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During Every Market Crash There Are Big Ups, Big Downs And Giant Waves Of Momentum

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Tsunami Tidal Wave - Public DomainThis is exactly the type of market behavior that we would expect to see during the early stages of a major financial crisis.  In every major market downturn throughout history there were big ups, big downs and giant waves of momentum, and this time around will not be any different.  As I have explained repeatedly, markets tend to go up when things are calm, and they tend to go down when things get really choppy.  During a market meltdown, we fully expect to see days when the stock market absolutely soars.  Waves of panic selling are often followed by waves of panic buying.  As you will see below, six of the ten best single day gains for the Dow Jones Industrial Average happened during the financial crisis of 2008 and 2009.  So don’t be fooled for a moment by a very positive day for stocks like we are seeing on Tuesday.  It is all part of the dance.

At one point on Tuesday, the Dow was up over 400 points, and many of the talking heads on television were proclaiming that the stock market had “recovered”.  This is something that I predicted would happen yesterday

And if stocks go up tomorrow (which they probably should), all of those same “experts” will be proclaiming that the “correction” is over and that everything is now fine.

No, everything is not “fine” now.  The extreme volatility that we are witnessing just tells us that more trouble is coming.  Early on Tuesday the market was “burning up energy” as short-term investors sought to “buy the dip”.  But now that wave of panic buying is subsiding and the Dow is only up 240 points as I write this.

Overall, the Dow is still down more than 2,200 points from the peak of the market.  Even though I specifically warned that a market crash was coming, I didn’t expect the Dow to be down this far in late August.  Even after the “rally” we witnessed today, we are still way ahead of schedule.

The truth is that what we have seen so far is just the warm up act.

The main event will unfold during the months of September through December, and right now most people could not even conceive of the things that we are going to see in 2016.

But all along, there are going to be days when stocks fly higher.  As I mentioned above, many of the “best days” in stock market history occurred right in the middle of the financial crisis of 2008 and 2009.  This is a point that Jim Quinn has made very eloquently…

Six of the ten largest point gains in the history of the stock market occurred between September 2008 and March 2009. That’s right. During one of the greatest market collapses in history, the market soared by 5% to 11% in one day, six times. Here are the data points:

2008-10-13: +936.42

2008-10-28: +889.35

2008-11-13: +552.59

2009-03-23: +497.48

2008-11-21: +494.13

2008-09-30: +485.21

Do you think these factoids will be shared with the public today on the stock bubble networks? Not a chance.

And all of the technical indicators are still screaming that U.S. stocks have a long, long way to fall.  For example, just check out this chart.  The long-term analysis has not changed one bit.

Often, it is the short-term news that drives markets on any particular day.  Tuesday began with another massive stock selloff in Asia

The Shanghai Composite, China’s main stock exchange, fell 7.6% on Tuesday – after losing 8.5% on what state media have called China’s “Black Monday”.

It was the worst fall since 2007 and caused sharp drops in markets in the US and Europe

Tokyo’s Nikkei index had a volatile day, closing 4% lower.

In another desperate attempt to stop the bleeding, the Chinese decided to cut interest rates

The People’s Bank of China has lowered its interest rate for the fifth time since November. The one-year lending has been reduced by 25 basis points to 4.6 percent; the one-year deposit rate has been cut by 25 basis points to 1.75 percent. The change comes into force on Wednesday.

This reduction in interest rates was cheered by investors all over the planet, and as a result there was a wave of panic buying in Europe and in the United States.

But none of the short-term activity changes the fact that global financial markets are absolutely primed for a giant crash.  I like how Bill Fleckenstein put it during a recent interview with King World News

I have no idea how this is going to play out, other than I know we are headed considerably lower. The fact that so few seem to understand what the actual problem is makes me even more confident about that point. It would seem that everyone is using the easy answer and blaming China, but that was just the catalyst. The market has been trading in a heavy sideways fashion for some time, expectations are way higher than can be met, the technical action has now deteriorated, and bad news actually matters at the same time that speculation has run rampant. As I have stated many times (and also noted the reasons why), you couldn’t create a more crash-prone environment if you specifically set out to do so.

What we can’t account for are “black swan events” which could greatly accelerate this financial crisis.

A war in the Middle East, a major natural disaster or a terror attack involving weapons of mass destruction are all examples of the kinds of things that could turn this market crash into full-blown market implosion.

As we move into the critical month of September 2015, I think that it is safe to say that we should all be ready to expect the unexpected.  Our world is becoming increasingly unstable, and I am extremely concerned about the period of time that we are heading into.

The nice, comfortable period of relative stability that we have been experiencing for the past few years has come to an end.  I hope that you have enjoyed the good times while you still had them.

Now we are moving into a time of tremendous chaos and rapidly shifting conditions, and it is imperative that we all work very hard to get prepared for it while we still can.

  • DW

    I will be in Hawaii next week for the first time….I hope all remains calm until I get back, otherwise i’m going to stay there and live off off pineapples and coconuts.

    • piccadillybabe

      They have been hit with massive floods over there lately. Good luck with your trip. There is no safe haven these days.

    • True Grit

      They don’t grow those over there anymore.

      • DW

        Well I guess I will go live in the Hilo jungle and live off of the fat of the land. :)

    • Alexandros HoMegas

      Be careful to not be eated by the natives.

      Captain James Cook got cooked!

      • alan

        Long pork!

    • GSOB

      What’s a gallon of organic milk in Hawaii cost now adays?

  • At this point I hope people will still be able to wake up before the fat lady sing her song… but the stage is ready for the act to show up, and the fat lady is already in the stairs in full Opera garment… the public however does not know how fat is the lady yet, and how terrible the song will be… but for sure it will not be a beautiful melody…

    • fwalker15

      The fat lady was singing at yesterdays open today’s retest had to be expected and may well hold at set the stage for a 5%+ short squeeze higher.

  • Guest

    Thank you so much for this follow up to yesterday’s article, Michael. We are rapidly preparing for whatever is about to hit us. I know in my gut it ain’t gonna pretty. Too many events lining up in September. Thank you again for keeping us informed and educated

    • fwalker15

      You’re far from informed and if this site is where you get your education you are deluding yourself

      • G21

        Yes, you’d better listen to fwalker15, who has better insight than the rest of us!

        • fwalker15

          I’ve discounted more of this game than you’re capable of learning.

          • Isaac

            Are you an expert? Michael knows what he is talking about and you?

  • CASTIEL

    Do you know people what most pisses me off? Is the media who try to fool us……this cockroaches who call themselves jounalists tryng to lie to us…..The mission of a journalist is try to find the true and report that to the people..and not working for the governement.Thats why I thank to the person of this blog who always try to teel us the true and all the others who try to open our eyes……I respect them a lot because if we live by a lie we cannot be free…we are slaves of that lie..That false freedom that we live is just false…this so democratic system we live is just false…We are slaves and the most of us dont know it……They just allow it…The real freedom is to decisions in base of facts that we know…the true…because if we do decisions in base of a lie we will never be free but stuck to a lie and live by the pricipiles of the elites who run this world….I m just waiting for the day that we can be free again and see these demons burn in hell…..Lets wai for the collapse of this crap and see the expression of the faces of this dogs when all fall to pieces

    • Marco

      Independent media on the internet is the last bastion of free speech. I haven’t watched the news on tv in years. I suspect I’m not alone. But once the internet is regulated, that’s it.

      • lynseysnolan

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    • RedPillPlease

      The Fraser Institute just published it’s latest Freedom Index report which analyzes the overal civil liberties of the world’s nations. The U.S. has continually been downgraded over the years where we are now ranked 17th, just barely edging out the Czech Republic. So sing that National Anthem, pledge your allegiance and salute ole glory … but do know those symbols no longer represent their original intent or meaning. We are marching (willingly it seems) headfirst into a full blown Police State.

      Think about it: If 5 black robed tyrants can dictate their will upon the 50 states while spitting in the face of God that sodomites can become a special class of citizen and trump the common sense of the people, tell me, at what point does dictatorship become reality?

      • CASTIEL

        We are already living in a hidden dictatorship my friend….Yes they spit in the face of god but i assure you God will spit in them too

        • GSOB

          Psalm 103:11

          • Saltherring

            Amen!

        • SunnyFlaSnotress

          You pin everything on the government in regards to media, but really, the people are working more for commercial interests. Your English and writings makes me suspect that you really don’t know the makings of this country all that well as you think. You think you’re a slave? Go back to your homeland. America.. love it or leave it.

          • CASTIEL

            My grandfather was american is and my ancestours fight for the confederation….i lived in virginia a few years when he was still alive…a few decades ago my father came to europe…….I m in my homeland now…..the fact of being slave is mundial…not only in USA..and stop being arrogant and find intellegence to respect the opinion of others

          • M.

            America is a Judaized country, a decadent filthy society that for better or worse will one day be subjugated by Russian might. All of the corrupt western “democracies” will come under the domination of the more disciplined and vigorous people of the East. That is their condign punishment for their apostasy.

          • nekksys

            Hi, Sunny!!!

            Let’s take a close look at “media outlets” shall we? I work for one. We’ve become beholden to the AP for a large portion of our news mainly because of budgetary concerns. The AP is rife with government intervention and control! It also doesn’t help that the few reporters we have are blithering idiots with an extremely poor mastery of the English American language (No one here speaks English any longer) who tend to bury their heads in the sand and blindly accept whatever they’re told rather than think for themselves to exemplify some modicum of true journalism. Other outlets have suffered the same fate, some to far worse degrees.

      • Antonio Ossa

        YOU REALLY WANT TO GO BACK TO LIVING IN THE DARK AGES?

        • Mike

          The dark ages was a time when the Roman Catholic Church was the government. And if you dissented from their manmade rules you died. Not really the alternative the guy above was talking about.

          • M.

            The Roman Catholic Church is the True Church, your prot sects are man-made and utterly worthless. I spit on your heresiarchs’ graves prot.

          • Ricardo

            NO IT’S NOT the true church. Its as PAGAN as HELL.

          • M.

            You are like the Pharisees who blasphemed Christ by saying that He worked His miracles by the power of the devil. If you bothered to read the ancient writers you would see that their doctrine was Catholic, the heresies taught by the devil’s emissaries in the 16th century would have been as abhorrent to them as the Arians, Marcionites and other accursed sects that existed in their own time.

          • GSOB

            Don’t act like the people who make horoscopes and try to read their fate and future in the stars!
            Don’t be frightened by predictions such as theirs, for it is all a pack of lies. Their ways are futile and foolish. They cut down a tree and carve an idol; they decorate it with gold and silver and fasten it securely in place with hammer and nails so that it won’t fall over.
            And there stands their god like a helpless scarecrow in a garden! It cannot speak, and it must be carried, for it cannot walk. Don’t be afraid of such a god, for it can neither harm nor help nor do you any good.

