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CNN Tells Americans That The Stock Market Is Not Going To Crash

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CNN Newsroom - Photo by Doug WaldronOn Wednesday we witnessed the third largest single day point gain for the Dow Jones Industrial Average ever.  That sounds like great news until you realize that the two largest were in October 2008 – right in the middle of the last financial crisis.  This is a perfect example of what I wrote about yesterday.  Every time the market crashes, there are huge up days, huge down days and giant waves of market momentum.  Even though the Dow was up 619 points on Wednesday, overall we are still down more than 2,000 points from the peak of the market.  During the weeks and months to come, we are going to see many more wild market swings, but the overall direction of the market will be down.

Sadly, the mainstream media is still peddling the lie that everything is going to be just fine.  So millions upon and millions of Americans are just going to sit there while their investments get wiped out.  In the six trading days leading up to Wednesday, Americans lost a staggering 2.1 trillion dollars as stocks plunged, and the truth is that this nightmare is only just beginning.

Early on Wednesday morning, CNN published an article entitled “Why U.S. stocks aren’t headed for a crash“.  I had to laugh when I saw that headline.  If CNN is going to make this kind of a claim, they better have something very solid to base it on.  But instead, these are the five reasons we were given for why the stock market is not going to collapse…

1. “The U.S. economy isn’t on the verge of a recession.”

This is exactly what all of the “experts” told us back in 2007 and 2008 too.  In America today, the homeownership rate is at a 48 year low, 46 million Americans go to food banks, and economic growth has slowed to a standstill (and that is if you actually buy the highly manipulated official numbers).  The truth, of course, is that things continue to progressively get worse as our long-term economic decline continues to unfold.  For much more on this, please see my previous article entitled “12 Ways The Economy Is Already In Worse Shape Than It Was During The Depths Of The Last Recession“.

2. “China’s effect on U.S. is limited.”

Really? Go to just about any major retail store and start reading labels.  You will likely find far more things that were “made in China” than you will American-made products.  The global economy is more interconnected than ever before, and the Chinese stock market is the second largest on the entire planet.  Of course what is happening in China is going to affect us.

3. “American businesses are doing pretty well (outside of energy).”

Actually, they were doing pretty well for a while, but now things are turning.  Many large corporations are reporting declining orders, declining revenues and declining profits.  Unsold inventories are beginning to pile up and the pace of layoffs is starting to increase.  All of the things that we would expect to see just prior to another recession are happening.

4. “The Federal Reserve sounds cautious.”

This is laughable.  Ultimately, it isn’t going to matter much at all whether the Federal Reserve barely raises rates or not.  The era of “central bank omnipotence” is at an end.  Just look at what is happening over in Europe.  All of the quantitative easing that the ECB has been doing has not kept their markets from crashing in recent days.  Those that believe that the Federal Reserve can somehow miraculously keep the stock market from crashing this time around are going to end up deeply, deeply disappointed.

5. “Stock prices aren’t crazy high anymore.”

There is some truth to this last point.  Instead of stock prices being really, really, really crazy now they are just really, really crazy.  But as I have pointed out in many previous articles, the technical indicators are very clearly telling us that U.S. stocks still have a long, long way to go down.

But let’s hope that CNN is actually right – at least in the short-term.

Let’s hope that markets settle down and that things stabilize for at least a few weeks.

In order for that to happen, markets need to become a lot less volatile than they are right now.  The rollercoaster ride that we have been on in recent days has been extraordinary

The Dow traveled another 1,600 points during Tuesday’s trading session, adding to the 4,900 points the index traveled in down and up moves on Monday.

Markets tend to go up slowly and steadily when things are calm, and they tend to go down rapidly when things are volatile.

If you are rooting for a return of the bull market, you should be hoping for nice, boring trading days where the Dow goes up by about 100 points or so.  Wild swings like we have seen on Friday, Monday, Tuesday and Wednesday are very strong indicators that we have entered a bear market.

What we have been witnessing over the past week is almost unprecedented.  Just check out this piece of analysis from Bloomberg

By one metric, investors would have to go back 75 years to find the last time the S&P 500’s losses were this abrupt.

Bespoke Investment Group observed that the S&P 500 has closed more than four standard deviations below its 50-day moving average for the third consecutive session. That’s only the second time this has happened in the history of the index.

Of course after such a dramatic plunge it was inevitable that we were going to have a “bounce back day” where there was lots of panic buying.  Initially it looked like it would be Tuesday, but it turned out to be Wednesday instead.

But if you think that the big gain on Wednesday somehow means that the crisis is “over”, you are going to be sorely mistaken.

Personally, I am hoping that we at least see a bit of a pause in the action, but there is absolutely no guarantee that we will even get that.

As the markets have been flying around, more and more Americans are becoming curious about the potential for a full-blown stock market crash.  The following comes from Business Insider

This one’s pretty easy: according to Google search trends, more Americans are searching for “stock market crash” now that at any point since the last crash.

Right now, search traffic for the term “stock market crash” is hitting about 70% of the most volume this term has ever gotten through Google search.

And so while this data doesn’t convey absolute search volume for the term, we do know that Americans appear to be looking for information about a stock market crash at the highest level in about 7 years.

Very interesting.

In addition, Americans are also becoming more pessimistic about the overall economy.  According to Gallup, the level of confidence that Americans have about the future performance of the U.S. economy is the lowest that it has been in about a year.

And remember – it isn’t just U.S. markets that are starting to go crazy.  All over the planet stocks are crashing and recessions are starting.  In fact, I can’t remember a time when there has been this much economic chaos erupting all over the world all at once.

So can the U.S. resist the overall trend and pull out of this market crash?

Please feel free to share what you think by posting a comment below…

  • GSOB

    For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.
    1 Timothy 6:10

  • grumpyhillbilly

    Today was talk to my financial advisor day. It started with this is a good correction…well it could be more. Unemployment is down although many aren’t working. Since I am mainly in short term bonds, interest rates could effect the value, but bond holders will be first in line if the company goes south. And my personal favorite – everything is fairly regulated by a corrupt government. Makes me feel good.

    He did hear rumors of the 24 trillion federal debt triggering confiscation. However no one’s knows whether it’s true, and what they will grab. I’m thinking yes. The grab will be metals, savings, and guns.

  • Lone Patriot

    This means it is time to hunker down.



  • Alwaystomorrow

    The Economic Collapse Blog Has Issued A RED ALERT For The Last Six Months Of 2015.

    Published 6/25/2015.

    128 days until 12/31/2015.

    Lets do a count down every day until the end of 2015 and see just what happens.


    By Michael S, on July 31st, 2015.

    “And I kind of appreciate the countdown. It reminds people of my warning, and perhaps it will give some readers a renewed sense of urgency.”

    • loser

      Stop blackmailing Michael you loser!

      • Alwaystomorrow

        By Michael S, on July 31st, 2015.

        “And I kind of appreciate the countdown. It reminds people of my warning, and perhaps it will give some readers a renewed sense of

        • fwalker15

          Obviously any that took that warning and exited benefited significantly verses those that held and rode stocks lower. The issue now is not adapting and recognizing the trajectory is not straight to zero and profiting through seasonal dynamics that may prolong the inevitable. You’re actually foolish to believe that warning was incorrect.

          • Jodie Lynn Gaeta

            “Versus” not “verses”.


          19“Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20“But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; 21for where your treasure is, there your heart will be also.

          22“The eye is the lamp of the body; so then if your eye is clear, your whole body will be full of light. 23“But if your eye is bad, your whole body will be full of darkness. If then the light that is in you is darkness, how great is the darkness!

  • Rufus T Firefly

    Stock market declines of 20% happen twice a decade. If you can’t handle that, then you are not worth paying attention to.

    • jox

      Perhaps you are right. Ignore the alerts of this blog. Good luck.

      • fwalker15

        Honestly the alerts are ridiculous. Although there is a possibility of a significant decline in the 4th quarter after Oct 1, the number of opportunities missed between now and then aside from today the strongest move in four plus years while readers cower in fear is ludicrous. Obviously many here don’t know that crashes do not begin from all time highs which were occurring when those ridiculous warnings were given. Now that the correction is behind the markets when the bull is unable to achieve further all time highs a crash (30%+ decline) is possible…most likely in the 4th qtr after the mutual funds post reports on sept 30 and that’s only if key indices can not muddle their way through to January when the component companies can be swapped and divisor calculations modified. In which case maybe after April of July 2016. Maybe someone should learn the game rather than do viewers such a disservice.


          19“Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20“But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; 21for where your treasure is, there your heart will be also.

          22“The eye is the lamp of the body; so then if your eye is clear, your whole body will be full of light. 23“But if your eye is bad, your whole body will be full of darkness. If then the light that is in you is darkness, how great is the darkness!

    • Jerry C

      What say you when it drops 50%? 75%? Normalcy Bias I suppose.

  • jadan

    I asked yesterday what Michael sees on the other side of this economic collapse and my post disappeared. So I’ll ask again, what does Michael see happening when this collapse is over?

    • thechaosdjinn

      Stare long enough into the abyss and the abyss starts staring into you…

      This is the end…
      Of all elaborate plans, the end…
      I’ll never look into your eyes….again…

      • jadan

        Sounds grim, like a Jim Morrison tune. You mean the lion will not lie down with the lamb and a new world will not begin?

    • Harbinger

      This collapse will not be over anytime soon. Once the dust settles the next 3 to 6 months will be a sorting period.

      • fwalker15

        The dust never settles are prices never stabilize. Maybe get some more canned foods water and vitamins and wait inside your bunker. Don’t forget some seeds to grow some food while you wait for the big collapse!!!!

        • Harbinger

          You are entitled to your opion, what your not entitled to is an ignorant opinion. Continue with your insults and mockery for you only strengthen my position. ” That is why, for Christ’s sake, I delight in weaknesses, in insults, in hardships, in persecutions, in difficulties. For when I am weak, then I am strong.”

          • fwalker15

            You’re not your

  • Mondobeyondo

    CNN is part of the mainstream media.
    The mainstream media lies to the American public.

    There is as much chance of an economic recovery as the Raiders winning next year’s Super Bowl.

    • fwalker15

      Meanwhile in the real world any that believe your foolishness missed the best single day move in nearly five years and very likely a significant advance through the end of September and possibly longer. watch and learn.

      • Mondobeyondo

        True, but think long term, not short term. There may be a 1,000 point gain tomorrow, and a 7,000 point crash next month.

        • fwalker15

          The probability of an advance between now and the end of sept when mutual funds print their 3rd qtr reports seems much more likely than another leg down here. After Oct 1 the dynamics change dramatically again but IMHO there’s a lot of opportunities.

          • Nemnor

            fwalker15, it is people with your outlook that made it SEEM like “all is well with Rome”, even up to the very last few days of the Roman Empire.

            You are looking at Capitalist decadence (which will ultimately bring the World to total socioeconomic collapse/chaos), and you choose to see it as an “opportunity” to “grow wealth”, rather than be part of the change the World really needs in order to save the Human Race.

          • fwalker15

            You may want to educate yourself so that you are able to function in reality. Your delusions of “capitalist decadence that will ultimately bring the world to total socioeconomic collapse/chaos” and notions that “the World really needs you to save the Human Race” is the most ridiculous comment I’ve ever seen. Reality is you’re not even able to function and recognize reality and opportunities in this sugar coated environment with every imaginable resource available so the idea that you will some day only after a dreamed “collapse and chaos” somehow “save the Human Race” seems beyond absurd. Please pardon me from doubting your superhuman abilities but you’ve clearly displayed the most far fetched nonsense I’ve seen in my lifetime. Maybe try and educate yourself. Maybe you just might recognize some of the opportunities us neophytes see in the present reality until your proposed “collapse into chaos” and all your time will be needed to “save the Human Race. Roflmao… Thanks for the great laughs.

          • Nemnor

            fwalker15, the past 3 or 4 decades show that Capitalism has NOT been able to generate long-term recovery, and there is a fundamental reason for that (i.e. the system is at a stage of general over-production). It is only a matter of time, and (if we happen to live long enough) everyone will come to know more of what we now do NOT know and understand.

            Ultimately, the decadent Capitalist system will bring about WW-III (for the similar reasons it brought about WW-I and WW-II). At such times (if you are alive), you might begin to have a better understanding of the reality.

          • fwalker15

            In the meantime between now and then almost anyone can participate and profit in the current reality that exists and this “weakness” should be viewed as an opportunity to accumulate some “quality assets” just in case the reality that exists continues longer than “the warnings” suggested. You may be pleasantly surprised at the results.

          • Nemnor

            fwalker15, you speak as IF for every person that so happen to “profit” there is not many more that actually loose.

            You might not actually be the “winner” you are making out to be. You might just be one of those who continue to believe in the Capitalist system as you hope you might eventually be a “winner” – before it all go down into total collapse.

            Capitalism (“free market” or not) is ultimately NOT a sustainable economic system – regardless to how much some people wish it can go on forever. The USA (for example) has the same fate (eventually) as ancient Rome.

          • fwalker15

            First of all its lose not loose. As with anything the more knowledge or education and experience you have then the better your chances for success. Its not magic and maybe learn some very simple principles and systems and some discipline you may be surprised what you may accumulate while waiting for the world to meet the same fate as ancient Rome. Jmho

          • Jodie Lynn Gaeta

            Never mind correcting others’ misspellings. You really have a way with the run-on sentence.

