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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bear Beckons [Re: memes]
#22189640 - 09/04/15 07:10 PM (8 years, 4 months ago) |
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Quote:
memes said: with china open monday (after their holiday this week) and the US closed; i'm thinking tuesday's premarket might look worse
Monday September 14th. Dow down 7.77% to 14,415...
-------------------- Anxiety is what you make it.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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it's 2015
recent lows were 15,666
mark of the beast
grin & BEAR it
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Re: Bear Beckons [Re: memes]
#22191511 - 09/05/15 06:14 AM (8 years, 4 months ago) |
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Oh you ain't seen nothing yet. You about to get Shmitaed. Sept 14, 2015.
-------------------- Anxiety is what you make it.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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yeah i remember you talking about the shemitah a while back. i mentioned it to some jewish friends of mine who were bewildered (one is The accountant for mega mega hedge fund-type institutions, so I was expecting her to know, at the very least)
either way, we'll see what happens~!
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Confucian
...


Registered: 03/31/09
Posts: 1,741
Loc: USA
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Re: Bear Beckons [Re: memes]
#22191839 - 09/05/15 09:06 AM (8 years, 4 months ago) |
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There is always some religious fanatic claiming they have a prophecy from their friend that lives in outer space. It is so ridiculous I just can't comprehend how people buy into that type of thinking.
My uncle, who is a pastor, said this to me: "Now I'm not sure if you are into prophecies, but there is a Jewish Rabbi who is Christian that has correctly predicted every stock market crash. He is foreseeing another one this year, in the year of the SHITTARD". He didn't actually say shittard, I think he said "shmitah".
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Quote:
Confucian said: There is always some religious fanatic claiming they have a prophecy from their friend that lives in outer space. It is so ridiculous I just can't comprehend how people buy into that type of thinking.
My uncle, who is a pastor, said this to me: "Now I'm not sure if you are into prophecies, but there is a Jewish Rabbi who is Christian that has correctly predicted every stock market crash. He is foreseeing another one this year, in the year of the SHITTARD". He didn't actually say shittard, I think he said "shmitah".
Maybe he said it was going down the shitter.
To those not paying attention, we never really "got out of" the mess from 2008. Borrowing more and more money and getting deeper and deeper in debt normally leads to (you may choose only one)
1. Bankruptcy 2. Financial prosperity
-------------------- Anxiety is what you make it.
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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LE, that is true yet the left wing loonies proclaim that things are just great right now. One of them even said things were a million times better than under bush. They believe everything the govt says and anything in the msm. Logic just bounces off the shield of propaganda they have swallowed.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Quote:
Stonehenge said: LE, that is true yet the left wing loonies proclaim that things are just great right now. One of them even said things were a million times better than under bush. They believe everything the govt says and anything in the msm. Logic just bounces off the shield of propaganda they have swallowed.
But, watching Alan Greenspan on CNBC yesterday did anything but breed confidence in this economy. He (to paraphrase) said that the mountain of debt and all this hoopla about a mere quarter percent increase in rates after 6+ years is very concerning.
-------------------- Anxiety is what you make it.
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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I'm wondering if I should even be putting my money anywhere right now. I know it might sound weird but I don't feel comfortable without 5k cash on hand (in our emergency "bug out" bag) and at least a moderate supply of gold and silver. It's probably a moot point in a major emergency when it can just be seized.
False sense of security but makes me feel better.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Bear Beckons [Re: Adden]
#22276194 - 09/22/15 08:23 PM (8 years, 4 months ago) |
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Roar.
I think it's time for our next leg down. The charts, the metrics, the leading indicators, and even the news headlines - they're all still rolling over.
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Stonehenge
Alt Center


Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Bear Beckons [Re: memes]
#22276537 - 09/22/15 09:42 PM (8 years, 4 months ago) |
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I can't believe the big crash hasn't happened yet. Its simply amazing how long some things can go on without anything propping it up. The various markets have defied gravity or prices have been beaten down, mostly on commodities. This gives rise to opportunities because the correctly identified underpriced commodity can shoot up in value. The gravity defiers are sure to fall, but they are staying afloat better than willie coyote who hasn't yet noticed that he ran off a cliff and is standing on thin air.
Those who bet gravity would not be defied much longer find themselves impatient, waiting for the expected drop that hasn't come. What if the economy and stock market keep flying for several years? The short sellers get eaten up. I don't think it will happen that way but we may soon see something dramatic happen. These are the ides of sept we have been warned about.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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LunarEclipse
Enlil's Official Story