          • NinjaGiraffe

            It never ceases to amaze me…

            We know by human history that when the enemies of (that is, those that hate) a person or organization cannot get dirt on, or attack, those they hate on any point of truth or reality, in about 99 times out of 100, they lie through their teeth if they have to, in order to throw dirt on them (or the ideology, etc).

            However, when it comes to the Catholic Church, suddenly everyone seems to believe in an absolute infallibility of those who hate her, across all the ages, which they themselves would never dare to adopt religiously. The Catholics, at least, believe in a very limited infallibility of one man. Her enemies believe in the absolute infallibility of all who have spoken ill of her. That takes quite a lot more faith!

            If we look at the reality around us rationally, even persons who are genuinely, incredibly evil tell the truth from time to time. But the Church is called an absolute liar in all that it says, always, and ESPECIALLY all that it says in it’s own defense.

            Just imagine running a court room that way! “Well, the public hates this person, and WE hate them, and we believe that therefore, everything they say is a lie, so… we don’t have to look at the evidence or hear their testimony. We can just go ahead and… you know…” (The protestants did, actually… They murdered a considerable number of Catholics just for being Catholic. Like that poor woman they thought it would be fun to set a massive wooden door on, having laid her on top of spikes, and then put weight after weight on the door till… oh yes… but she was Catholic, so… that can’t have been an atrocity, because protestants never commit those.)

            No one EVER seems to question the least thing they have heard about the “atrocities” of the Church… the accounts of which have been so grossly and broadly distorted that even Hollywood got around to taking a shot at it. In fact, they readily believe Hollywood, there, where they wouldn’t ever believe them about anything else! But you could walk into certain die-hard, old-school, super-traditional Catholic chapels, and get a dose of truth telling about what goes on in the Church that, however humiliating it is to them, they will at least tell you honestly. I mean to say that in almost any such establishment, you can find folks who know exactly (or in some cases at least approximately) the explanation for the genuine scandals going on now, and they have no qualms about acknowledging the truth or telling it, distasteful and ugly as it may be. In fact, they have no qualms about telling it, even if it causes the curators of their own Church in Rome to attack them with any number of ugly names like schismatic, heretic, rebel, etc.. But I have yet to meet a protestant or atheist in an online forum who would dare question their OWN dear leaders on any of their pet points of history or ideology, or even the common understanding of Catholic “history” …and we all know how faithful and infallible the accounts of history tend to be in just about anything else… so of course, it’s impossible that anyone could have gotten it wrong about the Church, right? (Like, never mind how many Jews were saved by the pope during the war. Who only knows what lies have been told there… But at least one very prominent Jewish Rabbi converted to Catholicism at the end of that war, having witnessed the lengths the Church went to to save Jews… it’s own ideological opponents.)

            Just a little intellectual honesty and rationality would be good here. Even the admission that those who hate a person or organization are often not going to be telling the truth about it, for reasons of sheer bold (fallen) humanity… and that often enough, the lies come in direct proportion to the hatred of the person or thing. If the Catholics can admit a shameful, outright scandal among their own ranks for what it is, why can’t others admit one in the ranks of “historians” or in the history of their own sects? Like the scandalous manner in which the commonly held account of the Inquisition was originally “made public” by a protestant… who began this quest for “truth” by destroying official documents on the events. Always a promising start to telling the truth, no… getting rid of the evidence, first thing.

            One just wonders where all the precious incredulity goes, the minute it’s a question of a man’s own enemies. One half of honestly lies there, my friends… the ability to accept the truth, no matter how much or little we personally like it. If even a broken clock is right twice a day, it’s a bit harsh to say the Church can never have told the truth about the great “scandals” of it’s history. Sadly, few of even it’s own members seem to know that history, themselves, which rather complicates things. Nevertheless, the truth about those issues is there, for those who genuinely want to know it, and it’s about as different from the Hollywood version as light is from darkness.

          • M.

            Spot on, very well written. The answer can be found in the Gospel of St. John. 3:19-20. They hate the light instinctively. The heresiarchs and their followers adopted the new religion because it enabled them to indulge their pride, avarice and lust whilst claiming to still be “Christians” despite it all. Rather like Mohammed knew the Catholic doctrine but rejected most of it, keeping the parts he liked and adding others of his own devising such as being permitted to have four wives and an unlimited number of concubines.
            Like Mohammedanism Protestantism is a religion of libertines and thieves, that is quite evident in its history. Everywhere it took root it was imposed by force like Bolshevism in the 20th century. Just as the Bolsheviks really wanted absolute power for themselves and to do with their unfortunate slaves what they willed, despite all the talk of alleviating human misery, setting up a new perfect communist society wherein all suffering and want would finally be eliminated and so and so forth, so did the original prots simply want to gain power at all costs, loot the Church and enslave the populace.
            Reading history one finds that the peasants lot generally was much worse under the prots as they did away with all the old Holydays and made them work unceasingly like Chinese coolies. In England many starved to death when the monasteries they had previously resorted to in times of scarcity were taken over by worthless filth, the friends of the accursed Henry VIII who of course turned them away to die.
            The reason that England and the other countries were in the end so thoroughly protestantized is the same reason that the U.S.S.R. and its satellites were so thoroughly communized, a combination of terrorizing the adults and brainwashing the children. We can see how well it worked in all these prots who know no history, no philosophy, very rarely speak more than one language, and yet think they know everything.

          • Gay Veteran

            so amusing to see you “Christians” fight among yourselves over the unchanging word of god

          • M.

            Catholics alone are Christians, the rest fall into the categories of heretic, schismatic or infidel. The protties may hate me and other Catholics, but their company is still preferable to yours, as at least they don’t deliberately sin against nature and engage in acts that would turn any normal person’s stomach.

          • Saltherring

            You will find out on the judgement day what your pagan practices have gained for you. Better go ask Mary or your pope what to do about that.

          • M.

            Your contempt for God’s Mother shows that your are imbued with the spirit of satan whether you realize it or not. Escupo en tu cara cobarde! Tu eres una cucaracha sin valor, Dios te castigara si no abjuras tu herejia. Tell me what I said punk, ha ha ha! You can barely speak flipping English much less anything else prot imbecil. Jetzt ich muss gehen. Auf wiedersehen Dummkopf.

          • Saltherring

            My, aren’t we something special. See what all that Catholic paganism and foreign gibberish will buy for you on Judgement Day, for only Jesus Christ can save you, not Mary, your priest or the pope. Better think about that.

          • M.

            I doubt you’d call somebody a friend who had nothing but contempt for your mother, why do you think Christ loves His Mother less than mere human beings do? May God have mercy on your soul. Perhaps I shouldn’t have written such insults and I wouldn’t have if you’d only showed contempt for me, as I deserve it for my sins, but when you claim to love Christ and then more or less spit on Him by vain presumption and contempt for His Mother it can’t help but anger one who is a soldier in the true Army of God, the Holy Catholic Church.

          • Saltherring

            One day you will find what membership in your catholo-pagan cult buys you…the day you face Almighty God.

          • M.

            One day you will learn what your obstinate heresy and membership in a man-made sect gets you old boy. I would be interested to know who washed your brain as they did a masterful job. The Communists could learn a few things from them I wager.

          • Saltherring

            May God have mercy on you.

          • Gay Veteran

            spoke like a true self-righteous arrogant Pharisee
            now don’t you have a street corner to pray loudly at?

          • M.

            Why do you hate prayer so much? Could it be that it reminds you that you will have to answer to God for your abomination? Why did you become a sodomite? It is possible for you to stop now before it is too late. If you continue you will most likely die of aids or some other disease. Better for you to stop now and do penance.

          • Gay Veteran

            hey Einstein, try reading your own bible:

            “And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men.”

            Why did you become a moron? It is possible for you to stop now before it is too late? If you continue you will most likely die of your own stupidity.

          • M.

            It appears that I struck a nerve ha ha!

          • Gay Veteran

            uh, no, YOU need to read your own bible

          • Saltherring

            Perhaps you should consider repenting of the sin of sodomy before condemning others.

          • Gay Veteran

            perhaps you should try thinking for yourself because I didn’t condemn anyone.
            and bet you got all excited typing “sodomy

          • Saltherring

            Not hardly. Real men don’t bend over for anyone.

          • Gay Veteran

            interesting you ignored the first part of what I wrote:

            perhaps you should try thinking for yourself

          • Ricardo

            2 Wherefore should the heathen say, Where is now their God?

            3 But our God is in the heavens: he hath done whatsoever he hath pleased.

            4 Their idols are silver and gold, the work of men’s hands.

            5 They have mouths, but they speak not: eyes have they, but they see not:

            6 They have ears, but they hear not: noses have they, but they smell not:

            7 They have hands, but they handle not: feet have they, but they walk not: neither speak they through their throat.

            8 They that make them are like unto them; so is every one that trusteth in them.

            Psalms 115: 2-8

          • kfilly

            And they supported Nazi Germany during World War 2. The pope called for global communism. Sorry to break it to you, but Karl Marx and his socialist pals were Satan worshippers. Karl Marx wrote a poem dedicated to Satan. That is not the stuff a proclaimed aethisatheist would do.

          • M.

            The Church is indefectible. If the pope should command the Faithful to become communists it is their duty to refuse obedience to that command as it clearly contradicts the Doctrine of the Church. The only countries to effectively resist communist dictatorships being imposed on them during the 20th century were Catholic. You might be interested to know that the East German communists had statues not only of Marx and Lenin, but of Luther and a few other heresiarchs as well, as they considered the heresiarchs to be the forerunners to themselves insofar as they combatted God’s Church.

          • GSOB

            “So watch yourselves carefully, since you did not see any form on the day the LORD spoke to you at Horeb from the midst of the fire, so that you do not act corruptly and make a graven image for yourselves in the form of any figure, the likeness of male or female,…”

            Rome’s lopsided version of ‘catholicity’ is altogether ‘worldly’, ‘lustful’ and ‘deceitful’.

            Deuteronomy 4:15,16

          • M.

            You believing in the Holy Scripture is illogical, since the doctrine that it is inspired by God and inerrant originated with the hated papists. It’s copies were made by romish monks for hundereds of years, who knows how many papist doctrines they introduced into it during that time right?
            It would be more logical for you prots to do as Mohammed did, say the romanists corrupted the Old and New Testaments and write a new “holy” book of your own, or adopt one already written, perhaps Calvin’s “Institutes”. That might make a suitable Quran.

          • GSOB

            In the true “Catholic” Church – Rome is not a part.