          • Jerry C

            Or his “its” vs “it’s” or his singular nouns with plural verbs. Geesh.

          • leebo

            While everyone bashes you I am listening very closely. You enlightened me on TVIX and UVXY nuff said lol

          • True Grit

            For 65 years My family business has provided jobs, paid taxes, supported the church, and had enough profit to keep a livelihood for three generations.
            I think that’s been pretty sustainable!

          • Money Maker

            That is correct. Just went long S&P ETF yesterday. Look for this market to rally. Everyone is looking for a crash, not gonna happen. You all underestimate the power of these people.

          • Gay Veteran

            really? where was their “power” in 2007/2008?

          • Mr.Anonymous

            They stole it from the people.

          • Gay Veteran

            I meant the “power” to prevent the 2007/2008 crash


          19“Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20“But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; 21for where your treasure is, there your heart will be also.

          22“The eye is the lamp of the body; so then if your eye is clear, your whole body will be full of light. 23“But if your eye is bad, your whole body will be full of darkness. If then the light that is in you is darkness, how great is the darkness!

          • anon

            We should all be grateful to live in squalor and with nothing then because our riches our in heaven. Laughable at best. Pathetic at worst. Just a way to placate the down trodden who hope that they will live like kings in the afterlife and the kings like peasants.

          • Dan Rush

            You really are a fool. Only a fool would say there is no God. Think about your choice my friend, you have little time left to do so.

          • Gay Veteran

            try thinking for yourself

          • algol2000

            Surely, there is life after death. This is why even old men want to live forever. They cannot bundle their wealth along to the afterlife.

          • Jerry C

            God forbid the poor can live in peace. Oh my!

          • yoliyeve

            Yes, seems you have it all figured out

      • Gay Veteran

        hey Einstein, use ALL your money and buy the dip!

      • Mr.Anonymous

        Just like the single best day during the 2008 financial crisis?

        Actually, they had several of them.

      • Guest2

        Even if you’re right… not everyone has the money to spare to speculate. I sure don’t!

    • No reset

      Good bye and good luck all. Leaving. The doom and gloom crowd no longer for me. Thought for a while that collapse and reset would come but it won’t. Every 3-6 months it will simply be extended out another 3-6 months.

      • Si

        agree. enough already look. stocks back up 1000 in 2 days. yeah yeah i kno the biggrst increaee days were back in 2008 crisis.
        this is different tho. TPTB HAVE total control.
        its like a video game for them that is fixed.
        agree if collapse was coming it would have come. go live and stop making these bloggers $$$$

        • Mr.Anonymous

          They’ve had total control since 1913, what are you smoking?

      • Jerry C

        Patience my friend, patience. God will not be mocked.

        • lynseysnolan

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      • CASTIEL

        dont worry….when the avalanche cames down very few will see it 🙂

      • Blackhawk

        I have to completely agree with you on this one but we have to give some credit to these guys in alternative media, they just making a living out of gullible people like everyone else in the media. As long as an endless supply of people living in fear is attracted to these sites they will continue pumping out stuff to fuel a fear based audience. My advice: ditch the whole media and start living your life. Good Bye and Good luck All of you!

    • James

      The mainstream media includes people who think the stock market is going to crash(i.e. CNBC)

      The economy is not in recession according to NBER.
      Provide evidence that it is.

    • Janis Cannon

      my mate’s mother makes $98 consistently on the PC………After earning an average of 19952 Dollars monthly,I’m finally getting 98 Dollars an hour,just working 4-5 hours daily online….It’s time to take some action and you can join it too.It is simple,dedicated and easy way to get rich.Three weeks from now you will wishyou have started today – I promise!….HERE I STARTED-TAKE A LOOK AT….qe….

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  • Nemnor

    Michael, I consider this to be one of you best articles, because of the “objective” response to the 5 CNN (“talking head”) points.

    You asked – “…So can the U.S. resist the overall trend and pull out of this market crash?…“.

    As the leading Capitalist economy, it is impossible for the US to resist the general decline of the now decadent and decaying world-wide Capitalist economic system.

    However, for a while (yet) the US would SEEM to be doing “better” than most other leading Capitalist economies, because of the special (even unfair) advantage the US has, with the US$ being the major reserve currency of the World.

    Once the World finally moves away from using the US$ as a (major) reserve currency, that is when the US is likely to sink to “third world” level. However, it is likely that the USA will “trigger” WW-III, in a last desperate (mad-dash) attempt to prevent (they hope) the USA from sinking to “third world” level. In fact, the USA is ALREADY knowingly taking convoluted (and not so convoluted) actions that could eventually lead to WW-III. The Ukraine issue (to provoke Russia) and “war games” (aimed at provoking North Korea) are examples of the dangerous foreign policies of the USA.

  • K

    CNN lies. Stock advisers, lie. The price of precious metals is a lie. Just about anything in this Country is a lie. How long before everyone figures that out? You notice how much silver has dropped? Go ahead, see how much physical silver you can buy. With the price dropping, it should be widely available, but it is not. It is all smoke and mirrors. Sad how many keep falling for it.

    • Nemnor

      K, “smoke and mirrors” is one of the key methods used by the Ruling Class (“the 1%”) to keep the decadent and decaying Capitalist system going for a while (yet), as the system continue on a general relentless decline towards total socioeconomic collapse/chaos and/or World war.


    Baby boomers are close to retirement or in the early stages thereof. Traditionally, retirees would rely heavily on government bonds for their steady and “risk free” income. Considering that bonds have had yields approximating the inflation rate, those boomers have continued their ownership of riskier assets in the stock market. Add that to the fact those boomers lost a huge amount in ’08-’09, and they were piling into stocks even more so they could juice up their retirement portfolios.

    The Fed really screwed this up with quantitative easing. By buying so many bonds, they forced people out of the bond market by making them unattractive investments. That money went into a bubble in equities and, amazingly, property again. There were financial consequences for poor decision making in the last crisis that were not born out by those who caused the crisis, and the ledger must still be reconciled….

    • Nemnor

      LWZRGHT, the level of (economic/financial) irrationality and craziness you observed are really SYMPTOMS of the decadent and decaying world-wide Capitalist economic system.

    • fwalker15

      Traditional asset allocation suggests 100 minus your age into equities/stock exposure. Anything over that the adage of a fool and his money soon part likely applies.

      • ThistleMeThis

        Sounds like a damned fool idea. Even if it was 1995 again.

        • fwalker15

          Speaks volumes as to how much you do not have and likely never will. Sorry for your luck.

          • ThistleMeThis

            If Central Banks purchase stocks in order to support equity prices, what is the point of having a stock market? The central banks ability to create money to support stock prices negate the price discovery function of the stock market. In essence a complex system of a simple shell game. Your response is weak and pathetic.

          • fwalker15

            Weak and pathetic is believing such childish nonsense while tens of millions prosper by those methods while laughing at notions like yours.

          • ThistleMeThis

            Nice vapid and shallow response to a rational and logical question. You’re a shill bitch and spewing bile like it’s your paid job.

          • fwalker15

            I laugh at your kind for free its priceless

          • ThistleMeThis

            Yup. Shill. May as well be a chat room robot peddling cam girl links. Pathetic

          • ThistleMeThis

            I laugh at your kind for all it takes is China to hiccup a 2% devaluation and the market goes full retard. This is only the beginning of a global currency war. You think stocks are going to save you? Awesomely ignorant.

          • guest

            F, you come on here day after day,with your condescending arrogance towards others. You delight in making others look like imbeciles. And honestly, I feel sorry for people like you. Because more than likely you are a very lonely person with a very low self esteem. Seen it far too many times. Get some counseling, please.

  • joel

    Is it just me, or are there more trolls on this forum spewing the “everything is awesome” mantra than before? It seems that when the market was somewhat docile and Michael was posting statistical articles, barely a peep. Now that the actual crash is forming and genuinely starting to happen, (exactly like Michael said it would), these trolls bathed in irritants are coming out of the cracks in droves- with some barnacles that don’t fall off very easily (alwaystommorow). It would seem they are actually unwittingly verifying the reality of the crash…simply by Michael stating the truth. I guess the real question I’d like to ask to these eager naysayers:

    what’s it like to be controlled and predicted? You fall into the trap of God’s sovereignty any way you answer. Any response verifies the truth of what Michael has stated on here for months and years. You can’t escape the role you play or the fate you will encounter. So pound away on the keyboard with all the muster you can rummage up to say how we’re crazy, Michaels wrong, I’m insane…because you’ve been predicted:

    That you should remember the words spoken beforehand by the holy prophets and the commandment of the Lord and Savior spoken by your apostles. Know this first of all, that in the last days mockers will come with their mocking, following after their own lusts, and saying, “Where is the promise of His coming? For ever since the fathers fell asleep, all continues just as it was from the beginning of creation.”…

    2 Peter 2:2-4

    I know, I know….you crazy Christian kook….where’s your John 3:16 sign, blah, blah, blah.

    But please, by all means…retort away. You only, and ultimately, affirm the truth.

    • fwalker15

      Roflmaoooo any chance you can explain 4% or best day in nearly five years opportunity that your super natural ideas prevented you from profiting along with the millions or possibly billions of naysayers that did enjoy those gains which you were “warned” of ???? Roflmaoooo

      • Marco

        She says as she lost the same amount yesterday that she profited today.

      • Jodie Lynn Gaeta

        “Supernatural” is one word

        • 🙂 Don’t worry Jodie he is an “Old Wall Street Genius” (lol) who likes to bash others with “copy and pasting” ideas from Keynesian school books, without one bit of understanding of what he says (which is why he really do need to use a lot of economy and finance slang to look more intelligent – TVIX, UVXY, let me put some percentage here and there in my phrase because it looks more professional)… a genius sure, but have a huge handicap in basic spelling and syntax construction…

      • Guest

        Yep, always the pat reply. Totally skates around the context of the comment just to go into his usual rhetoric of money. Yawn.

        • In a sense, all his comments are the basic proof that fwalker15 is a troll and a childish moron, and not a pro or a real trader – a real pro will not lose his time on this kind of blog but makes a lot of money – because REAL traders have other things to do than lose their time on blogging absurdity and bash others (time IS money in the Financial World, manifestly fwalker15 is a deep imbecile who really think that he is writing here to teenagers)…

    • Alwaystomorrow

      Capital “A” on Alwaystomorrow please.

    • Guest2

      Oh I believe you are quite right. BTW, looks like now the only way I can post is by either hooking up with disqus (which I do not want to do) or “post as Guest2”

      Not sure why but I suspect it’s more shenanigans from Microsoft. I don’t use IE.

      • Guest2

        I forgot to add, I’m Orange Jean


    last night I heard a lady on NPR say that it was Obama’s policies that made the stock market go from 7000 to 18,000 and of course none of her guests challenged her on that statement

  • autofixer

    What’s a CNN?

  • Bruce Crane

    This sort of thing takes months to happen. Read about the 1929 crash. There are a lot of parallels with what is going on in China currently, such as government intervention, interest rates being lowered, credit being loosened.

    Globalization is going to make sure our integrated economies feel the pain. The next few years are going to be very interesting.

  • Bubba Johnson

    Maybe CNN knows the powers that be will change the way an economic crash looks.
    Example Less people working but lower unemployment rate.
    Home ownership at record lows but real estate market is booming.
    Change the GDP calculations and our country is now fine.
    Blame things on the weather.
    People are silly and will believe anything.
    Crisis averted.

    • fwalker15

      Economic crash? Market crash? Economic contraction? Access to education/knowledge. Crisis averted.

      • Bubba Johnson

        Hello. If you are as successful as you boast, how do you have so much time playing here?

        • fwalker15

          No boasting I’m just here for the great laughs. This capital markets related comedy act is priceless. 🙂

          • Bubba Johnson

            Can not be honest can you?

          • fwalker15

            Honestly of the 220 or so trading days per year maybe 15-20 are high energy days in an average year. Days like today are very rare once every five years. Days like these I am tethered to my computers to gain alpha and blogs like this are fun when its slow…as well its raining here all day in south fla so I’m not going anywhere 🙂

          • Bubba Johnson

            OK If a person such as yourself were as successful and smart as you boast to be. you would not be here.

          • fwalker15

            Where would they be?

          • Bubba Johnson

            Busy doing other things.

          • fwalker15

            I should have gone to the gym but I’m too lazy today and its seriously raining outside if it matters

          • Bubba Johnson

            You answered my question. Thanks

          • fwalker15


          • Bubba Johnson

            Happy trolling professor.

          • fwalker15

            Trolling and watching oil futures:)

          • Bubba Johnson

            Sure. good luck, good hunting

          • Chris

            Bubba…don’t be quick to judge amigo! Those of us that know what we are doing look forward to days like we have recently seen, money making opportunities! Really, it’s not all doom and gloom for all of us!

          • Bubba Johnson

            Well, I still do not believe a financial genius would be blogging here.
            PS Not all preppers wear the end is near signs.

          • Jodie Lynn Gaeta

            “It’s”, not “its”, is appropriate in that context.

  • Itanimullikcuf

    Today Wall St rallied but not the European markets. Tomorrow will be mixed and Friday another fall but not sure how big.

  • Illegal

    CNN or any media outlet gives an over simplistic analysis of financial events. There is so much economic turmoil in the world right now that to think the US is immune is beyond crazy. The Saudi ‘s with there pump oil mantra are now in financial trouble. If they have to cut oil production what will happens next? Does the populace revolt and ISIS invade and destroy the House of Saud regime?

