into it on a daily basis.

So it likely will go down at some point... (it always goes up and down, down and up...so THIS prediction is no great prescience).

Nobody, however, can predict a particular day for any stock market action.. Nobody.


32 posted on 02/05/2014 10:10:24 AM PST by faithhopecharity (C?)
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To: blam

On the plus side, that will go a long way towards addressing Income Inequality...


33 posted on 02/05/2014 10:12:04 AM PST by Buckeye McFrog
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To: blam

I’m not expecting great returns in the market over the next few years. A big dip would not surprise me at all.

But, these guys who predict dramatic doom on a definite date generally do it over and over, hoping to be right once and sell advisory subscriptions for years to come on the basis of that guess.


34 posted on 02/05/2014 10:12:48 AM PST by Pearls Before Swine
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To: blam
Crash? No way. The Fed will pour billions on the cooked books and never let a crash. Could be wrong but I think not during King Obama final term.
35 posted on 02/05/2014 10:15:17 AM PST by Logical me
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To: blam

Ahhh. A technical analyst. Well. At least there’s a legitimate basis for this prediction...


36 posted on 02/05/2014 10:17:19 AM PST by Wyatt's Torch
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To: MrB

Go long TVIX and HEMP...;-) HEMP was 4 cents a week ago.


37 posted on 02/05/2014 10:18:31 AM PST by BreezyDog
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To: BreezyDog

I thought hemp was illegal?


38 posted on 02/05/2014 10:19:41 AM PST by MrB (The difference between a Humanist and a Satanist - the latter admits whom he's working for)
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Comment #39 Removed by Moderator

To: proxy_user

We can all hold the dying dollar.

That should work. /s


40 posted on 02/05/2014 10:21:39 AM PST by OpusatFR
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To: blam

The only fear we have to fear is fear.. Or sumthin’ .. A Fabian Socialist President said something close to it not so long ago.

Our enemies have come home to roost and use the panic card like some use the race card.

It becomes tiring after awhile.

Stuff haPPens.

You may now return to panic mode.


41 posted on 02/05/2014 10:25:25 AM PST by NormsRevenge (Semper Fi)
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To: blam

HORSE PUCKY!!


42 posted on 02/05/2014 10:25:46 AM PST by cloudmountain
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To: MrB
HEMP
43 posted on 02/05/2014 10:25:59 AM PST by BreezyDog
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To: MrB

nicely done!

I sold a stock today which had been moving up even as everything else declined....and sold after some longterm serious gains.

So I’m hoping for a blood bath in days to come, so I can jump back in with that cash!!!!


44 posted on 02/05/2014 10:35:54 AM PST by ConservativeDude
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To: ConservativeDude

I keep buying back into the same fund while things are stable, at $X per month, but have baled on it a couple of times over the years.


45 posted on 02/05/2014 10:37:57 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: Billthedrill

If I jumped out of my window; I would fall about 2 inches.


46 posted on 02/05/2014 10:38:29 AM PST by HereInTheHeartland (Obama lied; our healthcare died.)
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To: blam

Bump


47 posted on 02/05/2014 10:44:12 AM PST by WashingtonSource
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To: blam

whatever. I am ready; whatever happens, happens.

the die is cast.

we have chosen to ignore our Creator.

we have murdered 55,000,000 unborn children.

we have made sodomy a celebration.

we have made our bed, we must lie in the same.

God have mercy on His remnant.


48 posted on 02/05/2014 10:44:42 AM PST by SoFloFreeper
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To: HereInTheHeartland

Yeah. I threatened to move my entire portfolio into gold and my broker offered to buy me a magnifying glass so I could see it.


49 posted on 02/05/2014 10:52:42 AM PST by Billthedrill
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To: blam

Reminds me of Jean Dixon, the sage predictor of general events some twenty to thirty years ago.

If she hit one, she looked like a real seer. Nobody mentioned her other 5,000 blanket predictions.

She did hit enough to be of interest. Never paid much attention.


50 posted on 02/05/2014 11:03:10 AM PST by DoughtyOne (Amnesty is job NONE! It isn't even the leading issue with Hipanics.)
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