          • GSOB

            Rome is …… well
            “Romish”

          • Matyasotvos

            I doubt that Christ applauds when you say you spit on someone’s grave.

        • kfilly

          That is essentially the present form of serfdom you live under.

      • ter ber

        Amen!

      • Gay Veteran

        bet you got all excited typing “sodomite”.
        bet you are the same type of person who said interracial couples in the 1960s became a “special class of citizen”

        • Tomahawk

          The major difference is that being gay is a behavior. We regulate behavior all the time.

          • GSOB

            A vile and sinful behavior which the Lord condemns.

          • sickofbigots

            You are an idiot.

          • Gay Veteran

            don’t you have a street corner to pray loudly at? or a bible verse to parrot?

          • Gay Veteran

            like being heterosexual is a behavior

      • Tom Angle

        A really long time ago. What sealed it was when they took the gold. Basically, they said you have no right to own anything.

    • Harbinger

      I would never hope or be happy to watch the elite lose their fortunes, even if it is deserved. Then I would be just as guilty as they are.

      • CASTIEL

        guilty of what? they are just going to take responsability of their actions dont you think?how do you want to live in a better world if you permit these vermin that are destroying the world to continue their actions??I believe in justice…and those people are the cause of many families passing difficulties in these days…so yes if i ask for justice i m not like them……But I let these words to you :
        “All that is necessary for the triumph of evil is that good men do nothing.” (Edmund Burke)

        • Harbinger

          You are correct: however, we are not supposed to be the judge of others. I do not gloat in the destruction of others, even when it is their own actions that brought it down upon them.

          • CASTIEL

            My friend if we dont judge the evil acts of others how can we fight evil? how can we become a better society?their destruction will be a lesson for them….is how people learn the right way…. by lessons..but even they dont learn…..I will be glad that justice exist in this world.They think that they are superiour to everyone….but we are all equal because we walk to same destiny: death…

          • Harbinger

            I like your passion, but the only thing we learn from history is that we don’t learn from history. The government and courts have become irrelevant for anyone seeking justice based on truth. How do you purge a society that has become consumed with evil? We as a nation, not individually, are morally corrupt. Take money out of the equation and then you will see true evil as man, woman, brother, sister, parent and child turn on on one another for the sole purpose of self preservation. It is truly a lose lose situation.

          • CASTIEL

            Well I must agree with you in this post. Like Einstein said : the stupidity of human being is ifinite. But is always good to see karma working :)Thats why i believe to purge a society from evil is a big catastrophe…where the strongs of heart survive and begin all again….God will not permit this situation too long…there will be a day where all of us must answer for our errors

          • GSOB

            ” How do you purge a society that has become consumed with evil? ”

            Don’t act like the people who make horoscopes and try to read their fate and future in the stars!

            Don’t be frightened by predictions such as theirs for it is all a pack of lies.

            Their ways are futile and foolish.

            They cut down a tree and carve an idol; they decorate it with gold and silver and fasten it securely in place with hammer and nails so that it won’t fall over.

            And there stands their god like a helpless scarecrow in a garden!
            It cannot speak and it must be carried for it cannot walk.

            Don’t be afraid of such a god for it can neither harm nor help nor do you any good.

            The wisest of men who worship idols are altogether stupid and foolish.

          • kfilly

            The Bible that people should be judged fairly. The Bible even states that murders should be put to death.

          • GSOB

            John 7:24

    • Aaron

      Mainstream media will never tell anyone to sell or get out of the market because large media companies are on the stock exchange! And their ad revenue is from publicly listed companies. It’s a huge conflict of interest.

      Last Friday the NYTimes ran an article telling everyone to not sell and the drop is “good.” They are actively trying to reduce panic and stop the sell-off. But they will fail.

      • Annette Smith

        Remember when Cramer told people to get out of the market for five years, anyone?

      • alan

        401k’s have the people held hostage, how convenient. When the people cry, well the Fed must ease!

    • Priszilla

      Recommended reading: Glenn Greenwald: No place to hide

    • Sunshine49

      The Bible warns not to hold animosity in our hearts. When it comes time for judgment, it’s our hearts that God will read. Jesus said to be IN this world, but not OF this world. We should do everything we can to protect our families and ourselves by being prepared the best we can for the hell that’s coming and pray for God to guide our every step.

      • GSOB

        We are not of this world we once were because we have been born again.

        When you pray, Jesus told His disciples to pray in this manner….

        …….to see the whole inhabited earth in entire conformity to the will of God….

        • Sunshine49

          We have a difference of opinion on what “born again” means. My understanding is that we are born again when we receive our uncorruptible bodies at the last trump. (1 Corinthians 15). Another definition is when we receive the Holy Spirit of God. Even the disciples said they had to fight against their human desires every day even though they had the Holy Spirit to guide them and give them strength. Are we any stronger than the disciples who knew Jesus in the flesh? The Bible also says that if you love the things of this world (like your own life and your family’s lives) then the love of the Father is not in you. Can any of us say that we have NO attachment to the things of this world? I can’t. I love my family and would die to protect them if it came down to it. That means my first attachment is for my family instead of God. I have not given up my will to God’s will by what holds my attention — like this coming crash. Can you say that you are any less involved in the things of this world?

          • GSOB

            1.)…”My understanding is that we are born again when we receive our uncorruptible bodies at the last trump.
            (1 Corinthians 15).”…..

            2.)….”Another definition is when we receive the Holy Spirit of God….”

            3.)….”Are we any stronger than the disciples who knew Jesus in the flesh?…”

            4.)…”Can any of us say that we have NO attachment to the things of this world?…”

            5.)…”I have not given up my will to God’s will by what holds my attention — like this coming crash….”

          • Sunshine49

            So what is your point by repeating what I wrote?

          • GSOB

            You doubt your own salvation, thus it shows.

          • Sunshine49

            If I do it’s only because of all the man made stipulations put on us by the churches. Like what the Pharisees were doing to the people. But then Jesus said that many would come to him and say all the things they did in his name and he said — go away from me because I never knew you. In this way Jesus was saying that many who “think” they are saved really aren’t because they are not really living according to God’s word. Personally I don’t know anyone that has given up all attachments to this world or to their own survival. Its not naturally in us.

          • NinjaGiraffe

            Look up Maria Goretti. A 12 or 13 year old who, for the love of God, preferred being stabbed to death by a would-be rapist, than to sin with him against the purity God loves, even in order to save her own life. And she forgave her murderer before she died, saying she wanted him to be with her in Heaven, because she knew hatred of one’s neighbor or even enemies, was not of God, but forgiveness. Her would-be rapist was ultimately brought to repentance by her and God, after her death, changed his life completely, and on his death bed, warned the world in a letter to avoid the impurity and immorality that had led him into that horrible sin. And she’s only ONE that managed to “give up all attachments to the world or their own survival” for the Lord. There are countless thousands of others.

          • Sunshine49

            I am not trying to argue either. From what I understand we are all forgiven our sins against each other. The sins that are not forgiven are sins against the Holy Spirit. It is worse if you understand what God expects of you and refuse to change or give up your own will to God. I am not so arrogant to think that I am among the chosen called by God or that you only have to say you believe in Jesus to be saved. There’s that little stipulation about repenting with your whole heart and giving up your will to God. It’s a daily battle in this world with all its distractions. Thanks for the story about the girl and her attacker who repented.

    • Gay Veteran

      in politics we are given the illusion of choice:
      democrats = republicans

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  • piccadillybabe

    This up and down thing is just to keep people from selling. “Don’t sell, don’t sell” you here from Fox and CNN. They are amassing trillions of dollars by manipulating these markets. Then when your portfolio has a zero balance, their mission has been accomplished.

    • jaxon64

      yep–all of the “experts” who commentate are reliant on you giving them your money to play with….
      And Michael, you jumped the gun, stocks are now down over 100 points near closing ( I actually saw this coming since the Japanese stocks did the same overnight with a 3 to 4% gain which was comp,letely lost be the end of the day)
      I honestly believe they were trying to manipulate against the downward momentum early in the day but couldn’t sustain against the tide—
      PS: As an after thought–have you noticed that ALL of the BRICS nations are being destroyed though?..we may be down and have some losses, but China, Russia, India and Brasil are in FULL COLLAPSE–many aren’t watching the Mumbai market but it is dropping as fast as Shanghai and Brasil is destitute…..these countries may get pissed at the USA and our ability to manipulate and print our way past these downturns—they may get PO’d enough to react militarily……just thinking

      • jaxon64

        PPS: I forgot to mention that Russia, who is 80% reliant on oil for their economy is getting angry–OPEC ( America’s middle east cronies) continue to deluge the market with oil even though there is an absolute glut of oil and they are LOSING MONEY at the current prices.
        There is only 1 reason the Saudis keep pumping sweet crude at these measly prices per barrel–there is an agenda.

        • fwalker15

          Meanwhile Russia runs both a current account surplus and trade surplus. Media and your television have fooled you …again.

          • jaxon64

            Trolls out in full force–must really be some uneasy bowels in the land of the shills and propagandists–
            PS: the ruble has dropped 60% of its purchasing power and the Russian markets are WAY down—go shill at MSNBC blogs or something

          • jaxon64

            sorry ruble down 40.6% not 60%–and Russian markets have only dropped 16%..
            Truth First

        • Jorma

          Interesting post jaxon64. Do you have any ideas what the Saudis agenda would be? I have thought the same thing but I can’t figure out what they would get in return for flushing their national wealth?

          • alan

            I think its a Russia, Iran, Syria vs US and Saudi deal. Who can bankrupt who first. Destabilization seems to be the game. Don’t forget Iraq, Libya, egypt and Ukraine is all part of the shenanigans too.

      • True Grit

        Yeah, They’re going to row over and attack us with a bb gun.

        • Gay Veteran

          ever hear of cyber attacks?

      • K2

        lol india reacting militarily to the US? Nor I think china or brazil will do that too. US is militarily stronger than any of these. Also its not america’s fault these countries are slowing down. Infact india’s GDP growth is rising.

    • James

      yes you should have sold in 2009 and bought in 2013.
      WTF.

      • piccadillybabe

        I’m out of it that charade or musical chairs, 2008-2008 was enough for 1 lifetime. I have better things to do with my time than baby sit a portfolio.

        • James

          2008 was an awsome time to invest.
          The stock market is not a game of musical chairs if you know what you are doing.
          Find solid blue chip stocks, do dollar cost investing, and reinvest dividends, and you will gain money.

    • RedPillPlease

      You are correct! And Faux has become nothing but a Wall Street Cheerleader! I gave up on Faux & Frauds as they’ve simply become too left-leaning for me to stomach anymore … and with the constant barrage of commercials?! … a complete waste of time! Stossel & Judge Napolitano are the only remaining men of integrity they have left.