    China’s economic impact on the US economy is just not the products on the selves. Where does the coal mining equipment for Austrialia come from? Where does the Middle East oil drilling equipment come from?



    1. Babylon would be an END TIME GREAT NATION (Rev 17,18; Isa 13:6).2. Babylon would have a huge seaport city within its borders (Rev 18:17).

    3. The Great City Babylon is the home of a world government attempt (Rev 17:18).

    4. The Great City Babylon would be the economic nerve center of the world (Rev 18:3).

    5. Babylon would be the center of a one world Luciferian religious movement (Jer 51:44).

    6. Babylon would be the center for the move to a global economic order (Rev 13:16).


    1. Babylon would be the youngest and greatest of the end time nations (Jer 50:12).

    2. Babylon would the QUEEN AMONG THE NATIONS (Isa 47:5,7; Rev 18:7).

    3. Babylon would be the most powerful nation in the world (Isa 47, Jer 50, 51, Rev 18).

    4. Babylon would be the HAMMER OF THE WHOLE EARTH (Jer 50:23; Rev 18:23).

    5. Babylon is called a lady, and has the symbol of the Lady (Isa 47:7-9).

    6. Babylon would be the praise of the WHOLE EARTH (Jer 51:41).

    7. Babylon is center of world trade (Jer 51:44; Rev 17:18; 18:19).

    8. Babylon would grow to be the richest nation in the world (Rev 18:3, 7, 19, 23).

    9. All nations that traded with Babylon would grow rich (Rev 18:3).

    10. The merchants of Babylon were the GREAT MEN OF THE EARTH (Rev 18:23).

    11. Babylon is a huge nation, with lands, cities, and great wealth (implied throughout).

    12. Babylon is nation “peeled”, or timbered, a land of open fields (Isa 18:2).

    13. Babylon is land quartered by mighty rivers (Isa 18:2).

    14. Babylon is a land that is measured out, and populated throughout (Isa 18:2).

    15. Babylon destroys her own land, with pollution and waste (Isa 14:20, 18:2, 7).

    16. Babylon is a land rich in mineral wealth (Jer 51:13).

    17. Babylon is a the leading agricultural nation of the world (Jer 50, 51; Rev 18).

    18. Babylon is the leading exporting nation in the world (Jer 51:13; Rev 18).

    19. Babylon is the leading importing nation of the entire world.(Jer 50, 51; Rev 18).

    20. Babylon is a nation filled with warehouses and granaries (Jer 50:26).

    21. Babylon is the leading INDUSTRIAL NATION OF THE WORLD (Isa 13, 47, Jer 50, 51; Rev 18).

    22. Babylon is noted for her horses (Jer 50:37).

    23. Babylon is noted for her cattle, sheep and other livestock (Jer 50:26, 27; Rev 18:13).

    24. Babylon is noted for her fine flour and mill operations (Rev 18:13).

    25. Babylon is a nation of farmers and harvests huge crops (Jer 50:16, 26, 27).

    26. Babylon is a huge exporter of MUSIC (Rev 18:22).

    27. Babylon’s musicians are known around the world (Rev 18:22)

    28. Babylon has a huge aviation program (Isa 14:13-14; Jer 51:53; Hab 1:6-10).

    29. Babylon’s skies are filled with the whisper of aircraft wings (Isa 18:1; Jer 51:53).

    30. Babylon has a huge space industry, has “mounted up to the heavens” (Jer 51:53).

    31. Babylon fortifies her skies with a huge military aviation program (Jer 51:53).

    32. Babylon is portrayed as a leading in high tech weapons and abilities (Jer 51:53; Hab 1:6-10; implied throughout).

    33. Babylon is a nation filled with warm water seaports (Rev 18:17-19).

    34. Babylon is a coastal nation and sits upon MANY WATERS (Jer 51:13).

    35. Babylon trades with all who have ships in the sea year round (Rev 18:17-18).

    36. Babylon is nation filled with a “mingled” people (Jer 50:37).

    37. Babylon is a SINGULAR NATION founded upon OUT OF MANY, ONE (Isa 13, 47, Jer 50, 51, Hab 1).

    38. Babylon is a REPUBLIC or a DEMOCRACY, it is ruled by many counsels (Isa 47:13).

    39. Babylon’s governmental system breaks down (Isa 47:13).

    40. Babylon is bogged down with deliberations and cannot govern properly (Isa 47:13).

    41. Babylon’s leaders use astrology, seers and mystics for guidance (Isa 47:13; Rev 18:2).

    42. Babylon labored in the occult from her very inception (Isa 47:12).

    43. Babylon falls to the occult just before her end by nuclear fire (Rev 18:2)

    44. Babylon was born as a CHRISTIAN NATION (Jer 50:12).

    45. Babylon turns upon its heritage and destroys it all in the end (Jer 50:11).

    46. Babylon’s Christian leaders lead their flock astray in prophecy and salvation (Jer 50:6; implied Rev 18:2).

    47. Babylon’s Christian leaders are “strangers” in the Lord Houses of Worship (Jer 51:51).

    48. The people of Babylon are deep into astrology and spiritism (Isa 47:12; Rev 18:2).

    49. Babylon becomes the home of all antichrist religions in the world (Rev 18:2).

    50. Babylon is a nation of religious confusion (Isa 47:12-13).

    51. Babylon turns upon its own people and imprisons and slays them by millions (Jer 50:7,33; 51:35; 39; Dan 7:25; Rev 13:7; 17:6; 18:24).

    52. Babylon sets of detention centers for Jews and Christians and rounds them up for extermination (Jer 50:7, 33; 51:35, 49; Rev 17:6; 18:24).

    53. Babylon has a mother nation that remains in existence from her birth to death (Jer 50: 12).

    54. The mother of Babylon has the symbol of the LION (Dan7:4; Eze 38:13; Jer 51:38; Psalms 17:12).

    55. The mother of Babylon will rule over her daughter her entire life (Dan 7:4; Jer 50:12).

    56. The mother of Babylon will be a state of major decline as the end nears (Jer 50:12).

    57. Babylon is considered to be a lion’s whelp (Eze 38:13; Jer 51:38).

    58. Babylon will have the symbol of the EAGLE and builds her nest in the stars (Dan 7:4 EAGLE WINGS; Isa 14:13-14; Jer 51:53).

    59. Babylon turns totally antichrist and is the leading antichrist power at the end (Rev 18:2; Isa 14:4-6).

    60. THE KING OF BABYLON is called LUCIFER, the ANTICHRIST (Isa 14:4-6).

    61. The King of Babylon will rule from THE GREAT CITY BABYLON (Isa 14:4-6; Rev 17: 18).

    62. A world government entity will rise up to rule the world from BABYLON THE CITY (Isa 14; Hab 2, Rev 13, 17, 18).

    63. This world entity will be a diverse entity, different than all other ruling bodies of the world (Dan 7:7, 23).

    64. This entity will be a TREATY POWER ENTITY (Dan 7:7, 23 DIVERSE).

    65. This entity will rise up and use the military power of Babylon the nation to RULE THE WORLD (Isa 14:4-6; Hab 1 & 2, Rev 13, 17).

    66. Babylon is a huge producer and exporter of automobiles (Jer 50:37; Rev 18:13).

    67. Babylon is a nation of CRAFTSMEN, experts in their trade (Jer 50, 51, Rev 18:22).

    68. Babylon is noted for her jewelry of gold and silver (Rev 18:22).

    69. Babylon is a huge importer and exporter of spices (Rev 18:13).

    70. Babylon is a huge exporter of fine marble products (Rev 18:22).

    71. Babylon is noted for her iron and steel production (Rev 18:12).

    72. Babylon has huge corporations that have bases around the world (Rev 18:23, implied throughout)

    73. Babylon is a nation of higher education and learning (Isa 47:10, implied throughout).

    74. Babylon is a nation with a GREAT VOICE in world affairs (Jer 51:55)

    75. Babylon is a VIRGIN NATION, untouched by major war (Isa 47:1).

    76. Babylon has a vast military machine (Jer 50:36; 51:30; Hab 1 & 2, Rev 13:4).

    77. Babylon will be instrumental in the setting up of Israel in the Middle East, and is the home of God’s people (Jer 50:47; 51:45).

    78. Babylon will have a major enemy to her north (Jer 50:3, 9, 41).

    79. Babylon’s enemy will lie on the opposite side of the world, over the poles (Isa 13:5)

    80. The enemy of Babylon will be a FEDERAL OF NATIONS (Jer 50:9).

    81. The enemy of Babylon will be largely Moslem in make-up (Jer 50:17; Rev 17:16; Psalms 83:5-12).

    82. The enemy of Babylon will have nuclear missiles capable of reaching Babylon (Jer 50:9, 14,; Rev 18:8, 18).

    83. The enemy of Babylon will be noted for her cruelty (Isa 13, 14, Jer 50, 51, Rev 17, 18).

    84. The enemy of Babylon will also have a huge aviation military machine (Jer 50:9, 14, Rev 18:8, 18 implied throughout).

    85. The enemy of Babylon will come into Babylon unnoticed (Isa 47:11, Jer 50:24; 51:2, 14).

    86. Babylon will be filled with her enemies brought in under the guise of peace (Dan 11:21).

    87. Babylon will have all of her borders cut off, and there will be no way of

    escape (Jer 50:28; 51:32).

    88. Babylon will be destroyed by nuclear fire (Implied throughout)

    89. Babylon is land vast land with huge cities, towns and villages throughout (Implied throughout).

    90. Babylon will have been a huge missionary nation for Jesus Christ (Jer 50:11; 51:7).

    91. Babylon would be a home to multitudes of Jews who leave (Jer 50:4-6, 8; 51:6, 45)

    92. The people of Babylon would not know their true identity (Jer 50:6, implied throughout).

    93. The people of Babylon would think they are God’s elect and eternal (Isa 47:7-8, Rev 18:7).

    94. The people of Babylon would enjoy the highest standard of living in the world (Rev 18:7).

    95. The people of Babylon would grow mad upon their idols (Jer 50:2, 38; Hab 2:18).

    96. The people of Babylon would go into deep sins of all kinds (Rev 18:5).

    97. The nation Babylon dwells carelessly before the Lord (Isa 47:8).

    98. Babylon becomes proud, haughty, and does not consider her end (Isa 47:7-8).

    99. Babylon deals in the occult, in sorceries and drugs (Isa 47:9, 12; Rev 18:23)

    These are but a few of the many parameters listed to help us identify this last great nation that the Lord calls BABYLON THE GREAT. America does now, or is in the process of fulfilling each and every one of them. No other nation upon the face of the earth can fulfill these parameters. AMERICA IS BABYLON THE GREAT. There would likewise be a series of SIGNS that would would begin to emerge that would give BIRTH TO, and WATCH THE RISE OF, as well as THE FALL OF AMERICA-BABYLON.

  • Harbinger

    “No worries folks, nothing to see here. I am from the government and here to help.” These words are often spoken in the midst of great deception. The media doesn’t want the public to panic, so of course they are going to pedal the company cool aid with the hopes that people will accept without any push back. Thankfully people are slowly starting to wake up and realize that they are being manipulated and lied to. Unfortunately it is the eleventh hour and there is no short or long term solution to this problem, as log as man is unwilling to admit the need for God to intercede.

    • fwalker15

      Peddle or pedal? Proficiency in grade school syntax and grammar seems like a prerequisite before contemplating the infinities of the universe.

      • Harbinger

        Now that you have gotten that off your chest I hope you are able to grasp the concept of common sense. Education is not a substitute for common sense. You seem to be rather angry and argumentive without making a relative point. You may want to ask yourself what it is you are trying to accomplish.

        • fwalker15

          Just enjoying the comedy as people extrapolate a long overdue and finally normal healthy correction or 10% decline in key indices into being the end of civilization that they’ve desperately awaited for ages. Although most would find it ludicrous I enjoy the comedy it provides.

          • Harbinger

            Interesting point you make. Now what if your wrong?

          • fwalker15

            If I’m wrong then once upon a time I was USMC trained to adapt improvise overcome and live happily ever after….even in the rain 🙂

          • Harbinger

            Well that explains it. If it ain’t raining you aren’t training.

          • victor

            Good old Marine Corps training, stays ingrained in You.
            Semper Fi, was a grunt from 83-87
            81 mortars weapons company.

          • GSOB

            USMC 1371

          • Guest

            I work with a (ex) marine. He’s a real p*ick. What do they do to you people?

          • jokyjo

            It’s funny how you correct people on their grammar and spelling but you can’t figure out where a comma goes. Good job slick.

          • Chris

            Ditto…it’s funny to watch. And those that state the market is a scam…my bank account would factually disagree! 🙂

        • Chris

          Ah yes the superpower of common sense! It’s so rare it should be treated like a superpower! 🙂

      • Marco

        Oh good, fwalker is back. I thought I saw her broom parked outside. Lol.

        • aldownunder

          I thought I saw it crawl out from under a rock,the grub

      • Jodie Lynn Gaeta

        Not necessarily. There are some famous scientists who may very well have been dyslexic. So if you don’t mind my asking, how old are you? Your nonstop sarcasm seems like the manner of a very young person.

        • ThistleMeThis

          Very likely, maybe even a cointel amateur.