Registered: 10/31/04
Posts: 21,407
Loc: Building 7
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Quote:
LunarEclipse said:
Quote:
memes said: with china open monday (after their holiday this week) and the US closed; i'm thinking tuesday's premarket might look worse
Monday September 14th. Dow down 7.77% to 14,415...
China was down 7% that day.
This coming Monday September 28th I think sets up to be a BDD (Big Down Day). The charts and price action leads me to conclude this. With the Pope and China leader in town last week was a prop up week, but I think the real selling begins next week.
Aooooooga! Now Dive!
-------------------- Anxiety is what you make it.
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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ouch, japan took a hit last night. they were down 400 or so when i went to bed but i didnt think the bleeding would continue while i "slept". i'm interested to see how long this takes to play itself out
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Stonehenge
Alt Center

Registered: 06/20/04
Posts: 14,850
Loc: S.E.
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Re: Bear Beckons [Re: memes]
#22307349 - 09/29/15 10:02 AM (8 years, 4 months ago) |
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Its an ongoing slow motion train wreck. People are looking for a "black" day, a big dramatic fall but it seems it will be drops, rising part way back, then another drop etc. World wide debt has sunk the economy and it will get worse before it gets better.
-------------------- “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835) Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Well, July '15 may not have been too far off from what is now tangibly (transports, Russell, MSCI World Index, EURO 600) a Bear Market. US Equities bears to follow, as Iran comes online and China's debt bubble pops (equity market collapse has funneled cash right into the corporate bond market which will itself explode as recession hits Main Streets worldwide and China's already-pained export market further deteriorates (freight indexes and prices worldwide have tanked). China's recognition of nonperforming loans will sour its national fiscal situation, leading to further Yuan weakening, which (as we've seen in August and now again at the start of 2016) bleeds US equities even more.

whoever turned me on to Zerohedge, thanks again. It's been a good read these last 6mo
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memes
Blessed



Registered: 01/11/05
Posts: 27,785
Loc: In a Tree
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Re: Bear Beckons [Re: memes]
#22895800 - 02/12/16 12:47 PM (7 years, 11 months ago) |
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Quote:
memes said: Months and months ago I was in agreement with Lunar about some global economic troubles that might come about as a result of the divergences between USD strength and the inability of international players to afford that USD-denominated debt they slurped up during the greenback's long slide this past decade.
We watched the indices bounce all over. Greece (which had been a shitshow for a half-decade) got calamitous. Then the "deal" occurred. Greeks have the memories of drunks; they will forget the panic of this deadline and will, in time, revolt against the (now harsher) imposed austerity by the troika.
continued fun. Greece just starting back up. THe rest of the PIIGS looking equally weak. Euro banking just in a mess altogether, likely going to result in soverign rescue or by a depositer bail-in, perhaps in the form of negative rates on deposit accounts.
high-yield and (increasingly) IG credit looking suspect as continued oil price depression lasts longer than expected just a few short months ago: us domestic shale producers being found to have lower break-evens than previously thought, the proxy war between Saudi Arabia & Iran in Yemen now has a new theatre in Syria, where it's Russia/Iran/Bashaar Al-Assad vs US-backed rebels, Saudi Arabia & the US coalition.
Only recent oil priec spikes have resulted from ETF liquidations and likely-fabricated "rumors" of OPEC supply-side action to put a floor under Oil.
fun times ahead.
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Adden

Registered: 06/04/03
Posts: 39,201
Loc:
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Re: Bear Beckons [Re: memes]
#22895844 - 02/12/16 01:00 PM (7 years, 11 months ago) |
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Someone back home mentioned there's a few hundred workers from the Canadian oil sands who showed up to work one day and were all told to just go home.
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