      Haven’t tuned into CNN for years which has left me solely with conservative, “neo-con protected” websites. Since reading “Shadows of Power” by James Perloff years ago, it opened my eyes in detecting the wolves in sheep’s clothing that have become rampant in our society.

      • loadnup

        turned off our tv 7 years ago…. been on alternative news ever since. once I found out the nfl was a tax exempt organization the fervor for any kind of diversion like that left me. yep, we are in the last days of any kind of a stable market and the msn, faux or whoever will dance ’till the music stops… hold on to your butts…….

      • ter ber

        Mr. Perloff books have been made into a documentary this year: ShadowRing.

    • SunnyFlaSnotress

      Yes, I sold my only short term holding today anyways.
      Looks like daytrades from here.

  • cozieluv

    The final spiral is so close I smell it . . rumors of invasions from China and Russia as well as Iran’s threat to set off an EMP over the Yellowstone volcano . . people acting crazier every day as they just don’t want to understand what’s coming . .
    When it is all over . . . and the dust settles . . . there will be a precious few of us left . . .

    • fwalker15

      You precious few are failures in the sugar coated world with the lights on and every resource imaginable to help achieve success yet that didn’t happen the probability of that changing for the positive without such resources is ridiculous. Thanks for the laughs though.

  • Rufus T Firefly

    First time ever the market has gone down! The tin foil brigade is quaking in their bomb shelters. The Visigoths are at the gates! The Dark Ages are upon us! It’s all the fault of that pool table in River City!

    I haven’t laughed so hard since the first time I saw Animal House.

  • Thomas Dahl

    Michael, what are you expecting in 2016? Meaning, what things do you see occurring that, at this time, others cannot conceive?

    • fwalker15

      Better luck asking your Ouija board

  • James

    No other indicators have changed.
    NBER has not declared recession

  • G21

    The all-important S&P500 led the way down, -1.35 pts. today.
    You can thank liberal/socialist Democrat policies for the $$$Hundreds of Billions$$$ being lost.

    • G21

      Make that -1.35%, not points.

  • Douglas M. Green

    I am not the biggest fan of Graham Summers, particularly on timing. But he emphasized a point that needs emphasizing. China’s central bank couldn’t contain its collapse even with big interventions. The St. Louis fed admitted last week that QE didn’t work. So, he asks, what happens when the fed announces another round of QE and the markets FALL? Trust in central banks will have evaporated and it’s game over, dollar worthless, bid goes to real goods.

    • G21

      The liberal/socialist Central Bank has much to answer for.

    • alan

      I think it did work and certain people got rich off of it. Just like this time, same thing different day. We’ll get QE’ed again and the markets will go up and Mr. Yellen will get a parade for saving the world. Just watch!

  • gfmucci

    The dead cat couldn’t even bounce the whole day!

  • Mondobeyondo

    Surf’s up, dudes and dudettes!

    If you believe the traditional stock market strategy of “buy low, sell high”, you might be tempted about now to grab your financial surfboard and catch a wave. You know, put some more money into that mutual fund. But be warned – there are always riptides out there, ready to take you and your 401(k) far out to sea. Just be careful.

  • chris

    Well we all knew it had to go into a major fall soon. Dow started off ‘recovering’ but has absolutely dropped like a rock towards the end into negative territory. Maybe the PPT didn’t have enough people to man the pumps today or the water came in too fast for them to keep it floating along.

  • G21

    The worst part of this crash is that this may not even be the Black Horse!

    • fwalker15

      Crash is defined as 30% this decline of 10% is known as a correction and is long overdue and very healthy you have no clue what you’re even typing get an education you won’t be fooled so easily going forward

      • G21

        Study your 3rd grade punctuation, dude!

        • fwalker15

          Meanwhile the content of your comment is ludicrous yet you try and deflect regarding punctuation roflmmfaooo

  • Guest

    This afternoon, while I was at work, I said to a coworker “I wonder what the stock market is doing.” He looked at his phone and told me the DJIA was up over 300 points. I just got home and I see that the Dow closed down over 200 points!

    Anyone find it interesting that the Dow closed at 15,666?

    • DW

      Interesting! lol! I was thinking it would go down 666. Maybe tomorrow….

      • Matt M

        666? Maybe the S&P but probably not the Dow. If the Dow goes down to 666, it means we’re probably in the middle of an economic collapse and a nuclear war at the same time…

        • DW

          nooooo….drop 666 points.

  • Guest

    Michael,

    You got ahead of yourself with this article. :-) I bet you didn’t expect U.S. stock markets to finish in the red today, eh?

    • fwalker15

      He has no clue he can only guess the article is childish and proves lack of knowledge and experience

  • G21

    So after another fiasco today, the question becomes, “What will the China markets do tonight?”

    • fwalker15

      What fiasco yesterdays lows were not violated you have no clue how markets function get real

      • G21

        I seem to have acquired a stalker girlfriend.

        • fwalker15

          Just debunking your foolishness

          • G21

            Are you going to follow me around and “debunk” every post I make now? Are you really that desperate?

          • fwalker15

            I enjoy the comedy fools like you provide without your kind who would buy at the highs and sell at the lows

  • Alwaystomorrow

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

    Published 6/25/2015.

    129 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.

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

    • Guest

      You’re seeing it right now, moron.

      • fwalker15

        Markets likely regain traction here until end of sept after 3rd qtr funds report then exit. This correction is very healthy sign for markets so far I wouldn’t let fools trick you down here

      • loadnup

        ah, yep on both counts…. seeing it right now and him being a moron for not knowing it. ignore it.

    • guest

      Can’t wait until you’re crying like the pensioners in Greece. Maybe your meals then will consist of scraping grease from a trash can. It’s happening now, in real time, and you continue with the dribble drabble.

    • Scott

      Enjoy your personal countdown, which by the way no one acknowledges or is the least bit interested in.

      • Alwaystomorrow

        Thanks for responding to something you do not acknowledge and are not interested in.

        • Randall Trout

          I have learned to appreciate the countdown, almost as much as your snarky rebuttals to the haters.

    • leebo

      Love it

  • david oliviart

    I check to see how the Asain markets do around 10pm eastern time. It was way down yesterday I think at 7%. I wasn’t surprised at the buying with the Dow but I was hoping it would stay up at least gain some back. I had a sinking feeling in my stomach the way it went up and down. I figured this would be the result….shaved off another 240 points. Obviously insiders are trying to hold this market up. 1300 insiders stepped forward and bought on the S&P but 2100 sold. Wonder how bad this would be if they hadn’t bought?

    • fwalker15

      Where did you get that 1300 insiders vs 2100 insiders nonsense from? You even know what insider means as defined by FSL?

      • david oliviart

        Coming in to the sell off..For the month of August. Bloomberg article out today, insider( buyer vs seller) highest ratio since 2011….A total of 1,341 officers and directors of American companies purchased their own stock this month while 2,013 sold, according to data compiled by Washington Service and Bloomberg. The ratio of buyers to sellers is poised to reach the highest level since 2011 after more than doubling since April. Interesting article.

  • K

    My friends, today should have been an up day. But in spite of obvious manipulation. It could not hold. Slightly more than 266 down. I truly hope, you are ready, or quickly getting there.

    • G21

      Ready!

    • fwalker15

      Ready for what?

      • K

        I suspect you are just here to distract. But if that is a honest question. Research some of the previous posts. They will answer your question.

    • afchief

      Wednesday is the up day. Watch!

      • DW

        So far you are correct! Was up 300+…my bet is it will end down 666.

  • chris

    Looks like the US strategy of getting Saudi Arabia to oversupply oil in order to crush Russia is backfiring badly.
    WW3 is getting closer it appears. And to think they gave Obama the Nobel Peace Prize…………..

    • Itanimullikcuf

      Hitler was also nominated for Peace Nobel Prize.

      • Kent Harris

        He and Mussolini made the cover of Time magazine. Funny liberals love dictators.

        • Gay Veteran

          uh, you do realize that important people made the cover of Time? I’m sure even Reagan made it

  • goldassayer93555

    Michael
    One point you have wrong. Black Swan events occur at the end of market crashes they never start the crash.
    Just look at 9/11. The stock market declined from early 2000 to september 2002 before the 9/11 event occured. the decline ended 10 days later with a new bull market.

    This sequence of first the market delcine then the black swan event happens many times throughout history. you can look at the attack on Pearl Harbor and see the same pattern.

    Sincerely

    • fwalker15

      Early 2000? You realize DJIA made an all time high in the 4th quarter of 2000? Get a clue.

      • goldassayer93555

        fwalker15
        respond to my point. Did the black swan event occur at the end of a long decline or not?

        sincerey

        • fwalker15

          I did in the next reply there vvv :)

      • fwalker15

        You may be trying to say that crashes do not begin from highs. What generally happens is momentum (as quantified on percentage basis on weekly closing prices breaks- which has happened since may) key indices correct (10% decline – in progress) markets attempt to regain traction and if unable then may decline further – crash defined as 30% could possibly happen if indices are unable to put together three consecutive accumulation (up) days then this may only be 1/2 the leg down. Lot of positives come in play fresh inflows at beginning of sept 3rd qtr reporting end of sept for mutual funds. Funds fiscal year ends in sept so they may have anticipated the weakness of 2 weeks ago historic outflows and cut back exposure so they can reenter after 30 days avoid wash sale rule and be positioned for end of qtr window dressing. Also rumor is China recently unloaded $250-500 billion treasury bonds “they” may have been buyer if last resort put pressure in equities /stocks to push fund mgrs closer in the risk curve into treasuries on flight to quality notion then when thyre flat they’ll be back to bus as usual lot of dynamics at work today’s end of day reversal is classic signal that bulls still not in control but risk reward ratio may not be as negative at 16,500 as it was at 18,400

  • Dabron from Vancouver

    I don’t know about the rest of you, but I took advantage of using the stock market in my favour by using 3 x leveraged BEAR ETFS such as YANG +59% and FAZ +37% in the last month. My purchase last month was all based on the information from this blog. (Just wished that I had more money into the pot earlier…) Thank you michael!

    • fwalker15

      Might want to take a peak at UVXY if you’re bearish maybe it sees 30s before the next moonshot you can research volatility smile too :)

  • Well, me and my papy gonna

    pick a bale of cotton,

    me and my papy gonna pick a bale a day.

    Me and my papy gonna

    pick a bale of cotton,

    me and my papy gonna pick a bale a day.

    Hey, Lordie pick a bale of cotton,

    hey, Lordie pick a bale a day.

    Hey, Lordie pick a bale of cotton,

    hey, Lordie pick a bale a day.