        • Mr. Reaper

          Your obsession with spelling and grammar seems like the manner of a lonely, bored old person waiting on their demise.

          • Jodie Lynn Gaeta

            Waiting “for her demise”might have been a better way to phrase that. But who cares? I get your drift. And that’s all that matters on a forum like this. I was just doing to fwalker 15 what he was doing to everyone else.

          • Mr. Reaper

            I used the word their instead of “her” because in today’s world I do not assign a gender based on a name.

            I also get your drift.

          • Mr.Anonymous

            I get your drift. And it doesn’t smell too pleasant.

      • Jerry C

        Really? Einstein couldn’t tie his shoes. Dumb@^*%.

    • godcantspell

      lol way to fix pedal after being called out.

      • Harbinger

        I don’t mind being corrected when I am wrong. I try to be humble rather then arrogant. It’s much easier to ask for forgiveness then demand it.

        • Bubba Johnson

          I misspell all the time. Drives liberals crazy.

          • fwalker15

            Good to throw some in and let us spelltards have fun too 🙂

          • ThistleMeThis

            That’s ok so long as they keep making our food correctly.

        • Jodie Lynn Gaeta

          Oh by the way, “cool aid” is actually spelled “Kool-Aid” (just kidding; I couldn’t care less.)

      • Mr.Anonymous

        Fix pedal?

        Don’t you mean back pedal? lol

    • SunnyFlaSnotress

      It’s called capitalistic commercialism, and god won’t save anyone from it.

      • fwalker15

        How do you know?

        • SunnyFlaSnotress

          We all have our beliefs.

          • CASTIEL

            Really? you will see whats going to happen to your so called capitalistic commercialism…..I already see by your previous posts that you defend this cold and blind capitalism……God wont save anyone from it….but we will punish those who think that are superiour to them….those who dont follow is word

          • SunnyFlaSnotress

            MY so-called capitalistic commercialism?? Actually, I have a liberal attitude towards socialism/ communism.. not that I want them here.. just saying.
            “we will punish those who think that are superiour to them” You know you foreigners come on here acting like you know something and you don’t.

          • CASTIEL

            Foreigners????do you know me from somewhere??? tell me europeans dont know nothing about capitalism????as i said to you before my family was american i lived there with my grandfather…so stop your comments about my english.or about being foreigner mr dracula please respect the opinions of others…..and if sometimes and i have difficulties of writting..i apologize…sometimes being drunk don t help :)but dont came here with your almithy superiority…

          • SunnyFlaSnotress

            The operative word being “Was”. You were obviously led off as a toddler because your European family couldn’t make it in America and you fostered their hostility about it and regurgitate it to us.
            And you better quit that drinking.. if you can’t tell a man from a woman it can lead to… surprises.

          • CASTIEL

            I used the word Was because they are dead…….Mr dracula didnt think about that????….and yes i and can tell the difference from a men to a woman like i can tell that you are an idiot…..You are one of the billions of idiots that walks in this earth….and contibutes to the world we have today….congratulations for that

          • SunnyFlaSnotress

            So they’re dead..You are still a foreigner.

          • CASTIEL

            go drop dead jackass…..i dont give a dam to your bullshit….usa was made of foreigners…..or are you a native indian? go see more movies of dracula you litle idiot….i hope when the world comes to a collapse you burn slowly….I guess when God made you he as joking….

          • SunnyFlaSnotress

            This is one of Michael’s “good” Christians.

          • CASTIEL

            At least i believe in God and i respect those who respect me…..i m not like you who came here insulting me and my family…you dont know anything about me to call me foreigner…i born in usa but lived in europe..ok?.and if ..who are you to judge me? who the hell think you are?respect others to be respected….i dont take crap from anyone…

          • SunnyFlaSnotress

            Oh no, you just come to the board and insult America.. and you’re not even a citizen.
            You don’t respect god. You only respect your hypocrisy.

          • CASTIEL

            What? i insult america ?????what are you talking about???? i talk about the world…. what happens in usa happens in europe china everywhere… never left usa right? Theres a world outside….and everything is the same….if i born there so i m a citizen… but dont worry i m not a mexican who going to croos the border to steal your job….i like france….And again you are noone to tell me that i dont belong there….the farm of my grandfather remains in virginia… please shut up about that…..

          • Scott Comin

            Thank you for your honesty about your faults. I will get to heaven by walking away from hell in whatever flawed way I can

          • GSOB

            Jeremiah 16:20

        • James

          Provide evidence god exists

          • VigilanteCaregiver

            Materialism cannot provide mechanisms for the formation of quadinary information in DNA, RNA, and other forms of bio-metric data – nature as constituted and laws of physics are incapable of creating information; especially such highly specific genetic information.

            There is also no evidence or proof that the brain can perform all actions of the mind: we only have evidence of where the information is processed – not HOW it’s created, processed, disseminated, or analyzed. We have no idea how intelligence or emotion can be created and experienced in a majority of sugars, water, lipids, and trace elements. Nor do we have any idea how the body operates with such minimalist chemistry, which directs one to assume the presence of other superior forms of matter not known; i.e. a spirit form.

            And there is no information to demonstrate WHY the laws of physics now known are present in the universe.

            Darwinian evolution is debunked: there is no possible way for it work outside of sci-fi stories: 1) if we are descended from primates, we should be capable of breeding with primates; we cannot produce offspring with them – the genetic material incompatible. We are also incapable of breeding ourselves back to primates as that information is not there. 2) Darwinian evolution cannot work as it would take millions of morphological changes to alter one genus, much less species into a NEW SPECIES: not a new breed, hybrid, or variety – a new species. Since evidence shows there is no possible way mutations create new information – only harm, there is no known way for new genetic data to enter a gene pool. 3) The fossil record as constituted shows that we have not gained species, but have started with millions of species, genus, kingdoms and have been steadily loosing more and more each year. Evidence suggests nature – not mankind – is the major reason for this. In some ways, nature is not capable of sustaining itself without mankind to manage it.

            (And what’s really #$%&ing cool is I just typed this all up from memory! HA!)

            Since there is no real materialist method to show that God doesn’t exist – it comes down personal biases and desires. So, why do you desire others to not believe in the Lord, Our God? Are you wanting power? Glory? Political brownie points?

          • James

            1. You dont understand darwinian evolution.
            It just states that via genetic mutation, the animals that have the most fitness are most likely to reach reproduction age therefore passing off their good genes to their offspring.
            It really is common sense and is critical for understanding other topics such as antibiotic resistance, trophy hunting, IVF, and inbreeding.

          • Ricardo

            O sounds like an idea the third reich had. Geez wayne.

          • VigilanteCaregiver

            Darwinian evolution is a branch of religion called sciencism. Here’s my litmus test for actual science: it must finally result in marketable products that betters mankind. The only thing Darwinian Evolution hypothesis ever created is excuses for mass murder and storybooks that come up with ludicrous, unscientifically provable reasons as to how it COULD have happened.

          • James

            Please read the orgin of species

          • VigilanteCaregiver

            Read it already. And it’s total bunk. Darwin relied on the fossil record proving him right – it proved him completely wrong. Nothing has been provable for the last 150+ years it’s been around as Darwin’s idea was that weather and disease could create specific genetic information and create new species – mutation was proven not effective a mechanism. He had a terrible explanation for the formation of eyes. And several high profile hoaxes associated with the hypothesis.

            Please read actual science. I’m not into religious cults.

          • James

            Genetic mutation is enough, but it takes a long time. 150+ years is far too short.
            The formation of eyes is irreveland.
            Please explain the hoaxes

          • VigilanteCaregiver

            Genetic mutation has been proven harmful. New genetic data must be function specific: mutations cannot create new genetic data as mutation is a corrupting of working data. Formation of the eyes is not irrelevant: you obviously have no explaination it’s inconvenient to your argument.

            As for hoaxes: Piltdown Man (proven to be a gorilla dyed dark brown with coffee, teeth ground down to resemble human teeth, and buried in freshly turned soil – even the famous author Sir Arthur Conan Doyle was implicated when the fraud was uncovered); Heakel’s Embryo Drawings (he fudged his data and drew the embryo’s from imagination to create a myth that all animals and humans begin life looking exactly the same; this fraud has been disproved multiple times – last time was when Dr. Kenneth Miller tried to pass it off with his book for high school kids back in the 90’s); Nebraska Man (proven to be of pig origin, not human); Orce Man (turned out to be a donkey); Java Man (turned out to be recent human remains); Archaeoraptor Liaoningensis fossils (turned out some paleontologists pieced it together from a few other dinosaurs and birds to perpetuate the myth dinosaurs evolved into birds, revealed a fraud by other scientists)

            Want me to keep going?

          • VigilanteCaregiver

            Now, would you kindly provide proof! I’m tired of wasting my precious time and intelligence on trolls.

          • Ncmist

            It amazes me how some people think humans are just the peak of the universe. Prove God exist? Here we are one tiny speck in one small galaxy in the vastness of the universe, and you think we’re it? Top of the food chain?

            I think you suffer from delusions of grandeur. You think it’s impossible that something exist that is so incredibly advanced that you can not even begin to comprehend it’s intent or intelligence.

            I could tell you my on personal beliefs, how I have seen miracles, things which were physically impossible to science as I understand it, but it would mean nothing to you or you’d simply dismiss it as a ridiculous coincidence.

            I pity you who do not have a relationship with God because he hasn’t seen fit to “prove” himself to you. If you have no faith in anything except what your pitiful human senses tell you then you are blind to the much bigger universe around you.

            Regardless, go in peace. I suspect that you’ll get all the proof you need the near future. I also suspect you’re not going to like it.

          • James

            I like logic and evidence.
            Not a book written by ??? ??? thousand years ago.
            I still read elements by euclid because it is logical and you can prove stuff in it, why the bible

          • Ncmist

            Hi James,

            I don’t believe I mentioned the bible. My intent was not to prove a specific God. Instead I’m looking at the big picture.

            I just find it hard to believe that we are the end-all to intelligence and that it is feasible that there are entities that are far more advanced than we.

            It’s funny how people dismiss the possibility of God existing when they can’t define what god might be.

            My theory is that there is a loving, living God. It doesn’t rely on a particular book or philosophy. It’s just something to consider before simply dismissing God out of hand without considering a big picture scenario. We live in a young galaxy so why would you assume that no older galaxy would not have produced intelligent beings which are centuries or millenniums ahead of us?

          • GSOB

            Provide evidence He don’t.


      They cant do this for eternety, maybe they won a few months or years with their smart plays and lies…. but they are just increasing the tsunami or avalanche thats going to wipe them all….Even if people are realizing that they are being manipulated…they just are going to be quiet….they are idiots and weak.
      One day they will learn the fury of God. We live in a world full of idiots and evil people…And I dont know whats worse: being a weak idiot or just evil…

    • Mr.Anonymous

      Well, oil did shoot up 10%. And the government has no control over manipulating the price of oil unlike they do the stock market..

      I’d say that’s a sign that everything is fine, wouldn’t you?

  • GetReal4U2

    Michael warned us of the false flag of up’s and downs during a major re-set…it’s ALREADY been a major collapse…it’s only going to get worse…one thing I think is stalling things a bit are things called “circuit breakers” in all the stock markets…they appear to keep things form getting completely out of control…or simply keep the free market from real correction…perhaps Michael might elaborate on this important factor…

  • Kurt

    The FED can pretend to be David Copperfield and try to hide the elephant sized debt, credit, QE, ZIRP, fiat derivative bubble behind a curtain of magic, but there are only so many rabbits you can shove in the hat. They are running out, and when they do it won’t be a pretty site. It’s so fake, and manipulated, and easy to see that the fund managers and hedgers are trying to milk every last dime. When the FED starts buying stocks and Futures are restricted by floor managers, you know the rabbits have run out. Best to all who have prepped.

  • El Pollo de Oro

    Ah, yes, the stock market is not going to crash. Don’t worry, be happy. Where have I heard that before?

    Rewind to July and August 2008. The banksters’ puppets in the mainstream media (or as Gerald Celente calls them, the presstitutes) assured us that the we weren’t in a recession and that the economy of The Banana Republic of America. Celente, Alex Jones, Ron Paul and others were called “alarmists” and “doom and gloomers.” Then came the crash of Sept. 2008, huge bailouts, millions of job losses. Oops! Turns out that Celente, Jones and Rep. Paul were right about the BRA economy driving right into a brick wall at 200 miles an hour.

    And here’s the butt-ugly truth. The BRA economy has never really “recovered” from the Sept. 2008 crash. We’re still in a depression. It’s smoke and mirrors, and I don’t trust the presstitutes of CNN (the Clinton News Network) anymore than I trust the Democrap press agents at MSNBC (or ONN, the Obama News Network) or the Republi-Con press agents at Fox. The presstitutes/lamestream media say what the banksters tell them to say.

    Here are some painful insights you won’t get from the lamestream media:

    “Right now, society is going down, and it’s going down quick. ”—Gerald Celente

    “There’s going to be serious civil unrest in the United States. This country is in deep, deep trouble.”—Alex Jones

    “There has been have massive money creation and massive budget deficits, and yet, the economy can’t recover. In fact, the workforce is shrinking. The labor participation rate continues to fall.”—Dr. Paul Craig Roberts

    “Society is breaking apart in America because the economy is breaking apart in America.”—Max Keiser

    “I see nothing to prevent the rise of a new Dark Age if we do not abolish the corporate state. Indeed, the longer the corporate state holds power, the more likely a new Dark Age becomes.”—Chris Hedges

    Empires collapse. Welcome to Ground Zero in Third World hell, also known as The Banana Republic of America.

