China Has a Lehman Bond crisis Moment and The World Markets shake?
Is this going to spread here to our markets today and become a contagion ,some pundits says yes.
serf
https://link.cnbc.com/public/25090809
Global stock markets tumbled Monday, with Dow futures' decline of nearly 700 points, or nearly 2%, leading the way lower in the United States. A number of emerging investment risks led to the widespread selling. (CNBC)
* Hong Kong's Hang Seng Index dropped more than 3% overnight on concern about a possible market contagion stemming from embattled Chinese property developer Evergrande Group, which is teetering on bankruptcy. European stocks also sank as Wall Street followed.
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My prediction third week of Sept to second week Oct.
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One thing about the markets, they can only go up and down. I got out of the stocks years ago and put it all in much more stable investments without all the drama. I sleep better at night.
Joe
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select-fire: 30933102554651/comments/30933102627739
My prediction third week of Sept to second week Oct. 4th Quarter earnings...
Sounds like 1929 prediction, but it's going to be worst, at least people had gold and silver in their currency in 1929. The Federal Reserve has so many emergency powers now they will inflate until The Swiss BIS banks let Devaluation occurred on paper back US currency.
They don't need Congress to run it anymore until they bring in the COLLAPSE then COME TO THE RESCUE with U.S. crypto stable coin cashless society electronic money on the cloud with your smartphone as the new bill fold bank!
serf
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Former Treas. Sec. Timothy Geithner said more than 10 years ago : words to the effect; Don't worry about the market boys, the fed will feed $ into the market as needed. The printing press is in the basement going full speed.
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roenm38: 30933102554651/comments/30933110783771
Former Treas. Sec. Timothy Geithner said more than 10 years ago : words to the effect; Don't worry about the market boys, the fed will feed $ into the market as needed. The printing press is in the basement going full speed.
Yep, and one other note. Congress has the power to end all government debt and reset the clock.
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I'll wait for the nervous nellies that will panic and sell and drive the market down further before I buy. Timing is everything when it comes to getting bargains. Not sure where the sellers are putting their money today but it doesn't appear to be silver or gold. That's too bad for the big precious metal selling companies. You know the ones that say the dollar will crash and gold or silver will double in price soon but we will sell it to you for those same dollars. Of course they get a commission selling it to you and a commission buying it back. Kind of a win/win for them and a lose/lose for their customers. Guess I'll just stay in the market. Bob
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chiefr: 30933102554651/comments/30933103116187
https://forums.gunbroker.com/discussion/comment/11295156#Comment_11295156
Yep, and one other note. Congress has the power to end all government debt and reset the clock.
Most likely... and everything in the banks will be the govt. Think about it 95% of the people cannot raise 1500 dollars in their bank accounts. They will be happy when the wealth is taken away from the 5%
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Read today that the FED has your money protected up to 250k. Well the Fed Reserve only has enough backing money to cover 1.5% of the total in the banks. The other 98.5 % is gone in the wind when 1929 comes again and folks want their money
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BobJudy: 30933102554651/comments/30933126636827
I'll wait for the nervous nellies that will panic and sell and drive the market down further before I buy. Timing is everything when it comes to getting bargains. Not sure where the sellers are putting their money today but it doesn't appear to be silver or gold. That's too bad for the big precious metal selling companies. You know the ones that say the dollar will crash and gold or silver will double in price soon but we will sell it to you for those same dollars. Of course they get a commission selling it to you and a commission buying it back. Kind of a win/win for them and a lose/lose for their customers. Guess I'll just stay in the market. Bob
They don't sit on all that gold in World trade centers for nothing.,Bob and even you admit it's a currency. Now when Nixon stop trade for gold for imports and oil went up 300% over night for the early Ponzi dollar then now almost 50 years later the Ponzi scheme is about to bust,
Watch the bond market crash for all those paper traders chasing derivatives with their funny money! It would be funny but for all the people who invested in money changers schemes with A.I. and their nanosecond stock trades! It's nothing but a rigged casino game for most players.
I wonder how the E.U. is going to cope when Russia freezes them out this winter on natural gas prices!
serf
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We’re long past due for a crash. Tack on Covid and the Nincompoop in Office and it’s ripe for a recession at minimum. We ever have a crash like 1929 in this country again it will be devastating tenfold because so many people today have no clue how to feed themselves beyond going to the store or restaurant.
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They will be enslaved by corporate LLC farmers with A.I. tractors planting & harvesting GMO grains and most meats will be for the rich only! Food and famine is the greatest weapons against all the largest communities here in The USA.
After all the rioting starving and looting, the winners will surrender to The NWO ,gladly.
serf
ruger41: 30933102554651/comments/30933094839707
We’re long past due for a crash. Tack on Covid and the Nincompoop in Office and it’s ripe for a recession at minimum. We ever have a crash like 1929 in this country again it will be devastating tenfold because so many people today have no clue how to feed themselves beyond going to the store or restaurant.
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Friday was down.. Today probably 2.5-3% with the bleeding not stopping.
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select-fire: 30933102554651/comments/30933094594075
https://forums.gunbroker.com/discussion/comment/11295159#Comment_11295159
Most likely... and everything in the banks will be the govt. Think about it 95% of the people cannot raise 1500 dollars in their bank accounts. They will be happy when the wealth is taken away from the 5%
The problem is the 5% that have the wealth are in charge of the bank as well as the federal government. They will prosper while the rest of us gets crapped on.
The same people also control 95% of the information {Media flow}. Meaning: Blame will be placed on everyone and everything but the 5%.
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BobJudy: 30933102554651/comments/30933126636827
I'll wait for the nervous nellies that will panic and sell and drive the market down further before I buy. Timing is everything when it comes to getting bargains. Not sure where the sellers are putting their money today but it doesn't appear to be silver or gold. That's too bad for the big precious metal selling companies. You know the ones that say the dollar will crash and gold or silver will double in price soon but we will sell it to you for those same dollars. Of course they get a commission selling it to you and a commission buying it back. Kind of a win/win for them and a lose/lose for their customers. Guess I'll just stay in the market. Bob
Don't see much value in stocks selling for 20-30 times earnings.
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The week the market crashed in Oct.1987,I deer hunting and killed the biggest buck of my life.
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Even with the roughly 4% drop over the past month the DOW is up over 24% since last year and up 85% over the last 5 years.
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mogley98: 30933102554651/comments/30933092394523
https://forums.gunbroker.com/discussion/comment/11295167#Comment_11295167
Don't see much value in stocks selling for 20-30 times earnings.
Todays investors are paper pushers. They have a lot to learn . Inflation is coming hard ..real hard.
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