  • fwalker15

    Might want to look at TMV moves 3x inverse of the treasury bonds when fear hits many move closer in the risk curve (thinking that’s risk off – flight to quality) interest rates at historic lows and globally about 500 year lows these low rates and potential liquidity trap very likely may “normalize” either by policy change or maybe market forces. A bullish and bearish proxy TMV and SBND jmho cause I never give legal tax or economic or investment advice or services whatsoever I’m just here for the comedy :)

    • Alwaystomorrow

      If it is comedy you are looking for, put some money in the parking meter and stay for a while.

      • fwalker15

        How much does that cost? :)

        • Alwaystomorrow

          Based on net worth.

  • David

    I want to warn people of a possible earthquake coming to the new madrid fault line soon. I and several others I know have had dreams of this over the past week. I’m not here to debate, just to warn and ask that you draw as close to Jesus as you can and if you don’t know him cry to him to come in to your life and save you. I pray that we are wrong, however I do not think we are, so please heed my warning.

    • fwalker15

      Roflmmfaooooooooo!!!!!!!!!!

  • Unfortunately Michael is NOT making these facts & figures up. Me and a lot of others WISH he was delusional, or just plain old fashioned lying. But the truth hurts and is rarely pretty. The truth be known our situation is probably 10 times worse off. (Remember they keep secrets, they don’t want you t know the truth, THEY LIE) And they will keep beating this dead horse until he turns to bones. Tell a lie often enough people will believe it. You have reporters, professional people, PhD’s, insiders, the friendly doctor type, the school teacher and the little old lady down the street, BUT they ALL have an agenda, it’s called money. For money they will tell you the sky is pink and NOW is the time to invest in some stocks. I think NOW is the time to invest in some FOOD, WATER, WATER FILTERS, SURVIVAL SUPPLIES etc. At this point forget gold, buy FOOD, FOOD, FOOD and lots of it… Cause your gonna need it……

    • fwalker15

      You’re not your. All that geopolitical and economic expertise with grade school grammar proficiency? Whodathunkedit.

      • grumpyhillbilly

        Auto correct is nobodies friend. Water is never a bad thing to have on hand. You can’t go wrong on food either. Just check out the farm reports, and the weekly downgrade of forecasts in virtually every age sector.

  • grumpyhillbilly

    So China is lowering their interest rates? It still amazes me all the geniuses in the world can’t figure out that people have to have income, not debt, to buy the stuff their selling. It seems like the whole cheap labor quest has deflated income for many. So if deflation were to hit service and end product, would it be a bad thing in the long run?

    • fwalker15

      With quadrillions in overhead debt and pressure on the banks from energy sector miscalculations and policymakers willing to go to any lengths to “save” those sectors an unprecedented systematic risk event may not be a positive catalyst. If you’ve got the answer forward your résumé to 1600 Penn ave ASAP :)

  • justme

    The fat lady just took out a roll of throat lozenges and popped one.

  • I had dream several months ago.
    I dreamed I was in a ice cold house and the family was huddled together in the middle of the living room floor. They had small children between the parents and they were covered by several blankets almost in a T-pee fashion to help keep the children warm. The parents were looking out their living room window and quietly sobbing as they watched gangs of young men carrying clubs, chains, baseball bats etc. running from house to house. You could hear screams, blood curdling screams from inside the houses where the young men went and then it was silent. Then you could see the young men run to the next house and the same scenario was repeated over and over.
    I think this is what is coming to America

    • RedPillPlease

      clubs, chains, baseball bats”??? Perhaps you are unaware of the 80+ million law-abiding citizens in this country who are armed … and some to the teeth. Fortunately for me, I live in a rural area out west with like-minded neighbors and 2 firing ranges within walking distance.

      Should you read any study on violent crime, what the criminal fears most is an armed household, where in my area, crime is non-existant!

  • Harbinger

    The stock market is very closely regulated by the Fed. If it drops 7% in a given day, trading will be suspended. All that will do is create speculation and panic. If it was truly a free market then the Fed would let it play out. The problem is that the stock market is a living, breathing, entity that must be fed by investors. Hopefully the general public will wake up and realize that both the Fed and the media are massaging them in order to get them to invest, for without investors the market cannot be sustained. Personally, I cashed in my 401k last year and don’t have any money in the market. People who think the market will rebound, are only kidding themselves.

    • Marco

      It’s actually regulated by the SEC.

      • Harbinger

        Regulated and manipulated might as well be synonyms. The Sec is only inacting decisions made by the Fed. The Fed is the puppet master! The lines of separation have been blurred to the point that neither the puppet or the puppet master knows exactly who is pulling the strings. Only 3% of the Internet is used by the public. The other 97% is used by shadow government. Yes, I know that sounds crazy: however, the truth in any context whether you believe it or not is still the truth!

        • fwalker15

          You mean enacted? It all does look crazy is correct because it is. Maybe try and look for some quality holdings just as a hedge in case your hunches are wrong and the civilized world does survive. Maybe just in case.

          • Harbinger

            I wish I was wrong, because being right isn’t going to help anyone. Personally when the stock market crashes it will have little effect on me. I used to drink the company cool aid and work for the Federal Government. Lucky I woke up two years ago and have been able to plan accordingly for what is coming.

      • fwalker15

        Reality is frb regulates credit and sec regulates securities, investment professionals and exchanges CFTC regulates others as well as do states and other agencies

    • Liberty First

      It will, 5-10 years down the road, at least.

      • Harbinger

        Unfortunately yor time table is skewed. We literally have months not years!

        • I agree with you – 5-10 years looks very long to me considering the overall situation

  • Marco

    Michael must’ve written this article before the end of the trading day otherwise I’m sure he would have mentioned the big drop at the end of the trading day, as well as the price the Dow closed at (15,666.44) an omen both for Christians (666) and Chinese (4 is a bad luck symbol in China).

  • Steve Lukas

    To: FWalkerInHell, ( fwalker15 )

    May the Lord have mercy on your spiritually blind soul and wake you in time to prepare for the beginning of the worst 7 years on earth of man’s history.
    You are great at tearing down and casting insults just like your Father
    who is condemned to the fiery pit for all eternity.

    I pray your eyes are opened to the truth of the Lord’s impending

    judgement on America….

    • fwalker15

      Spare me your foolishness and voodoo nonsense. Pray for some guidance and wisdom for yourself if anything as you’re obviously a failure and a fool to date.

    • Don’t bother Steve, he is a troll… as you can see he deleted nearly all his comments here :-)

    • anona

      There is no fiery pit. Just ask god when he decided to play whose is bigger with the devil and inflicted some serious pain on job (oh wait it was the devil with gods permission of course). If that story does not bother you then you lack critical thinking skills.

    • GSOB

      The ‘great tribulation’ has already been fulfilled.
      It’s judgment with
      no ‘e’

      • Steve Lukas

        You keep believing that troll……

        May the Lord of great mercy open your spiritually blind eyes….

        • GSOB

          You DON’T even understand. You have been indoctrinated with error
          by sitting under a teacher who espouses “dispensational eschatology”.
          No wonder you are so disorientated to context and application.
          You think it’s all about the you, the US and that ‘we’ are the intended recipients to whom it was given…., the terminal generation, as it were.
          You don’t know what you profess to know. You are just repeating error.

  • Steve Lukas

    U.S. Credit Traders Send Warning Signal to Rest of World Markets

    August 14, 2015 — 10:22 AM EDT

    Credit traders have an uncanny
    knack for sounding alarm bells well before stocks realize there’s a
    problem. This time may be no different.

    Investors yanked $1.1 billion from U.S. investment-grade bond funds
    last week, the biggest withdrawal since 2013, according to data compiled
    by Wells Fargo & Co. Dollar-denominated company bonds of all
    ratings have lost 2.3 percent since the end of January, even as the
    Standard & Poor’s 500 index gained 5.7 percent.

    “Credit is the warning signal that everyone’s been looking for,” said
    Jim Bianco, founder of Bianco Research LLC in Chicago. “That is
    something that’s been a very good leading indicator for the past 15
    years.”

    Bond buyers are less interested in piling into notes that yield a
    historically low 3.4 percent at a time when companies are increasingly using the proceeds for acquisitions, share buybacks and dividend payments. Also, the Federal Reserve is moving to raise interest rates for the first time since 2006, possibly as soon as next month, ending anera of unprecedented easy-money policies that have suppressed borrowing costs.

    ‘Unusual’ Conditions

    All of this has corporate-bond investors
    concerned enough that they’re demanding 1.64 percentage points above benchmark government rates to own investment-grade notes, the highest since July 2013, Bank of America Merrill Lynch index data show.

    That’s also the biggest premium relative to a measure of equity
    volatility since March 6, 2008, 10 days before Bear Stearns Cos. was
    forced to sell itself to JPMorgan Chase & Co., according to Bank of
    America Corp. analysts led by Hans Mikkelsen in an Aug. 13 report.

    “Unlike the credit market, the equity market well into 2008 was very
    complacent about the subprime crisis that led to a full blown financial
    crisis,” the analysts wrote. “While we are not predicting another
    financial crisis, we believe it is important to keep highlighting to
    investors across asset classes that conditions in the high grade credit market are currently very unusual.”

    So if you’re very excited about buying stocks right now, just beware
    of the credit traders out there who are sending some pretty big warning signs.

    • fwalker15

      Nothing like warning weeks after the event and panic selling at the lows

      • GetReal4U2

        I’m guessing you don’t READ this site much…Michael has been WARNING about this for years…with a RED ALERT issued for the last 6 months of 2015…as you can see…it’s happening…

      • leebo

        Walker?

  • Steve Lukas

    The previous article was dated 8/14/15……not even 2 weeks later and the crash has started….

  • Barry Goldwater

    China lowered interest rates and also cut reserve requirements for banks. I noticed the lame stream media did not explain what lowering reserve requirements actually means. It means that banks are able to keep less of the people’s money in the bank for depositors, thus they can lend it out .
    You guessed it , creating more debt for the nation and speeding up the day of zero bound when capital controls will rule the world and money that sits in a bank account will be penalized with negative rates. Yes, your account will begin shrinking because you’re accumulating cash.The Central Bankers don’t want people saving up money they do want more debt which is necessary for the life of fiat money.

    • fwalker15

      You believe that giving the banks the ability to add and create more capital at lower costs to the borrowers is a negative? In a country with a current account surplus and a trade balance surplus? Roflmao

      • Marco

        Oh look, another first year economics student lmao hahahahahaha.