    • fwalker15

      Meanwhile those that acquired stocks during the dreaded event you still suffer from have been laughing to the bank for nearly eight years now and look forward to another opportunity which you will again run away from. Too funny for words.

      • Kent Harris

        Please provide a counter rebuttal to this article with facts.

      • Chris

        Yep! Money left in the big ol’crash of 2008 is now worth 3x as much when the market hit its recent high. Sounds like a big bad scam! 😉
        It goes back to fear tactics and uninformed and under educated people. Easier to sit and complain than it is to be proactive and sit back year after year after year after year predicting the same thing. I do believe the markets will turn…like they have many times in the past, but history is the best indicator of the future! And if it all ends who gives a crap, o know what God has increased tore for me anyways!

        And the Shemitah, stop the cult like behavior with that too! It’s a book, well written, to inform and open eyes. It’s not meant to be interpreted as “AHHH, it’s the end of the world!!!” I bet johnathan cahn cringes when he sees what people have done with his book!


      • Gay Veteran

        you’re paper rich until you actually sell.
        don’t pick up pennies in front of a steam roller

  • Matt M

    mene, mene

  • Gorman

    Ordinary Americans do not have a single clue of what an economic collapse is all about, and buying guns and ammo, gold or silver, and stocking food is not going to help at all.

    Besides that, challenging the Sovereign —the Federal Government— will be the most egregious stupidity for those who may think that’s the appropriate way to go (specially those who fervidly worship the Constitution and other patriotic baloney).

    Too bad that people in the United States never bothered themselves to learn from people living in the so-called “Third World” how they are able to cope under such extreme and infrahuman circumstances.

    End of story.

    • ThistleMeThis

      Nice story. Is Mugabe running the U.S.?

      • Toribio

        Living in a state of denialism is not the answer…it would be very enlightening to see how you react when the government confiscates your wealth

        • ThistleMeThis

          Oh ok. Have you witnessed a 3rd world economy first hand?

          • Sommer Fritz

            The United States of America has always been a Third World country:
            – Corrupt governments and public officials on all levels
            – Incompetent bureaucracy
            – Americans living on a daily basis, thanks mainly to credit cards, government welfare, no savings at all.
            – People of all backgrounds in the US are extremely ignorant and uneducated (plus being gullible and unable to think for themselves – trained not to think critically)
            – Alarming rates of diseases, mainly caused by GMO foods and extreme dependency on prescribed medications and OTC medicines
            – Drugs, crime, all over the country
            – A collapsing infrastructure (bridges, railroads, NPP, etc)
            – And individuals like you, living in a total state of denialism
            – The American Dream is over, wake up to reality: the sooner the collapse, the better

        • Guest

          Either is living in a state of constant fear!

          Listen, I appreciate many articles on this site, and EOTAD, but here are too many people that live their life in this paranoid state of fear! What a horrible way to live!

          If society collapses a few bullets and cans of beans aren’t gonna save too many(speaking of denial). All it does is give people the false illusion of safety and security. I believe in being prepared but too many of you go overboard. Like the stock market…some of us are making money while everyone else panics.

          At one point I too was paranoid and bought silver…now I’m down 25% in that one and up >20% in the market. Hmmm…

  • Mybal zich

    I bank at chase. I’ve been to 2 different branches today and all the atm’s are unable to give out cash at this time. You have to actually go up to the teller to get some.

    • Joe

      I too bank with chase…no issues where I’m at!

  • Guest

    Those losing their money in the stock market are getting what they deserve. After all it was greed that had them put their money into the stock market casino hoping to get something for nothing.

    • Guest

      A few thousand down off of what I’ve made in the big ol’ scary stock market scam…I’ll take the losses thanks!
      If I took the advice from most on the web id be broke(in relative terms) like most! I agree things aren’t the most stable but too many people are conspiracy theorists thinking that everything is a scam…don’t some of you get tired of that??

      • Jerry C

        No, not actually. I never get tired of being right. Of course, I have more patience than most.

  • db

    whole world foolish each other. not sure what is true.

  • Puter

    I fully agree with Michael’s analysis.

    The reason why the stock markets jumped up dramatically on Wednesday was not because the situation suddenly took a 180 degree turn around for the better. It was the PPT (Jack Lew & Co) that instructed that massive amount of dollars be infused into the stock market to instil “temporary” confidence. Paul Craig Roberts correctly stated that Central Banks should be engaged in the Bond Markets and not in the business of fiddling Stock Markets. But the world over, all major central banks have been involved in buying stocks. This indicates the desperation of the Central Banking system.

    I use the word “temporary” when referring to confidence because the trajectory is rapidly moving south. This will give the 1% some more time to exit from the markets if they haven’t already. Whatever the PPT spends on propping up the stock market will be fully recovered via bank depositor’s bail ins when the entire edifice comes down. The greedy and/or ignorant fools left holding stocks will be totally ruined.

    But the break will not commence from the stock market. It will be the Bond Market (the market for credit) that will break first. When this happens the folks at CNN and CNBC will say, “Who could have seen that coming!”

    We’ve been there before.

  • alan

    I think this mess will go through phases. Most counties that go under do it over time not in a few days. We are still in the deflation-ish phase, still looking for the hyperinflation phase. We don’t have any shortages, No wide spread panic or serious breakdown in law and order. No power blackouts, no major or medium war. 401k’s and bank deposits not looted yet. The signs are there and things are moving in that direction. I think we will still be posting on here for a couple years, baring a coup, asteroid strike, 9.5 quake, dog flu, ufo landing, big foot running amok. Just my 2 cents.

    Silver is on sale!!!!

  • Joshua Santos

    Michael, I have a real question. I agree that the way “they” have been manufacturing our fake economy is un-sustainable and can’t go on for much longer. But do you think this is really happening by accident? Doesn’t the Fed know this will happen. Do they have an end goal in mind? I foresee an economic collapse leading to martial law and restructuring of society? We read about it and even watch movies about it and call it “entertainment” but the fictional stories are playing out in real life. If the economy is fake and manufactured by central banks, is the collapse fake to? Do they want it to happen, as a means to end?

  • G21

    Thank the leftist Democrat Party for America’s economic woes. Government handouts consume over 50% of the budget and Keynesian policies are suppressing productivity and consumer spending.
    Ask Greece and Venezuela –
    – How’s that socialism working out for you?

    • fwalker15

      Djia only up 1000+ last 3 days as your rants about the imminent collapse continue. Thanks for the laughs roflmaooooo

      • Bubba Johnson

        Have a nice ride. Yahoo

        • fwalker15

          Told you oil yesterday 🙂

          • Bubba Johnson

            No thanks. Retired and just spend now.

          • fwalker15

            I’m not telling you to buy or own anything. 🙂

          • Bubba Johnson

            That’s nice thanks

      • GoldenGirl

        Do you have any thoughts on what would happen if we penetrate this week’s low of 15370.33?

        • fwalker15

          I think if it does violate those lows then would signal that was 1/2 the leg down and eventually work down to 13,000s but I don’t see that happening…yet. Jmho

          • GoldenGirl

            Thanks. Thoughtful insight is always appreciated.

    • Antonio

      As a Venezuelan I can tell you, 8 hours or more queues in food stores, no spare parts, no tires, scarcity of food and medicines, even children sick with cancer have been participating in protests with their parents to demand the supply of medicine, super high crime rate, the minimun wage last for about 3 or 4 days. For example canned tuna fish cost about 7% of the minimun wage.
      Most of the population is surviving on 1 or 2 meals a day, mostly of bread or arepa (a product made from corn flour) and butter. If you go to a bakery you can leave half of your salary there buying 3 or 4 days of supply.
      And I fall short if I try to tell the whole situation here.

    • Gay Veteran

      AND you can the korporate CEOs for shipping millions of American jobs overseas

    • Vizar

      I’d add in the corporate welfare handouts in agriculture, energy and taxation. The “loopholes” that permit the 1% to avoid paying taxes (that’s for the little people) while enjoying our nation’s power, security, markets and infrastructure. Sorry the right wing Nazi nuts are just as bad as your leftist Democrats.

      Oh and add in a gun and murder obsessed culture that can;t even seem to make criminal and mental history checks mandatory for every purchase. It appears we want to see mass killings, poor people everywhere and bridges rusting and falling into rivers.

      • GSOB

        Enter in, the American brand of caesarism:
        Donald Trump.

  • landofaahs CIAmAPatriot2

    If the Fed cannot even raise interest rates 1/4 of 1%, then this shows how precarious and fragile this weak economy is. It is the last stiffening of the corpse before the giant exhale and giving up the ghost.

  • landofaahs CIAmAPatriot2

    Quick everyone, buy the dips and place your life savings on the table of the Casino obama. What could go wrong asks CNN? After all Obama can make the seas rise or fall so it is obvious he can make the markets rise as well. Everyone place your bets on black 69.

  • DJohn1

    Pravda is alive and well and its satellite offices are working right here in the USA.
    If a news agency lies then they lie.
    But they also get a name and a reputation for lies.
    That name is one of many and it is all about painting a picture the people in charge want the sheep to hear.
    But even Pravda Medias sometimes slip up and actually report the truth.
    We have amongst us many Pravda type operations that haven’t produced the truth in many years.
    News reporters all over the world sensationalize what they report. That also is a lie-based form of reporting.
    The trick is to keep reporting things that will not get you in trouble with the powers that be over the top. The same powers that own most of the media to begin with.
    So the entire town is burning to the ground? They prioritize that story to the back pages and report on something sensational instead.
    The Wright Brothers first flight did not even rate a mention in the Dayton papers of the time.
    They are still doing it.
    A near miss of an asteroid coming between the Earth and the Moon and almost launching an explosion bigger than any nuclear bomb almost did not even make it into the papers two-three years ago. If it had been off more than a degree or two it would have smashed into a populated area of the planet.
    10 tens of molten lava traveling at 5 miles per second. Not newsworthy?
    As it happened it was a near miss.
    When less than 10% of the rich people in this country own what is said in the media, yes, I have a problem with that.
    Presidential empires are made with such influence.

  • jack walsh

    big falls a few days ago and a big rise yesterday and so far today have brought out disturbing behavior on this eco collapse site. what does this imply? both sides are manifesting fear with different motives. personally i’m prepared for both.

    • fwalker15

      Sharpest rallies are in bear markers. Relief rally / short squeeze. Few more retests of the low end of range then strength until Oct 1. Watch and learn.

  • Ben

    Uh oh doom and gloomers, day two of a global market rebound. No economic apocalypse for you this week!

    • fwalker15

      Get ready for a retest here 🙂

  • EgbertThrockmorton1

    CNN has long been THE propaganda “organ” of the current Administration, so WHY is it “news” that they are spouting this current bit of political diarrhea?

    • fwalker15

      You’re the one spouting such. Sorry you missed the 1,500 point rally off Mondays low. Should get some weakness here you can claim the end is near again soon. 🙂

      • HeyAHuman

        This is the exact sort of volatility that was occurring right before the crash in 2008. It’s funny how people like you just jump through the hoop provided by corporate media. “Oooh, a rally just occurred after a rout! Everything is peachy!” Cute, but wait a bit and see the long-term effects before claiming that the market is healthy.

        • fwalker15

          Let’s hope its another 2008 because if you were foolish enough to buy then you sure been laughing to the bank ever since !!!!

          • HeyAHuman

            So you’re implying that the crash of 2008 brought more overall gain than it did loss? SMH…

          • fwalker15

            The educated gain. To the uneducated the economy no matter where in the cycle is never good and they never benefit. Meanwhile all key indicies have made historic records while the uneducated were scared away. And it reapeats now.

          • HeyAHuman

            So now you’re saying that the uneducated are prepared in case of a collapse…. while the educated just continue to follow the doctrine of believing in an unbreakable investment system while thinking they’ll get a very clear, early warning of collapse from our media puppet masters?


          • HeyAHuman

            Edit: uneducated are* prepared

          • fwalker15


          • HeyAHuman

            Good answer!

          • fwalker15

            The real answer is those with education and experience position themselves ahead of the event and profit from that. The uneducated wait for a news reporter to paraphrase history and then react after. Which do you think you are?

          • Chris

            $1 in 2008 is worth $3 as of recent markets! Do the math! Even today that $1 is worth more than $2.50! Now add some zeros to the numbers and see the results? Hard to argue against!

    • Guest

      Corrupt News Network you mean? 🙂

  • Truth Be Told

    Did any one notice that the stock market on Aug 25 closed at 15,666.44
    666 is the iluminati trade mark. They must be behind the wild swings and where the market lands. Your thoughts?

    • fwalker15

      Yesterday’s change was also up 619.07 so if you turn the 9 upsidedown then subtract the 1 from the 7 that could be another sign too !!!!!

      • Truth Be Told

        Today’s market High (aug 27) was 16,666.69.

        • fwalker15

          Another sign !!!!! They’re everywhere now !!!! I’m getting back in my bunker and eat a vitamin drink some bottled water and eat some canned foods until this ends !!!!!!

          • Steve Lukas

            Proof you are an enemy of the Almighty , so crawl back into your bunker you coward…..

            The Sixth Seal: Terror
            …14The sky was split apart like a scroll when it is rolled up, and every mountain and island were moved out of their places. 15Then
            the kings of the earth and the great men and the commanders and the
            rich and the strong and every slave and free man hid themselves in the
            caves and among the rocks of the mountains; 16and
            they said to the mountains and to the rocks, “Fall on us and hide us
            from the presence of Him who sits on the throne, and from the wrath of
            the Lamb;…

            Rev. 6:14-16

            “And they shall go into the holes of the rocks, and into the caves of the
            earth, for fear of the LORD, and for the glory of his majesty, when he
            ariseth to shake terribly the earth.”

            Isa 2:19

          • GSOB


    • Steve Lukas

      ( 2015 ) ( 666 – Son of Perdition ) ( 44th President ).

      The confirmations just keep coming.

      Still a little time to get right with the Lord and prepare….

      But like Jeremiah experienced, the nation would not listen and the Lord’s judgement came just like it is coming to this wicked nation.

      Jer. : 3 : 6 – 25

      • fwalker15

        Were you homeschooled by any chance?

        • Steve Lukas

          worry about your soul because eternity is a very long time….

      • Truth Be Told

        Wow. Great connection. You have spoken Truth. I just finished reading the book of Jeremiah, and I saw America spelled out in that entire book. Destruction is coming.

        • Steve Lukas

          Hey Truth,

          You are blessed to see and understand the coming judgement.

          May you be prepared with food, supplies and water as the Lord

          also had Noah, Joseph and other’s
          get ready for what came upon the earth in their times…

          May He bless you and keep you to escape what is coming to this nation.


          • Truth Be Told

            Amen brother. Amen. May the Almightys hedge of protection be upon you and your family. You are the remnant that will be left standing. Psalms 91 will be fulfilled in your household.

          • GSOB

            no ‘e’

      • Truth Be Told

        Today again for a third time, stock market high for aug 28 16669.97 This is getting freaky

  • Optimist

    Why are you still preaching to the choir, Michael? You know that the economy is recovering. Sluggishly, but it still is. That’s undeniable by any measurement. There’s a killing to be made as we recover from this minor correction, so the only reason I can see that you want to explain this recovery away is to keep the faithful in line and sell more doom and gloom books. I bet you’ve been putting everything you have in the market while you’re writing these articles. Prove me wrong.

    When the new tech economy truly takes off, there will be a general prosperity that will put the 90s to shame. The doom crowd will look really foolish then.

    • fwalker15

      You’re delusions are comical

  • Aeffesstoo

    …and CNN is willing to indemnify everyone against investment losses if they are wrong?

  • G21

    Yes, it’s an excellent idea to ignore the stock markets that are collapsing around the world, the Chinese dumping their US Treasuries, the worldwide currencies that are devaluing, the fact that so many US stocks are below their 200-day MA, etc, etc.

    You should just jump right in and dump all your cash in this very stable market!

    • fwalker15

      Obviously you have no clue how stocks or capital markets function and you are correct you certainly don’t belong attempting to invest without a qualified professional- as if you have anything to invest.

      • Gay Veteran

        qualified professional, ROFLOL

        • fwalker15

          These clowns don’t even know how many companies are in the Dow Jones composite index! Do you??

          • Gay Veteran

            the Dow Jones? who cares?

      • JohnnyReb

        Hey 15, it looks to me like G21 is paying attention, he just sees lots of reasons not to buy stocks right now. Can’t say as I blame him. Those look like pretty strong negatives to me.

        • fwalker15

          Those “negatives” have been discounted and built into stock prices long ago. Stocks and markets are forward looking discounting mechanisms that’s all trailing data. Aside from that nonsense the primary dynamics are supply and demand. Short sellers have borrowed stocks and sold them at higher levels to actualize gains they must buy low after selling high return the borrowed shares and profit the difference. That’s the catalyst that causes the “sharpest rallies are in bear markets” or as the article incorrectly describes as those random waves. Those with educations and experience understand short squeezes relief rallies and clearly recognize the sellers capitulation and the next significant catalyst likely in end of the 3rd qtr mutual fund reporting sept 30th. Today’s retracement from up 380 to only up 100 then back up 350 was another constructive confirmation that the cycle lows have likely been seen. Meanwhile the doomsday clowns again gained zero from the opportunity this week presented to any with functioning brains. That’s just for starters you can clearly see on CNBC site I was very bearish from may until last week at this point dynamics still favor bulls although you can see from my comments here earlier I did scalp out short term trades on today’s retest 🙂

          • JohnnyReb

            15, you have proven yourself wrong. Those negatives could not have been priced into the market “long ago”, to quote you, because they are recent developments. The Chinese only this week started dumping their Treasuries. Is that “long ago”?
            The massive number of stocks below their 200-day moving average is another recent development, most of them just this month. Is that “long ago”?
            China’s surprise devaluation was just last week. Is that “long ago”?

            You know, you like to get on here and act like you’re Mr. Wise Investor, but you really don’t know what you’re talking about, do you?
            Why don’t you go home while the adults talk?

          • fwalker15

            Meanwhile in the real world the word of China unloading 250-500 billion in Treasury bonds was weeks ago and the nonsense of China devaluation which generally when USA devalued 20% was to save the world ecb devalues 15% was to spur growth jgb devalues 12% was another positive China devalues 2% its currency war and the excuse used to trigger a correction. Maybe to those relying on this site for news it only appeared this week but its ancient history in today’s efficient markets. This week – roflmao

  • Nemnor

    I conclude that the one with UserName – ‘fwalker15’ is most likely a FAKE, as no truly successful Investor (Gambler) will give so much attention to this blog (since you must also have blind faith in Capitalism to take a very active role in the stock market casino).

    I believe ‘fwalker15’ is one of the “wannabe wealthy” individuals, who wish that Capitalism is sustainable (but do not see any way it can really be so). Hence, to make up for his/her fear and insecurities and lost dreams (i.e. dreams of being a successful investor), he/she is doing a form of self-hypnosis by pretending to be a successful investor, who made big gains during crashes. Part of that self-hypnosis is the act of “trolling” this blog in an attempt to make some of you that see signs of a coming (eventual) economic collapse feel like you have lost out.

    • fwalker15

      You are correct. I am very very poor. I just lost everything in the correction. Luckily I was able to secure a loan against my vitamins and canned goods and bottled water. I’m just hoping against all odds that I can finally get one successful trade in the markets before the imminent collapse of global civilizations and possibly the entire universe. If only I had followed the brilliant advice found on this blog and stayed inside my bunker. Roflmaoooo

      • Nemnor

        LOL – regardless to what you say, I already concluded you likely NOT a successful “investor/gambler” – since such a person would likely NOT be putting so much attention to this blog.

        • fwalker15

          Laughing at your kind is worth the few moments. I’m also on the CNBC blogs you can see my profile there and determine if you’ve ever seen more accurate forecasts. They’re all there. 🙂

          • leebo

            I can vouch for that. I stand by what I said 2 weeks ago. Fwalker is the smartest person on cnbcs blog. You can learn a lot from this guy.

    • Bubba Johnson

      This particular poster is good for web page hits and traffic, which is then marketable. Could be Michael?

  • Will Rogers

    I get all my financial intel from Cramer…jk

  • James

    perhaps the stock market is not going to crash, and even if it does, the stock market has always managed to recover

    • fwalker15

      It very well may crash and possibly not recover but I would not expect it before October 🙂

  • David Waddle

    The stock market is so manipulated I don’t think it’s going to crash anytime soon. Whenever economic reality catches up to the market the Government steps in and does this or that and everything is fine again. Personally I hope things don’t get that bad. Who wants to live in that kind of world? Peace.

    • fwalker15

      Good to be optimistic but this may well be the eye of the storm until at least October

      • Nemnor

        At the root of all the major socioeconomic issues (including less and less “self-sufficient” families/individuals) is the decadent and decaying Capitalist economic system.

        In a system based on producing for profits (as the PRIMARY end-purpose of production), It is really in the best interest of the Capitalists that there are less and less “self-sufficient” families/individuals, and more
        and more people depending on “retail outlets” for basic survival. (right?)

        The root of the problem is Capitalism itself. Change the economic system to one that genuinely encourage “self-sufficiency”, then
        we will likely have a new generation of responsible individuals.

        • fwalker15

          Obviously you’re failing miserably the notion of blaming the “system” is ludicrous. Look homeward to address the dysfunction as the system may likely remain longer than you think.

          • Nemnor

            The post above – which you replied to, looks like one of my posts (from another of Michael’s articles), and someone copied it and post it (above) used my Username – ‘Nemnor’ (i.e. pretending to be the real Nemnor).

            Anyway, I never gave any indication as to when Capitalism will collapse and/or bring about WW-III. However, I KNOW that the system has been facing an on-going crisis from since early-60s/late-70s, and that Capitalism can NO longer generate long-term recovery by economic means alone. Contemplate on that to get an accurate insight on what the future will be, IF we do not make a fundamental change away from Capitalism.

          • GSOB


    • Steve Lukas

      The Fed is out of bullets and ammo this time around as the tsunami wave of financial chaos is too large to contain and avert.
      The last 7 trading days of volatility is the beginning warning of the coming historic collapse…

  • Siloo Kapadia

    It is not secret that things are horrific, to say the least. There is trouble everywhere, but USA is the eye of the storm. China is also about to tumble and I fear that with both USA and China going down, they will drag the rest of us with them.

    Yes, this whole “recovery” has been nonsense from the get-go. A lot of statistical manipulation and out-right lies. Of course, the massive money printing has helped as well. Now that is coming to an end.

    If you can get out, get out. Yes, there is trouble everywhere but as I stated above, USA is the center of the storm and will be hit the hardest. With declining technology and manufacturing, that is bound to happen. And the top 1% will be long gone.

  • Mr.Anonymous

    Why do my comments need to be approved first? Ugh, ridiculous. Is this going to happen every time I make a post here?

  • 🙂 It does not necessarily means it is a good thing per se. They pump in so much money all over the place to prop up the system to avoid a worldwide systemic crash that it make sense that the stock market went generally up.

    I saw that logical behavior coming at the moment I heard the Dow going down so fast, and the Chinese stock going even deeper in the sewage system. It is/was a logical thing to do for those who are in charge (they had to do it to prevent any kind of crash)… but does it mean that it is the end of the correction… not too sure about that.

    We have to keep an eye on the forest, not on the tree. The inter-connectedness and inter-dependance of the World Financial System is such that a “butterfly moving its wings in Australia could lead to a hurricane in Florida”(to take an image from Chaos Theory) – on another note, when the “smart money” still keep far from the overall market it is a good sign that it is not over yet… and the “smart money” is where the REAL Wall Street Genius are, and even them took a blunt of few billions…

    Personally, as a Realist, I’m not into doom and gloom, but I keep an eye on the general picture rather than only the detail and the short term – and as far as I can tell, the general picture is one of trouble ahead. Is it this September or any other months is anyone’s guess.

    • Mr.Anonymous

      The Shanghai just closed up another 4.8% today.

      US GDP was higher than forecasted, also good news about durable goods. Perhaps it was just a correction.

    • Mr.Anonymous

      The Shanghai rose up 5% on Thursday and gained another 4.8% just today. Couple that with a 10% increase in oil from yesterday with another 369 point rise in the DOW after Wednesday’s massive 619 point rise.

      GDP was came back higher than forecasted along with positive news on durable goods.

      Sorry guys, I’m not seeing a downward trend/collapse/crash/whatever else you want to call it.

      Turns out it probably was just nothing more then a simple correction.

  • JailBanksters

    If the Banksters keep buying and selling the same stocks to each other using counterfeited mioney, then why would it. As long as the FED keeps counterfeiting Money, it’s all good. Eventually Berkshire Hathaway should be worth 10 Mil a share.

  • Thomas D Guastavino

    The fed is in a real dilemma. They are desperate to raise rates so they can have some wiggle room for the inevitable crash but all of the QE has not stimulated the economy enough to allow them to do so. The economy has been on life support for some time but even that has not become enough to keep this very sick patient alive.

    • fwalker15

      The QE (as the open market operations and intervention which has been around for near century) has been spoon fed to general public by media was not intended to find its way into the broader economy as it would have caused runaway inflation. The objective was to strengthen banks financial statements and ratios. At this point those objectives have been achieved although at some expense to the broader economy. Raising rates likely gives banks the incentive to take risk and generate loans and begin again to “create” capital in the broader economy this likely will increase the velocity of money and be a net positive to the broader economy and prevent the deflationary environment from continuing. Perhaps getting an understanding in banking and finance and or economics may benefit you rather than following blindly into buying vitamins and water and canned foods and hiding in a bunker. You’re being duped and obviously missing incredible opportunities as the economy and markets transition as they have since the beginning of time.

  • Priszilla

    The jitters come from the sheep who don’t know economy. Thosr who buy stocks because their grocer buys stocks.

  • Ben

    Uh oh doom and gloomers, day three of a global market rebound. No economic apocalypse today for you!

    • G21

      Hooray, we’re only down over a thousand points.

      • fwalker15

        Why cheer you just missed a 1,500 point rise after a one day overshoot in a normal correction. How can you not recognize how you were duped into missing the best opportunity in over five years. At least you have plenty of vitamins and canned foods and bottled water. Brilliant! Hooray!!!

      • Ben

        A dramatic rise from 2,000 points down.