        • Ah no, according to someone else writing to me yesterday on the previous article fwalker15 is an “old Wall Street Genius” – who apparently does not know much about History :-)

          Apparently he deleted a lot of his own comments here since he is facing people knowing what they are talking about… or he really is an “old Wall Street Genius” and we are all idiots (sarcasm off)

          As Greyprepper told me, rightly so – Don’t feed the troll 😉

          • fwalker15

            Get real you rookies know zero

          • aaaah the moron is back… ooops I fed the troll… sorry

        • fwalker15

          That’s not eco101 that’s banking and finance 101

          • Marco

            Never said Econ101, said first year economics, of which finance and banking are subjects.

  • givemethegasoline

    John has a long Moustache.

    • Bubba Johnson

      The longest day

      • givemethegasoline

        and red dawn

  • Dear friends who come on this blog, let us welcome fwalker15 apparently an “Old Wall Street Genius” (aka Big Troll) who apparently knows everything better than anyone else, likes to insult the intelligence of nearly all of us, and manifestly knows the truth behind the numbers, has a perfect knowledge of Economic History, and likes to give lesson to everyone here… a rand of applause for him maybe?

    In any case let us rejoice, the idiots are coming more and more… Michael you are clearly on the right track, they send you the best, the cream of Trolls

    • fwalker15

      Thank you and please remain seated :)

  • Kent Harris

    This country is going the way of the Weimer Republic by destroying our currency. The Fed will print money out to yin yang to save Wall Street and they will cause hyperinflation.

    • fwalker15

      You mean runaway inflation? Meanwhile the issue is disinflation and deflation as a result of negligible velocity of money.

    • Most of the inflation is in the financial markets not in the real economy. Of course, some of it leaks into the real economy and causes inflation. The real problem is our debt-backed money system in which banks can create money out of thin air. But they don’t create wealth, just tokens that they can use to claim wealth. It’s overall a zero-sum game, but one that is positive-sum for the banks.

      • Gay Veteran

        “Most of the inflation is in the financial markets not in the real economy….”
        really? checked out medical insurance costs recently? higher education?

        • Medical insurance is definitely a part of the financial markets, and higher education costs are a function of exploding student loans. Of course, an effect can itself become a cause of itself and exacerbate inflation.

  • bready

    I will be going to buy some water and food for a at least a few days to have on hand. Get charcoal and lighter fluid have some wood on had for heat and a wood stove matches candles a gun and ammo knives basic and some pleasure items. Just be ready cause we could go into lock down for a few days. The unimaginable, or unexpected can occur no problem. It’s common sense to be ready. plan for the best, but expect the worse. Seriously, I’m going to be somewhat ready with basics, water, food, and a warm gun.

  • Preacher62

    Just because its all collapsing does not mean that you have to collapse with it. Seek first the kingdom of God and his righteousness and whatever you need will be given to you. God provides for those who are his. God Bless.

  • Preacher62

    When your trust and hope is in money; what do you do when the money is gone? When your trust and hope is in your own preparations; what do you do when your preparations fall short? When your trust and hope is in God through Jesus Christ; he will never leave you nor forsake you. Separate yourself from the world’s system, seek first the kingdom of God and his righteousness and HE will give you what you need.

    • elizabeth

      I really like your posts, sir. Did you read mine on the CERN topic. Stay active to educate the atheist scientists, and we must stop the collider!

  • Illegal

    There needs to be public protest against QE 4. No more debt! Ms. Yellen needs to go.

  • GetReal4U2

    things will move faster than most think…get ready…September approaches quickly…

    • fwalker15

      Get ready for what?

      • Guest

        Hey, Flacidwalker, do you not have anything better to do than to be obnoxious to everyone posting? Seriously, grow up and give it a rest. It’s getting old in a hurry

        • fwalker15

          What could be better than the laughs from the end of the world cries as the markets finally present viable opportunities after years of nose bleed valuations. watching those who can not recognize opportunities or achieve any level of success in a sugar coated environment with every available resource proclaim how they will somehow begin to succeed only after a calamity that will finish off the civilized world is priceless comedy. How could anyone not ROFL watching such lunacy.

          • Bubba Johnson

            If what you say is true, how do you find the time to post here. Just saying.

  • MindMelder

    WOLVERINES

  • A Dodgy Bloke

    Watching the MSM has ben both amusing and a little irritating, I wonder do they think people are really that stupid?. If people are really that stupid then we deserve what’s going to happen. The various situations around the world have not been fixed and every member of the alternative media I read and listen to has said the same thing, the Fed is out of ammo. The Feds balance sheet is in the tens of trillions and most of what it’s carrying is garbage. China is imploding economically, socially, politically, and demographically. Gordian Chang of the Wall Street Journal is predicting China wont last until the end of the year. I don’t think the global economy will last till the end of BHO’s term.

    • fwalker15

      Media and your television have fooled you again. China runs a current account surplus and trade balance surplus their policies of integrated warfare are beyond brilliant. Won’t last until the end of the year = roflmao

    • rentslave

      Red China will soon be building Confederate flag factories in Colts Neck,NJ where the horse farms currently stand,because Trump’s sister today refused to uphold NJ’s sports betting law.

      • fwalker15

        Wasn’t that spot called due process ranch by an infamous person ?

  • Alexandros HoMegas

    Janet Yellen will save Amerika from the Doom.

  • Annette Smith

    Well, Michael….the market went up and then down again, and we watched it climb to a -200+ at the end. So, they say that this was the worst day since the crash. We were up to 600+, right? and then down to over 200 in the negative. Over an 800 point loss today. Whatever they “gained” was wiped out….yep, you were right!

  • Drgold

    Today is Aug 25! The way to look at this market is to estimate where will the DJIA be around Sep 25! 12000? Thanks Michael for your hard work and scholarship!

    • fwalker15

      17,200+ by sept 30,2015 watch and learn

  • Heinrich van Rooi

    Where is Always tomorrow in these days?

  • Lao Tzu

    Until New York and San Francisco actually look like Detroit, things are fine. This is just a buying opportunity.

  • alan

    Some people will wait for the bottom of this and jump in and make a load of money. You know QE4+ is coming real soon, we need just a little more pain from the people crying over their 401k’s before it can be unleashed. Christmas is coming too, all the people need to be happy by Christmas, otherwise no will shop and spend money. This is just kind of a human nature physiological warfare thing. Don’t worry the Fed will fix everything right up, until they can’t. This is just not that time.

  • Horiboyable .

    Its the bond markets you have to watch. Apparently they are having trouble selling any BBB grade and they are all looking for short term US TBs. Many are selling up equities and are jumping into bonds.

    • fwalker15

      You are exactly correct. A series of contrived event to “force” money closer in the risk curve so “they” can unload treasuries at premiums. Looks like its creating incredible opportunities in TMV and SBND. Not advice consult your professional for that.jmho

      • Horiboyable .

        Apparently China just dumped 100 billion 30Y Ts on the market in the last two weeks. There is definitely something going on!!

  • axinosp PAN

    Are you ready for the 7th of September ?

    • Guest of 2gary2

      Indeed I am. It’ll be another day; just like Sept 6th or the 8th will be.

  • JailBanksters

    I prefer to think of Wall St as a Resort for Cockroaches, and out back there is this Giant Wave making machine. The Cockroaches love to surf the Waves, and to see how far you can ride the wave until it dumps on you. So you jump back your Board and go looking for the next wave to catch. Until a Tsunami arrives and they are scurry like, well cockroaches. But there’s always one cockroach that has to try and take on the Tsunami.

    After the Tsunami has wiped out most of the cockroaches, there is still going the elite cockroach familes are still going to around Once again the Cockroaches will inherit the Earth.

  • Nemnor

    Please know that, stock market crash is a SYMPTOM of the decayed and decaying world-wide Capitalist economic system.

    Capitalism is now at a “dead end” and is now NO longer able to generate long-term recovery by economic means alone. The future under Capitalism is (eventually) total socioeconomic collapse/chaos and/or (world) war.

  • its coming

    The DOW jumped about 433 at the opening today. I think it will plummet by the close, causing the biggest one day swing ever. Just a hunch from all the chatter I am picking up across various boards and blogs. Not to mention, every major market on the globe is down right now and there is no reason for American markets to be up unless it is being manipulated. Anyone else got an ideas of what’s going on?

    • whattimeisit

      High frequency trading plays a major part in these quick price manipulations.

  • Steve Lukas

    To all non-believers the game is over :

    The US Plunge Protection Team is losing control of the markets, and
    Sinclair warns, “They got the dickens scared out of them. They actually
    backed off providing the funds necessary. . . . That’s your warning. The
    warning is markets can overrun plunge protection teams. Markets can and
    will overrun the manipulation of metals and currencies. The market will
    overrun the false strength in the US dollar. The idea that a lift in
    interest rates would be beneficial to the dollar is absolutely
    incorrect. We do know the limits of the Plunge Protection Team, and we
    do know the omnipotent power of the Fed is a total fallacy.”

    On gold, Sinclair says, “I didn’t call the top in gold in 1980
    because of any kind of a system. I was told, I acted on what I was
    told.”

    His sources are talking again, and Sinclair says he was told:
    “Number one, the downside on gold is extraordinarily limited here. Two,
    the rally we are facing that will come in gold is going to be
    stupendous. Three, they tell me we may never call you back because this
    may be the rally you don’t sell. This may be the rally you don’t sell
    because gold is moving from a currency form to a valuation form. . . .
    This may be the last time we call you means this is a rally that is not
    meant to be sold. What is coming up in front of us is the Great Reset
    where currencies wear their gold like ladies wear a necklace, and the
    most beautiful necklace will be the strongest currency. The ladies
    without the necklace won’t be invited to the ball. Huge changes are
    coming. The dollar is always going to be with us, and the yuan and all
    of the currencies are still going to be there. We are not going to one
    single currency. The SDR (Special Drawing Rights) is nothing more than a
    glorified index of currencies. It’s a cure to nothing. How can a
    package of junk cure the problem of junk? It can’t. The two last men
    standing will be gold and gold on steroids—silver.”

    Sinclair stands by his prediction last year of an eventual gold
    price of $50,000 per ounce. Sinclair explains, “You have to understand
    we are going into unprecedented deflation, and it’s the reaction of
    central banks around the world to the concept of deflation that brings
    about hyperinflation. . . . There will be debt monetization of all kinds
    of debt to maintain some sort of equilibrium. The price of gold is
    going to go to a level that is going to surprise everybody. I was told
    that this is a rally that you won’t sell. That means gold will go to a
    level and not react violently down from that level. . . . This is when
    gold is going to levels that today are considered more mental illness
    than monetary analysis. Silver is best understood as gold on steroids
    because whatever potential and direction is taken up by gold, silver
    will be multiplied by 2 or by 5. . . .Silver will outperform gold.”

  • Steve Lukas

    Roller coaster will crash…….panic will set in and selling will overtake
    all emotions….