    • Jerry C

      Who is stopping you from riding on the Titantic? Afterall, “even God cannot sink it”. No?

  • not me

    Just like the crew of the Titanic said everything will be fine, don’t panic!

    • Jerry C

      Just posted a Titantic reference above before seeing your post. Did I happen to see it in my periphery?

  • DJohn1

    CNN might need a Reality Check.
    But Reality has never actually disturbed them before so why should it disturb them now?
    Three men have all ready been arrested for insider trading.
    Not much news about that right now.
    The problem is that a lot of insider trading leads straight to the Congress.
    The congress gave themselves a FREE Get Out of Jail card when they exempted themselves from the law of the land.
    If I were their attorney I would go for bringing the law down as it does not apply to everyone equally.
    It is the best Rich Folk’s Club in town.
    All kinds of laws do not apply to them that apply to everyone else.

  • Steve Lukas

    Dominoes begin to fall

    The great props to
    the world economy are now beginning to fall. China is going into
    reverse. And the emerging markets that consumed so many of our products
    are crippled by currency devaluation. The famed Brics of Brazil, Russia,
    India, China and South Africa, to whom the West was supposed to pass on
    the torch of economic growth, are in varying states of disarray.

    • Is the global economy headed for another crash? Three signs to watch out for

    • Regulators could be responsible for next financial crash

    • Global stock markets jolted by China’s historic Renminbi devaluation

    The central banks are rapidly losing control. The Chinese stock market
    has already crashed and disaster was only averted by the government
    buying billions of shares. Stock markets in Greece are in turmoil as the
    economy grinds to a halt and the country flirts with ejection from the

    Earlier this year, investors flocked to the safe-haven
    currency of the Swiss franc but as a €1.1 trillion quantitative easing
    programme devalued the euro, the Swiss central bank was forced to
    abandon its four-year peg to the euro.

    Credit markets roll over

    As central banks run out of silver bullets then, credit markets are
    desperately seeking to reprice risk. The London Interbank Offered Rate
    (Libor), a guide to how worried UK banks are about lending to each
    other, has been steadily rising during the past 12 months. Part of this
    process is a healthy return to normal pricing of risk after six years of
    extraordinary monetary stimulus. However, as the essential transmission
    systems of lending between banks begin to take the strain, it is quite
    possible that six years of reliance on central banks for funds has left
    the credit system unable to cope.

  • Steve Lukas

    Hey troll……

    You are blindsided by these wall street fraudsters….

    Their ponzi scheme has already been judged and what you are seeing is the beginning of their great Humpty Dumpty fall…

    What you Fail to see and understand that this coming wipe out of the market, stocks, debts is a mandate from the Almighty…

    Look at the last 13 cycles of 7 years periods starting in 2008 ( going back every seven years ending on the last day of the Shemitah – the next 7 year period ends on Sept. 13 ). The markets are already reacting to this coming wipe out with the volatility effecting the markets with huge swings and
    wobbles like a drunken sailor.

    This is a divine judgement already decreed from our Father’s throne that will culminate in the
    largest collapse of any market in history.

    You will have your answer very soon of “why all the gloom and doom” ?

    I pray you get your life right and get prepared for the tough times coming after the judgement on this nation happens…..

    Ask Michael if he agrees with the mystery of the Shemitah and the past 7 years cycles of the wiping out of debts…..


    • fwalker15

      How can people really be so delusional. Those ridiculous notions of the 7 year cycles roflmao is completely ludicrous. Have you ever checked the facts? When or if you do you’re going to realize you’ve been duped…again.

  • Lynn Rippon

    What advise do you have Michael to get our retirement accounts out before they are no more?

    • Jerry C

      Yes. Take the 20% tax penalty for early withdrawal plus the taxes on earnings for that year vs losing 30%-75% or more in an eventual collapse. Purchase something tangible now to weather the coming economic tsunami. In chess, you must get to a won endgame. Losing in the opening only expedites your loss.

  • Steve Lukas

    James Dale Davidson: Current Global Crash Is a ‘Rerun of 1929’

    The current global stock-market crash is eerily
    reminiscent of the Wall Street crash of 1929 as told by investment expert and author James Dale Davidson.

    “What we’re seeing, if I could say it this way, is a rerun of 1929 with
    the main crash falling in Shanghai rather than in Wall Street.”

    “If you’re not scared, you’re not watching,” he said. “Since the last time I discussed the Chinese devaluation, which was a small step, said it was only the beginning of a major change that was going on. And since that time, $5 trillion have gone to money heaven, which is a significant change,” he said.

    As to what to expect in the future, he explained that the answer can be found in the past. Specifically, the Wall Street crash of 1929.

    “If you look back at these economic crises and stock market collapses
    that are associated with depressions, the first stage is what we’ve
    already seen, which is the big fall off in commodity prices,” he said.

    “If you go back to the Great Depression, it didn’t start in 1929 in all the countries, he said.

    “It started in 1928 in Australia and in Argentina and Brazil, Uruguay,
    and Finland, Bulgaria, and in Germany. The depression had already begun by 1928 and then we had a huge, huge sell-off in Wall Street, which sort of rang the bell so that anybody who was not watching then knew” that we were in deep trouble.

    “We’re into this same kind of cycle as it relates to the collapse of
    world demand, the fact that we’ve had commodity prices plunging,” he said.

    “If you go back to December of 2011, the price of iron was $190 a metric ton. Now it’s down to $44. We remember the price of oil being up at $140 some dollars and now it’s the low $40,” he said. “This is a very significant indication of weakness in the global economy.”

    And while it’s human nature to think that tumbling oil prices are a good thing, it’s often a mixed blessing.

    Already trading at six-year lows on a prolonged slump, U.S. crude fell $2.21 Monday to finish at $38.24 per barrel.

    Oil hadn’t closed below $40 since February 2009, although it briefly
    traded below that level on Friday. Monday’s closing price was the lowest since Feb. 18, 2009, the AP reported.

    “It is a good thing if you’re buying gasoline. It is not a good thing if you’re pumping energy from the ground,” he said.

    “If you’re looking at the employment numbers in the United States, where did employment grow during this so-called recovery that we’ve been living through for the last six years? It grew in areas where they were drilling oil. It didn’t grow any place else,” he said.

    “And this is probably not a coincidence because there really hasn’t been that much vigor in our so-called recovery and probably it’s going to go back down again.”

    (The Associated Press contributed to this report).

  • GetReal4U2

    In fact, I can’t remember a time when there has been this much economic chaos erupting all over the world all at once…
    get ready…September approaches quickly…

    • fwalker15

      You’ve been duped…again.

  • Alwaystomorrow

    “NOT FOR HIRE”, but I do like the song.

    Anytime you add a video link or use Michael’s full name, the post requires moderator approval which delays the posting.

  • Ideas Time

    Did anyone hear that HBSC just lost a trillion dollars in the market? 700 billion in China and another 300 billion? They can not pay people?

  • Farmer Bill Lives

    All balanced out well for the week. I think we are due a hard correction. Last Monday was a warm up. Trading halts if the markets lose 7%.

    • fwalker15

      Those with education and experience know that 90% of the move occurs in the last 10% of the time. Markets have signaled the change in momentum (quantified on percentage basis of weekly closing prices) since may. This may appear as randomness and may be opportune scenario to sell vitamins canned foods and water but seasonal dynamics such as fresh monthly auto deduction buyers each month appear next week. Many mutual fund fiscal year ends occur in September and may have easily seen the sell signal and lightened up 30+ days ago may return after wash sale rules threshold and end of September mutual funds 3rd qtr reports window dressing. Enjoy the eyes of the storm I would not expect the end of civilizations or the universe at least until the 4th qtr or as late as the 3rd qtr 2016 as if markets crawl through till January many component companies in the key indiciesay be swapped out and divisor methods modified. Keep you vitamins sealed your bottles water chilled and canned goods sealed if you’re a true prepper maybe even accumulate some quality paper in case civilization does survive longer than the vitamin salesman forecasts- if not you’ll at least have extra toilet tissue. 🙂

      • Farmer Bill Lives

        We are all covered my way. Prepared for all scenarios. Good or bad, we are in good shape. The Fed will come in and make a mess.

  • sherlock32555

    As long as we have Q.E. and they can and will keep bailing themselves out and keep sticking it to us because we just roll over and take it. Look at all the other Q.E. they have stuck us with the bill. They will continue to make us pay because their is no consequence for their actions!

    • fwalker15

      Get an education. You may learn that QE the media spun name that was spoon fed to the uneducated is synonymous with easy money monetary policy which has been around for centuries and generally very positive for economic expansion. The vitamin and water and canned food salesman have duped you…again.

      • HeyAHuman

        What is your goal at this site? All that I see is you rambling about “education” and how basically the “educated” put their money in stocks, while the “uneducated” don’t. Given the context of the forum, I’m just wondering why you spend so much time here.

        • fwalker15

          The comedy that those believing that the stock market correction is a signal of the end of civilization and the suggestions thàt only after such an event will they become successful is a priceless comedy act. Irresistible not to read it and ROFL.

  • Bubba Johnson

    Using a set of mathematically based objective rules for buying and selling is a common method for swing traders to eliminate the subjectivity, emotional aspects, and labor-intensive analysis of swing trading. The trading rules can be used to create a trading algorithm or “trading system” using technical analysis or fundamental analysis to give buy and sell signals.

    Simpler rule-based trading approaches include Alexander Elder’s strategy, which measures the behavior of an instrument’s price trend using three different moving averages of closing prices. The instrument is only traded Long when the three averages are aligned in an upward direction, and only traded Short when the three averages are moving downward.[5] Trading algorithms/systems may lose their profit potential when they obtain enough of a mass following to curtail their effectiveness: “Now it’s an arms race. Everyone is building more sophisticated algorithms, and the more competition exists, the smaller the profits,” observes Andrew Lo, the Director of the Laboratory For Financial Engineering, for the Massachusetts Institute of Technology.[6]

    Identifying when to enter and when to exit a trade is the primary challenge for all swing trading strategies. However, swing traders do not need perfect timing—to buy at the very bottom and sell at the very top of price oscillations—to make a profit. Small consistent earnings that involve strict money management rules can compound returns over time.[7] It is generally understood[by whom?] that mathematical models and algorithms do not work for every instrument or market situation.
    What do you think fwalker15

    • fwalker15

      One of the very few comments I 100% agree with 🙂

      • Bubba Johnson

        Yep, educated way to say “I like to gamble”.

        • fwalker15

          IMHO gambling is much more random. With investing there are opportunities to profit in either direction up down or unchanged and methods to quantify the probability of each in forecasting and in confirming the incremental changes. It may seem random if you do not allocate the time and resources but even as the article says even by applying basic discipline to swing trading your probability of success increases. Seems staying all cash one is gambling on the strength of that currency appreciation?

          • Bubba Johnson

            Relax you financial genius, just a copy and paste to amuse you. HEE HEE

  • G21

    Hitting the “minus” sign above a comment hides that comment. I do this for all fwalker15’s comments, without bothering to read them.

    • fwalker15

      Same style you used when you were supposed to get an education. Keep your head in the sand as each time you pull it out to make a comment you prove yourself a fool.

    • G21

      I just saw that I had a reply from fwalker15, and hid it without reading it. How refreshing to be able to avoid annoying jerks such as him!

      I urge everyone to do the same!

      • G21

        Again I avoided a know-it-all jerk’s comment, simply by hitting the “minus” sign.

      • fwalker15

        Quit begging

        • victor

          You seem to ruffle a lot of feathers.
          Would like to know, what’s the best way to learn about the market?
          All I have is a 401 K, and want to learn where’s the best place to put my money.
          Any books or blogs You can suggest?
          Don’t know anything but want to learn.
          I hear about shorts, reversals, but don’t understand, or even know if I can do something with my 401 K with that stuff.
          Honestly would like to know, Devil Dog, I said Semper Fi, to You before.

          • fwalker15

            Hi. If I had to recommend one book that I think is the absolute best and simplest ever it would be “How to make money in stocks” by William O’Neil. He’s the founder of investors business daily. The book costs about ten dollars and I honestly think it will be the best ten dollars you’ll ever spend. It really is that simple. Uh ra devil dog 🙂

          • victor

            Thanks for the reply, will check it out.
            Semper Fi…Leatherneck….

  • none

    Didn’t CNN also say that Miss Clintons e-mail server did not harm national security?
    I have often wondered why the Chinese let her hold a third woman’s organization meeting in there country.

    • G21

      Any country which opposes the US is smart enough to want to see the Democrat Party in power here.

      The way liberalism is destroying this country, there’s no need for any military action by China.

      • Nemnor

        G21, regardless to which party is in the WH, the USA is on a general relentless socioeconomic decline – as the USA is very much part of the decadent and decaying world-wide Capitalist economic system.

        Ironically, the Republicans MIGHT even bring the (final) collapse of the USA much quicker than the Dems, and/or bring the World to WW-III much sooner than the Dems would.

        • fwalker15

          Projecting your own failures and collapsed reality and delusions now of a world wide decabent and decaying level of such failures is absurd. Get some professional mental health help as you’re making a fool of yourself with those repeated manic cries.

          • Steve Lukas

            Your only hope is for a spiritual awakening ….
            No man will be able to reach you….