    When planning to write this piece on Tuesday, the Dow was up 250 points or so
    with 45 minutes of trading left. The anticipated bounce (if China cut
    rates) arrived this morning with a 442 point upward thrust. This on a
    report card could be categorized as a “C-” or even a “D+”, very poor in
    my estimation. As I sat down to write the Dow was up 24 points and
    turned negative before I wrote the first word! This is HORRIBLE ACTION
    and outright scary if you are a Bull! The PPT (plunge protection team)
    got their butts kicked for the third or fourth day running. To let the
    market give up 500 points in just one hour shows their weakness or lack
    of capitalization. Many will look at today’s close and say “UH OH”!

    What will this mean for tomorrow? We first have to see what
    happens tonight in the Asian markets and in particular China …which I
    suspect the big money brokers have already done. Somehow, my guess is
    they already sense a rout in Asia and this is the reason for the abrupt
    turnaround to front run another big dump tomorrow. The bounce was weak,
    it turned negative and closed at the worst levels of the day …NOT
    exactly that warm fuzzy feeling! “Look out below” seems to now be a
    continuing theme.

    To reiterate what I’ve written over the last few days, this is
    all about the Great Credit Unwinding. It is my belief the players are
    beginning to sense this. Lower rates did nothing to fix Japan’s economy
    for 25 years, it has done less than nothing in aiding the U.S. economy
    for the last 8 years …why will it do anything for China? So far China
    has used versions of the Western playbook to thwart the rout. They have
    outlawed short selling, made it illegal for many institutions to sell
    and the PBOC has overtly come in to support the markets… to no avail!

    This is really scary folks, even the most bearish expected a
    better bounce than we got today. What happens tomorrow if Asia/China get
    no bounce at all? The Fed has no room to lower rates, neither does the
    ECB. To be a central bank(er) and to get no “respect” from the markets
    is the most terrifying event one could think of.

    Digging deeper, what do you suppose has happened over the last
    few days in the derivatives arena? There have been HUGE gains and losses
    in the $trillions or even $10′s of trillions! Notice I wrote “gains and
    losses”? How would you like to be an institution with a losing position
    of some sort …hedged so there would be no loss …only to find out your
    counterparty cannot pay? Do you suppose this might have already
    happened? I can almost guarantee it already has and in many different
    markets, we just haven’t heard about it nor “who” died. In reality, it
    doesn’t matter “who died”. Just as someone drowning hangs on to their
    rescuer, the derivatives chain is connected from start to finish and
    loops back where the “start connects with the end”. In other words, when
    losers cannot pay, the gleeful winners get the bad news they are also
    losers. If one drowns, they all drown!

    I also mentioned yesterday it would be good to monitor interest
    rates. The 10 year yield was as low as 1.9% yesterday and as high as
    2.13% today. I believe the panic number will be 2.4%. Should this yield
    level give way (and you will hear it spun as “good” on CNBC), it will
    signal major central bank selling (led by China) overwhelming the Fed’s
    ability to sop up the selling. Time will tell but this is something I
    will continue to monitor.

    The overleveraged world is experiencing deflation. “Beggar thy
    neighbor” by central banks to increase trade at the expense of other
    nations is the game. The “game” by the way is a static or shrinking
    (global GDP)! This is a no win strategy on a global basis because
    someone has to lose …and then you have the same scenario as in
    derivatives. Sovereign nations will default! The point is this, “losses”
    which have been hidden so far will need to be booked and realized.
    There are NO BALANCE SHEETS left, strong enough to absorb the losses!
    The Fed commencing another round of QE is now a lock. Outright
    monetization will be sniffed out and the current outsized demand for
    gold and silver may double or more …just as inventories and vaults in
    the West are running out.

    Lastly let’s look at the dollar. Commodities including oil are
    being sold …for dollars. Demand for product is down and so is “price”.
    The petro dollar cannot function with 60% haircuts in dollar usage. This
    acts to also lessen velocity of dollars. A very bad combination for any
    Ponzi scheme, less demand and lower velocity. The previous “good”
    leverage reverses and comes down on itself. In this instance, the
    world’s reserve currency loses acceptance for the very reason “safety
    capital” should flock to it, deflation! Can you see this? The dollar
    cannot survive with deflation because not enough new money comes in to
    prop it up. The dollar MUST have inflation, without it, it dies. Today’s
    dollar is not the 1930′s dollar, pegged to gold that was deflation
    proof. The foundation then was gold. Today the dollar’s foundation is
    nothing more than debt, TOO MUCH DEBT! In fact, dollars are only
    promises …to pay you more dollars! The perfect financial storm? Yes.
    There is still time (probably very little) to get your affairs and
    positions in order. I pray anyone reading this does so!

    • GSOB

      There is always a risk to be taken when investing in the stock market.

  • whattimeisit

    To quote a recent article on Bloomberg: “U.S. debt stands at 74 percent of gross domestic product, compared with 35 percent in 2007, based on a Congressional Budget Office report released Tuesday. That burden is expected to grow further in coming years, limiting government options for additional fiscal stimulus in the form of spending or lower taxes.”

    There you have it. We have a rose colored economy on the surface. Underneath…it’s not so rosy.

  • Antonio

    Hello to everybody, what other blogs do you follow to keep really updated on economic news. Thanks

    • Zerohedge (dot) com
      Shadowstats (dot) com
      Dollarcollapse (dot) com

      but, I also overview some of the main one to have an idea of where we are at…like
      Wall Street Journal
      Bloomberg
      Financial Times
      Fortune

      Then you compile and make your own opinion

      • Antonio

        Thank you Joel for your quick reply.

  • democrat optimist

    The Dow is up almost 600 points today…the system is fine. The economy is still recovering and there will be no collapse.

    I want to see a blog called The Economic Boom, because that’s a better description of what’s about to happen.

    • G21

      Then you should immediately put everything you have into the stock market.

      • democrat optimist

        I am. Everyone I know has it on good authority that the correction is over and we’ll be seeing 18,000 by this time next week.

    • Itanimullikcuf

      Start dancing and singing kumbaya.

  • fwalker15

    Great call on that crash. Nothing like calling for a crash after the 15% decline then watch djia spike up 5%+ just after the article. Brilliantly whipsawed and scared readers away from an opportunity that was two years plus overdue. Well done… Not

  • Optimist

    The Dow is up over 600 today. The correction is over. The time to get in is NOW because we’ll be seeing 18,000 again very soon.

    • fwalker15

      I wouldn’t expect 18k soon maybe next year when they swap out component companies and modify the divisor :)

    • goldminer

      Bhhh Haaa Haaa Haaa 18000? Bahhh hha hha ahh

      The stock market is just a symptom of the credit bubble popping. It has taken the PPTs a whole week to make a measly 600 point jump in a market that has fallen almost 3000 points off its high last may. It should have turned around long ago. The Bear is ravaging markets all over the world.

      Problem is nobody has any money to put in the stock market to manipulate it. The Banksters are way over leveraged in debt. You know(derivatives, Bad loans, like student loans, failed mortgages, Countries like Greece that cant pay up ect and ect)… and soon the auto loan fail. , There is no liquidity !!!!!!! The Banksters have no money to spend to prop up the market!
      Wake up and smell the S$it.
      You have a very short time to get ready for what is coming down the pipe. If not prepared you will have a lot of nasty stuff all over your face.
      Hi s#it face. :)

  • alan

    Up 619 points today…well even Rome had good days, the trend will always be down.

  • whattimeisit

    As soon as a key Fed official announced that there might not be an interest rate rise on the horizon the market rallied. Let’s just wait and see what happens.

  • Heinrich van Rooi

    Michael has inspired me a lot since 2009. A also done my own research.. This recent crisis is no different than before only that there will it be a lot worst than previous crisises. I have already said a month ago the US Markets are weeks if not days from a decline to a crash… …You can read some of my stuff on my Disqus acc… The months September through to December will be high volatily months ..and more carnage is set to unfold…

    • fwalker15

      The strongest up day in OVER FIVE YEARS and neither you nor the guru obviously did not see it coming and also forecast declining days sometime in the future. Brilliant!! Very skillful!!!

  • Paul Hamm

    Us crazy preppers have been warning people for 6 years this was coming. Only to be laughed at and called loony. But I forgive that and mark it off to “blissfully ignorant syndrome”.
    Please folk…please, the American will is strong. Just be prepared. Store enough food for two weeks, have gas on hand, make sure you have the resources to protect your loved ones, and water…lots of water. Keep some junk silver on hand if possible ( 1964 and older US quarters, dimes, half dollars, and silver dollars. Buy them on EBay or a coin store ). And if nothing comes of it, we can all laugh and you can call us crazy preppers and loony again. But think about it. What can it hurt to be prepared? God bless, and make luck.

    • fwalker15

      Maybe look at some shares in quality companies or indicies while they’re on sale ? Just in case civilization does survive ? Worst case you can use them for toilet tissue in your bunker?

  • Itanimullikcuf

    Another Wall St employer?

  • landofaahs CIAmAPatriot2

    The PBOC has gone full retard. They have gone even further than our inane FED. But the higher they soar the harder they fall. All governments must go bust before the New World Global Order can be established. This is all so obvious because nobody with a brain could really see what is going on now as a good thing unless they want a collapse.

  • Saltherring

    That seems to be the latest Cathlo-Pagan ploy, to claim they are all-knowing while true, Bible-believing Christians are illiterate.

    • M.

      You lot are not necessarily illiterate but rather wilfully ignorant. Can you tell us for instance who St. Ignatius of Antioch was, when he lived and how he died, and what he believed in regard to the Real Presence?
      Here’s another one for you; who excised several books from the Holy Scriptures you prots supposedly “believe” in so much from his “translation” of the Bible, and wanted to eliminate the Epistle of St. James as well (which is included in your prot versions in case you didn’t know) because it quite clearly refuted his new doctrine? As a hint I’ll tell you it wasn’t a Catholic but one of your greatest heroes.
      If you are unable to answer these queries you had better go back and actually learn something before writing anything else.

      • Saltherring

        I can tell you that Jesus was executed on a cross to pay the price for my sins. After burial, God raised Him from the dead. As a result of this and my repentance He is now my my Savior, ensuring I will spend eternity with Him in heaven. I do not need to know any dead saints, popes, priests, pray to Mary or spend time in some fairy tale place called purgatory. I know all this because the Bible tells me that it is so. Do you know Jesus as your personal Savior?

        • M.

          You claim you’re a Christian and yet you don’t know that the early Church, being Catholic did teach all the doctrines you’ve disparaged. You claim to believe in Jesus Christ and what He taught. Well you don’t really. The dead Saint as you mock him, St. Ignatius knew St. Polycarp, another dead Saint, he died rather than renounce Christ, but what is that compared to an exalted personage such as yourself, right? I digress, St. Polycarp the Martyr knew St. John the Evangelist who wrote the Gospel of St. John, and who was one of the Apostles who knew Christ Himself.
          St. Ignatius therefore was thoroughly instructed in those doctrines taught by Christ, and he wrote of the Real Presence of Christ in the Most Holy Sacrament. He wrote of the Mass, not a prot service. The Bible tells you none of the pernicious errors you have written. The Bible contradicts the vain presumption of the novel doctrine that one can be absolutely certain of salvation in this life. Look up Ezekiel 18:24 and Philippians 2:12. Why was there a pope from the beginning if Christ did not will that it be so? Why did the Holy Ghost inspire the Most Holy Mother of God to say “all generations shall call me blessed” Gospel of St. Luke 1:48, if no honour were to be paid to Her.
          The doctrine of Purgatory is taught in the second book of Maccabees which you prots dared to remove from the ancient Canon. The Bible was copied by Catholic monks for centuries, how can you be sure that the horrible “pagan” Catholic Church didn’t introduce all kinds of things that hadn’t been there before? Why do you even believe in the Divinity of Christ? That is a papist doctrine as well, how illogical can you be? According to you prots the Church is a hideous monstrous organization that you would dearly like to see disappear from the face of the earth, yet at the same time you believe doctrines that originated from it? You ought to take some classes in Aristotelian logic and learn to think straight.

          • Saltherring

            Who are you to tell anyone they don’t know Christ?…you and your pagan catholicism. Go lecture someone else. Catholicism held people in bondage for centuries, a time known as the Dark Ages. Only with the development of the Gutenberg printing press and through the courage of Martin Luther and others was the Word of God made available to the masses, who then learned they did not have to purchase absolution from some gold-endowed “priest” but could “boldly approach the throne of Grace”, and by the completed work of Christ on the cross, through repentance, receive the free gift of salvation.

          • M.

            Absolution pertains to the Sacrament of Confession. It is forbidden to give a priest money in the confessional, payment has never been demanded to go to confession and attempting to pay for Absolution would be a mortal sin. At least learn something about that which you so earnestly desire to attack. You probably were thinking of Indulgences.
            Gutenberg, if you didn’t know was himself Catholic and the first book ever printed was the Vulgate, St. Jerome’s translation of the Scriptures into Latin. If the Church was a tyrannical oligarchy as you describe, the printing press would never have been allowed. I suppose you approve of cutting out parts of the Bible that don’t suit you, he wanted to get rid of the Epistle of St. James, but was finally persuaded not to do so by Melanchthon if I remember right.
            I hope you don’t oppose polygamy, because Luther didn’t. He told the Landgrave of Hesse that having two wives at once was perfectly all right. Luther first stirred up the peasants and made as if he would support them were they to rise against the German nobles, then when they did he turned on them like the snake he was and exhorted the nobles to slaughter them without mercy which they gleefully did. I suppose it’s only natural, peasants after all didn’t have money and comfortable castles for Luther to reside in, nobles however did. Luther the moral exemplar ha ha ha!

          • Saltherring

            One day even your knee will bow and your tongue will confess that Jesus Christ is Lord. May He have mercy on your soul.

  • Linda

    If all of you who are using crude language and causing strife and into foolish arguing and condemning are doing this when The Messiah returns…you all will be left behind. Leave this and go cling to Our Lord. Read your Bible. Study it. Soak in the Holy Spirit. Walk a holy life. Praise Him. LOVE Him. Our country…our world is about to completely change. It is more than just the stock market. So much more. Our world as we have known it is almost over. Is this really how you want to spend your final days on earth? Repent and turn away from wickedness and pray. Love your families and friends and neighbors. Prepare. It’s time♡

  • Charles Jackson

    The crash was actually in October 2007, it did not occur in 2008 or 2009. Historically, the dow has continued to grow over the long run economic scale. The news short term or long term does not necessarily affect stock prices is general. This is considered more of a market noise factor. The great increases in the Dow in those time periods usually reflect some positive event that hinted toward the return of market normalcy. Jobs numbers, imports, exports, GDP, and other events the affect the market positively. I think it is possible the market can go up or down over time. The market is high, very high. This plateau could decrease or be maintained. I do not watch financials shows on CNN or CNBC for thy very reason. It is just white noise, pointless chatter. I do not think media in this sense is owned as much as perceived. I think his point is this redundant analysis was wrong a few days ago, so now he decides to be less predictive, and states it will happen sometime, instead of a certain time. This way his generally appears more correct than just to admit he is wrong. The Dow is an index, it does not reflect the entire economic view. Home sales are up 27% over last year, banks are more stable, and such which creates a more plausible correction than a crash. The economic indicators are getting stronger which causes the fed to raise interest rates to prevent inflation. This bad inflation occurred in the seventies, and it caused lots of financial headaches. I do not believe this guy personally. I am not sure if the market will continue up or down. The part about a war, or other things that could cause a crash seems a little to simplified. It is common knowledge that every event can affect the markets both US and abroad. I think by using his technique in a religious sense to tempt people in to believing something that may not be necessarily true is wrong. Most people do not know much about stocks and finance, so they fall for things that are more trickery than truth. If I was 63 or older or close to retirement, I would be more cautious. We have a thirty year time horizon for our investments to mature, which the duration of that investment is very important for growth. I have not moved a dime out of the market, and I probably will not. If the market does “truly” crash, it is a good time to invest. Buying MasterCard for $1.60 is a god investment if one can sell it for $92 a share. I just want to make an investment point of view. If the market loses some money, I am still up enough to hold for a while. When my risk tolerance is reached, I will sell just like everyone else. Money is a tool, it is not that important to me. I want to be comfortable, safe, and healthily. If I live comfortably I am happy. I don’t need a ten million dollar house of a Bentley.

  • Charles Jackson

    The crash was actually in October 2007, it did not occur in 2008 or 2009. Historically, the dow has continued to grow over the long run economic scale. The news short term or long term does not necessarily affect stock prices is general. This is considered more of a market noise factor. The great increases in the Dow in those time periods usually reflected some positive event that hinted toward the return of market normalcy. Jobs numbers, imports, exports, GDP, and other events the affect the market positively. I think it is possible the market can go up or down over time. The market is high, very high. This plateau could decrease or be maintained. I do not watch financials shows on CNN or CNBC for thy very reason. It is just white noise, pointless chatter. I do not think media in this sense is owned as much as perceived. I think his point is this redundant analysis was wrong a few days ago, so now he decides to be less predictive, and states it will happen sometime, instead of a certain time. This way he generally appears more correct than just to admit he is wrong. The Dow is an index, it does not reflect the entire economic view. Home sales are up 27% over last year, banks are more stable, and such which creates a more plausible correction than a crash. The economic indicators are getting stronger which causes the fed to raise interest rates to prevent inflation. This bad inflation occurred in the seventies, and it caused lots of financial headaches. I do not believe this guy personally. I am not sure if the market will continue up or down. The part about a war, or other things that could cause a crash seems a little too simplified. It is common knowledge that every event can affect the markets both US and abroad. I think by using his technique in a religious sense to tempt people in to believing something that may not be necessarily true is wrong. Most people do not know much about stocks and finance, so they fall for things that are more trickery than truth. If I was 63 or older or close to retirement, I would be more cautious. We have a thirty year time horizon for our investments to mature, which the duration of that investment is very important for growth. I have not moved a dime out of the market, and I probably will not. If the market does “truly” crash, it is a good time to invest. Buying MasterCard for $1.60 is a good investment if one can sell it for $92 a share. I just want to make an investment point of view. If the market loses some money, I am still up enough to hold for a while. When my risk tolerance is reached, I will sell just like everyone else. Money is a tool, it is not that important to me. I want to be comfortable, safe, and healthy. If I live comfortably I am happy. I do not need a ten million dollar house of a Bentley.

  • BDT

    You are all looney Toons!

  • 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…time is very short…

  • Cheryl Dau

    I missed out on the Christian who is speaking the truth in love. In fact I’m not sure there was much truth spoken at all.

    Ephesians 4:14 As a result, we are no longer to be children, tossed here and there by waves and carried about by every wind of doctrine, by the trickery of men, by craftiness in deceitful scheming; 15 but speaking the truth in love, we are to grow up in all aspects into Him who is the head, even Christ, 16 from whom the whole body, being fitted and held together by what every joint supplies, according to the proper working of each individual part, causes the growth of the body for the building up of itself in love.

    In 1 Corinthians 13 Paul describes was love is and what it isn’t. Then he finishes up with this comment.

    11 When I was a child, I used to speak like a child, think like a child, reason like a child; when I became a man, I did away with childish things. 12 For now we see in a mirror dimly, but then face to face; now I know in part, but then I will know fully just as I also have been fully known. 13 But now faith, hope, love, abide these three; but the greatest of these is love.

    God wants His “children” to grow up into Godly men who rarely speak but when they do it is with wisdom from God.

  • Dave Imboden

    just look at who God is using today to fulfill the Great Commission. The Roman Catholic Church has long ago given up reaching every tribe, language and ethnic group on earth. Evangelical Christianity is solely in pursuit of translating scripture into every language and providing discipling resources for every people. And the time is very short for Rome to try to catch up, and no indication of even attempting to do so.

    • M.

      This is because of the false “ecumenism” that has been foisted on the Church at large by certain Churchmen. They will have to account for the souls lost due to their refusal to obey Christ’s commands. The Arians gained such great power that they were able to force the orthodox remnant out of their own churches, but to paraphrase St. Athanasius, they may have the buildings for the time being, but we have the Faith which alone conduces to eternal life. This too shall pass.
      As for the advance of Evangelicalism, this is only another chastisement on this guilty world. However well-meaning many Evangelicals are, theirs is not the true religion. There are well-meaning Mohammedans too, hard though that may be for many to believe. They give alms, oppose contraception and abortion and so on, they want all to become Mohammedans like themselves, but they are wrong.
      I have been somewhat intemperate in speech, but I can’t help but become angry at seeing so many attack the Church with visceral hatred which can only be demonic in its origin. What’s worse is that they think they know everything but are so incredibly ignorant about that which they attack that they don’t even know the difference between Absolution and Indulgences.
      They only reveal to all how ridiculous and deranged they are by rabidly attacking something, which they don’t even understand in the first place. It’s a conditioned Pavlovian response, no use of reason required or desired. May God have mercy on them, may they correspond with His grace rather than obstinately resist it, that they might be saved in the end.

  • Sonoran

    someone help me with their opinion on owning a gun in canada and how to go about it.

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