  • G21

    The massive National Debt acts as a huge drag on the economy, especially the stock markets. Since QE3 ended, the Dow has wandered aimlessly, and in fact is lower now than it was then.
    The stock markets are displaying symptoms of Debt-Sickness, unable to mount any sustainable rise without the infusion of more free $$$ Hundreds of Billions.

    It’s a terrible idea to think that such a dysfunctional market would be a worthy place to put your hard-earned dollars.

    • Bubba Johnson

      End the FED

    • fwalker15

      Seems like if one was is overly concerned with the national debt would they choose to be overweight cash or dollars? Maybe some do not understand that inflation – creeping to moderate inflation is a positive for stocks. Maybe they don’t know the issue that has affected the economy, commodities and recently stocks is known as “deflation”. Maybe some don’t know that higher rates may provide banks the incentive to take risks and create loans thereby creating capital in the broader economy and potentially higher returns for savers as well as many other “normalizing” factors. Someone may not know that in a system based on fractional reserve banking increased debt base = increased growth. Make no mistake there are issues and an education in market cycles suggests a crash (a scary word meaning 30% decline) may be ahead and although I’m generally bearish especially at overvalued levels and when rookie speculators are everywhere in capital markets. That does not appear to be the situation presently and this likely is a tradable low – not quite as easy as it was 1,500 Dow Jones industrial average points lower when your end of civilization points were at their peak but nonetheless most likely range bound to higher IMHO. Please continue the rants though as you seem to be one of the best inverse sentiment trading data sources found on this forum. I’m near certain that if a 30%+ decline or(Crash!!!) does materialize sometime after Oct of first or second quarter next year you will again be ranting continuously while others see the long awaited opportunities to acquire quality on sale.

    • Nemnor

      G21, the stock markets are displaying symptoms of a decadent and decaying Capitalist economic system.

      It is the Capitalist system itself that is at the very root of all the major socioeconomic issues you see in the world (if only you look at the past 3 or 4 decades). And, the real and only solution begins with dismantling Capitalism and building a genuinely sustainable alternative. The Capitalist “boom and burst” cycle – which is now more and more a “burst to bigger burst” cycle, can only end very bad for the Human Race and the Planet.

      • fwalker15


  • JJ

    It’s not going to crash. In fact I just read a printed article today that was entitled “Next stop: Dow 30,000.”

    • fwalker15

      Keep dreaming – djia 30,000 = roflmao… Maybe after 5+ years of component company and divisor calculation methods. Thanks for the great laughs.

      (With 86,400 seconds per day , even a stopped clock may be correct twice per day if you just ignore the 86,398 incorrect between.)

  • Renov8

    Its all a charade…………

    • fwalker15

      You may very well be correct. After the significant selling of treasury bonds recently by China the “buyer of last resort” may have taken the opportunity to lean on equity markets and take some of the froth off the valuations and at the same time the knee jerk reaction by traditional money manages is to move closer in the risk curve or flight to quality into those treasury bonds. A brilliant strategy and easily anticipated to those who carefully monitored those markets and events. At this point those “imbalances” may have “unwound” and that buyer of last resort may even be somewhat “net short” and be awaiting the future selling. If in fact that was the scenario and it was a charade equilibrium may be at significant higher levels and the doomsday crowd may again be stuck with excess vitamins and water and tinned foods…for now.

      • Nemnor

        Even if the “doomsday crowd” may have it wrong on when or how the system will collapse, the decadent world-wide Capitalist system is SURELY on a general (slow grind) decline in which a particular even can “trigger” a sudden collapse (like the 2007-2008 collapse).

        However, the key thing to KNOW is that Capitalism can no longer generate long-term recovery (look at the past 3 or 4 decades of general socioeconomic decline to KNOW this is so). Hence, regardless to what happens to the markets today or tomorrow, the system will eventually sink (“rot”) into total socioeconomic collapse/chaos and/or WW-III (for the similar reasons Capitalism brought about WW-I and WW-II)

        • fwalker15

          You may be projecting your own mental health issues. You seem to be suffering from some form of PTSD and severe delusions. Sorry for your losses but you obviously desperately need professional help.

  • Bubba Johnson

    I got it. While checking humidity levels in the vitamin bunker it came to me. Even if the stock market does not crash, Drug companies should do very well no matter what. Not just vitamin drug companies.

    • fwalker15

      Pharmaceutical companies are considered defensive issues and may outperform. Make no mistake about it though when the cathouse catches fire everyone gets burned. There are leveraged inverse etfs that move opposite and up to 3x the index change some that I like but by no means are recommendations (consult your professionals for that) are tza = 3x inverse of Russell 2000 sqqq 3x inverse of NASDAQ and spxs 3x inverse of sp500 and uvxy 3x the vix. On market weakness I like TMV and SBND 3x inverse treasury and uslv 3x silver jmho. I never give legal tax or economic or investment advice or services whatsoever I’m just here for laughs and comedy 🙂

      • Bubba Johnson

        I was not giving any advice either, just seems to be a lot of crazy people around and that fact might help the drug companies.

      • Nemnor

        And, I believe you are here also because you are NOT a truly successful stock market “investor”/”gambler” as you seem to imply that you are. Because it is unlikely that a successful stocks “investor/gambler” would spend so much time in this blog.

        Anyway, it seems like you main objective is to spread the idea that people should be looking for ways to “profit” from the market swings, rather than comment on the system. Hence, I posit that you are part of the problem, as the decadent world-wide Capitalist system continues on it’s (slow grind and somewhat gradual) decline towards total collapse/chaos and/or world war.

        • fwalker15

          Put your head back in the sand you have no concept of reality only delusions suggested by those that duped you.

  • Sonoran

    should i be a gun owner in canada?i want to but its such a big hassle. any canadians on here with a good opinion?

    • fwalker15

      If you need to go online and ask questions like that your money may be better spent with a mental health professional.

      • HeyAHuman

        Seriously? Because one is concerned with personal defense, you think he has mental health issues? You’re a joke.

      • Steve Lukas

        you are a complete joke….sounds like you were psychologically abused in school and have nothing better to do than throw negative insults at whoever and whenever you can find a forum…..

      • Steve Lukas

        When the calamity hits you will have NO bunker to hide in…
        You will have NO provisions set aside and will
        be one of the multitudes of ignorant lost souls
        roaming the streets…

        You cannot take criticism as your anger is your downfall…

        Ask for forgiveness as you are a hateful soul
        that has fire reserved for eternity.

        • fwalker15

          Youre proving yourself to be a raving lunatic.

  • FortuneSeek3rz

    CNN will numb your mind like the rest of today’s processed, sanitized, commercialized, corporate fascists. If it disappeared tomorrow humanity would be the better for it.

  • El mico

    Eerily quite here this last week.

    • fwalker15

      They didn’t embarrass themselves enough last week with the ludicrous end of civilization rants? Comical they think a 10% stock decline will trigger that event rather than an unforeseen even triggering a market disruption. Either way sure was great comedy while bargain hunting in beat up energy and oil stocks. 🙂

      • Steve Lukas

        keep doubting as you are quite lost and confused not to mention spiritually blind…

        We ( watchman) can only warn those with ears that hear…..

        Your greed will be your downfall……

        Remember eternity is a long time….

        • fwalker15

          Your ludicrous notions are not warnings and in time maybe you may become somewhat lucid and recognize your foolishness and the harm it has caused you and any others delusional enough to consider those maniacal ants as anything other.

    • Bubba Johnson

      Busy prepping. Harvest coming in and canning a lot. Next seasons wood is cut and ready. Fall is a busy time for me. Dow is down about 150 so you bargain need to BUY.

      • Bubba Johnson

        Sorry bargain hunters

        • fwalker15

          Sorry for what? Energy stocks were an easy up and out with excellent percentage gains.

  • Steve Lukas

    As to what to expect in the future, the answer can be found in the past. Specifically, the Wall Street crash of 1929.

    If you look back at these economic crises and stock market collapses
    that are associated with depressions, the first stage is what we’ve
    already seen, which is the big fall off in commodity prices.

    If you go back to the Great Depression, it didn’t start in 1929 in all the countries.

    It started in 1928 in Australia and in Argentina and Brazil, Uruguay,
    and Finland, Bulgaria, and in Germany. The depression had already begun
    by 1928 and then we had a huge, huge sell-off in Wall Street, which sort
    of rang the bell so that anybody who was not watching then knew” that
    we were in deep trouble.

    We’re into this same kind of cycle as it relates to the collapse of
    world demand, the fact that we’ve had commodity prices plunging.

    If you go back to December of 2011, the price of iron was $190 a metric
    ton. Now it’s down to $44. We remember the price of oil being up at
    $140 some dollars and now it’s the low $40,” he said. “This is a very
    significant indication of weakness in the global economy.”

    And while it’s human nature to think that tumbling oil prices are a good thing, it’s often a mixed blessing.

    Already trading at six-year lows on a prolonged slump, U.S. crude fell $2.21 Monday to finish at $38.24 per barrel.

    Oil hadn’t closed below $40 since February 2009, although it briefly
    traded below that level on Friday. Monday’s closing price was the lowest
    since Feb. 18, 2009, the AP reported.

    It is a good thing if you’re buying gasoline. It is not a good thing if you’re pumping energy from the ground.

    If you’re looking at the employment numbers in the United States, where
    did employment grow during this so-called recovery that we’ve been
    living through for the last six years? It grew in areas where they were
    drilling oil. It didn’t grow any place else.

    And this is probably not a coincidence because there really hasn’t been
    that much vigor in our so-called recovery and probably it’s going to go
    back down again.

    • fwalker15

      Meanwhile oil moved up nearly 20% from that $38 level with zero economic advantages to you whatsoever while you hide and cower in fear. Maybe stop pretending you have any understanding of economic and market cycles and get an actual education. Even you may be able to benefit between now and your end of civilizations forecast. PS let’s hope you’re correct and markets do decline again as I’m short the Russell 2000 again. 🙂

      • Arrogantbitch

        I hate people with black dogs.

        • fwalker15

          Most sheep suffer from those same issues.

      • Guest

        I would like to know without having any knowledge of what unforeseen things can happen the rest of the year, what is your guess what numbers the Dow Jones, WTI Crude and gold will end the year at.


        • fwalker15

          I think the djia may finish sept about 17,100-17,200 and finish dec about 15,700. Oil about where it is now and gold about here too. I am very very very bullish on silver going forward.

          I think the real risk is the treasury market and TMV and SBND might be something to look at. Not advice consult your professionals for that.:)

          • Guest

            Thanks for the quick response.

            Can you turn “very very very bullish” into numbers and times?

            I find it amazing how no one here has any interest to ask questions or get your opinion. Right or wrong is is free.

            Again, Thanks.

          • fwalker15

            Silver over $100 would not surprise me within one or two years. Silver $200+ would not surprise me soon after that. Any “real” crisis and you can add another zero on those guesses. 🙂

          • Alwaystomorrow


  • JohnnyReb

    On 5/12/15 the Dow closed at a record 18312.
    It will never be that high again.

    • Bubba Johnson

      I agree. But remember all it takes is a bunch of educated people yellen Janet Janet Janet. Then the FED will pump it up.

  • Nick

    Of course CNN is saying that the market won’t crash, propaganda is what they do.

  • Bubba Johnson

    While we wait for a new article from Michael.

    For a guy and his girlfriend with two kids all you have to do is follow these proven steps:
    1. Don’t marry her!
    2. Always use your mom’s address to get your mail.
    3. The guy buys a house.
    4. The guy rents out house to his girlfriend with his 2 kids.
    5. Section 8 will pay $900 a month for a 3 bedroom home.
    6. Girlfriend signs up for Obamacare so guy doesn’t have to pay for familyinsurance.
    7. Girlfriend gets to go to college for free being a single mother
    8. Girlfriend gets $600 a month for food stamps.
    9. Girlfriend gets a free cell phone.
    10. Girlfriend get free utilities.
    11. Guy moves into home, but continues to use moms address for his mail.
    12. Girlfriend claims one kid and guy claims the other kid on their taxforms. Now both get to claim head of household at $1800 credit.
    13. Girlfriend gets $1,800 a month disability for being “crazy” or having a “bad back” and never has to work again.
    *This plan is perfectly legal* and is being executed now by millions of people.
    A *married* couple with a stay at home mom yields $0 dollars.
    An *un*married couple with stay at home mom nets $21,600 disability+ $10,800 free housing + $6,000 free obamacare + $6,000 free food + $4,800 free utilities + $6,000 pell grant money to spend + $12,000 a year in college tuition free from pell grant + $8,800 tax benefit for being a single mother = $75,000 a year in benefits !

    • Flippah

      There are those, like paranoid schizophrenics, who aren’t “faking it” and truly have debilitating, if not hindering, illneses.

  • juvanya

    CNN = Baghdad Bob

  • Mr Reynard

    I believe it ! I believe it ! The Easter Bunny told me that CNN is always telling the truth……..
    I know, everything that I need to know, CNN told me so !

  • cnn is lying

    if cnn is saying this then i will do the opposite, cnn is lying

  • Build a burger

    Technical and breadth indicators have been lousy for several months.
    How many in the lamestream media warned of the last crash and bear markets?

  • Michael Farley

    How much gold does a household need?

  • james

    This is what Enron executives told employees and investors so they would take the fall while the exec’s made a killing.

  • Scott Comin

    Talked to a financial planner outside the high end hotel I work at in NYC. He said he has been out of the market for a while. Please have a fee based financial planner!!!!

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