2008 Is Starting Again - Stock Market Crash Incoming

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A stock-market bear signal is at a more-than-4-decade high, says Goldman

https://www.marketwatch.com/story/a-...man-2018-09-06

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US Consumer Credit Hits All Time High As Credit Card Usage Stalls

Two months after a near record surge in consumer credit driven by a spike in credit card debt, the US consumer went into a period hibernation to start the summer, when total consumer credit rose by just $8.5 billion in June, with revolving, or credit card debt posting only its second contraction since 2013. Then moments ago, the Fed reported that in July, consumer credit posted a solid rebound, rising by $16.6 billion, above the $14.4 billion expected, and bringing the total to $3.92 trillion, a 5.1% annualized increase from a year ago.

https://www.zerohedge.com/news/2018-...d-usage-stalls

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The next financial crisis ‘will be more severe’ socially and politically, says billionaire investor Dalio

‘I think it will be more severe in terms of the social, political problems. And I think it will be more difficult to handle ... It won’t be the same in the terms of the big-bang debt crisis. It’ll be a slower growing, more constricting sort of debt crisis that I think will have bigger social implications and bigger international implications.’
Ray Dalio, founder and co-CIO, Bridgewater Associates

https://www.marketwatch.com/story/th...lio-2018-09-11

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This is just the beginning folks. DOW down 800 points in a day. Hundreds of points down the previous day's.. the bull run is over.

Digital gold aka Bitcoin is the only hedge that will keep you safe. As traditional markets plunge Bitcoin will explode out of it's year long bear market. Fact.



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Carnage Continues After-Hours - Dow Down 1000 Pts

After the ugliest day in years, things got uglier after-hours...

Dow futures are now down 1000 points...

https://www.zerohedge.com/news/2018-...aq-collapses-5

[chuckz28]

This is what happens when the fed raises the interest rates. Bonds actually are worth buying for people now. They are up over 3% for the first time in 7 years. This has zero to do with the condition of the economy but rather people moving some money to bonds. You'll see another day or two of decline which makes this a perfect time to get a discount on good stocks. Or buy some bonds for guaranteed mild return.

Tapatalk sucks balls

[Bouncer]

This is what happens when the fed raises the interest rates. Bonds actually are worth buying for people now. They are up over 3% for the first time in 7 years. This has zero to do with the condition of the economy but rather people moving some money to bonds. You'll see another day or two of decline which makes this a perfect time to get a discount on good stocks. Or buy some bonds for guaranteed mild return.

Tapatalk sucks balls

i'm hoping to buy amazon in a few days when its 35 cents. :rofl:

[chuckz28]

This is just the beginning folks. DOW down 800 points in a day. Hundreds of points down the previous day's.. the bull run is over.

Digital gold aka Bitcoin is the only hedge that will keep you safe. As traditional markets plunge Bitcoin will explode out of it's year long bear market. Fact.



Sent from my Moto G6 using Tapatalk

What was that about being safe in Bitcoin?

Nearly*$13 billion wiped off of cryptocurrency market as major coins plunge

The price of major cryptocurrencies plunged on Thursday with nearly $13 billion of value being wiped out in a matter of hours.
At around 10:23 a.m. HK/SIN,*bitcoin*had fallen nearly 5 percent to $6,303, while*XRPand*ethereum*both tanked over 10 percent, according to data from Coinmarketcap.com. It's not unusual to see bitcoin lead other digital tokens lower.
In just three hours, nearly $13 billion of value had been erased from the entire cryptocurrency market.


Tapatalk sucks balls

[Bouncer]

What was that about being safe in Bitcoin?

Nearly*$13 billion wiped off of cryptocurrency market as major coins plunge

The price of major cryptocurrencies plunged on Thursday with nearly $13 billion of value being wiped out in a matter of hours.
At around 10:23 a.m. HK/SIN,*bitcoin*had fallen nearly 5 percent to $6,303, while*XRPand*ethereum*both tanked over 10 percent, according to data from Coinmarketcap.com. It's not unusual to see bitcoin lead other digital tokens lower.
In just three hours, nearly $13 billion of value had been erased from the entire cryptocurrency market.


Tapatalk sucks balls

In crypto it's common to see $20 billion added or lost in single hourly candle. We should see a nice bull response by this coming Mon-Wed.

Sent from my Moto G6 using Tapatalk

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LOL @ trump attacking the Fed. Trump knows very well a correction is due. He just wants to be able to say to his base "it's not me it's the fed!".

https://www.cnbc.com/2018/10/11/fed-...b-frenkel.html

The Fed hasn't 'gone crazy' and Trump shouldn't publicly diagnose: JP Morgan international chairman

The Federal Reserve's policy of normalizing interest rates is appropriate since the U.S. economy has recovered on all fronts, according to Jacob Frenkel, chairman of J.P. Morgan Chase International.

In the U.S., inflation is at the Fed's target, growth has recovered, labor markets are very good and unemployment is low, he explained.

On Wednesday, the president again criticized the central bank, saying, "I think the Fed has gone crazy."

[chuckz28]

I will say that this could go very bad if people panic for no reason. Companies are reporting consistent profits exceeding market expectations. This should keep things up in theory. So while I can't predict if people will panic or not I can confidently say it isn't justified if they do. Regardless I hold steady and don't get phased by even a correction or even a recession.

Tapatalk sucks balls

[Bouncer]

I will say that this could go very bad if people panic for no reason. Companies are reporting consistent profits exceeding market expectations. This should keep things up in theory. So while I can't predict if people will panic or not I can confidently say it isn't justified if they do. Regardless I hold steady and don't get phased by even a correction or even a recession.

Tapatalk sucks balls

Gold is way up!

Sent from my Moto G6 using Tapatalk

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Futures are up around 1%, it may be a fake out though. open high and fall over the course of the day is my call.

This is something that I don't think most people are aware of but has had a measurable effect. Corporate buyback's are in a "blackout" period. I don't think people realize just how much some of these companies help to keep the market up by buying there own stocks.

https://www.cnbc.com/2018/10/11/the-...t-turmoil.html

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Goldman: "The Fed Will Deliver Significantly More Hikes Than Are Priced In", Here's Why

Back in May 2017, when moments after the Fed's latest rate hike stocks soared to new all time highs, Goldman economists found something strange: "surprisingly, financial markets took the meeting as a large dovish surprise—the third-largest at an FOMC meeting since 2000 outside the financial crisis, based on the co-movement of different asset prices." Even more surprising is that according to Goldman, its financial conditions index, "eased sharply, by the equivalent of almost one full cut in the federal funds rate."

In other words, as we noted at the time, the Fed's 0.25% rate hike had the same effect as a 0.25% rate cut, and as Goldman chief economist Jan Hatzius went on to say, this was "almost certainly not" the desired outcome that Janet Yellen had been going after, and that markets had in fact misread the Fed's tightening intentions.

A year and a half later things have changed substantially because as Yellen's replacement, Fed chair Powell, has made abundantly clear the Fed's intentions to tighten enough to slow down the economy are now front and center, and with the Fed Funds rate now above 2% and set to rise above 3% in the coming year, the market is not only paying close attention but is no longer mistaking rate hikes for cuts.

But with trillions in excess reserves still sloshing around the financial system, has the Fed really tightened enough for risk assets to notice (and slide)? Here opinions remain mixed, although what is clear - at least judging by president Trump's belligerent attitude toward Fed Chair Powell - is that the Fed is now willing to sacrifice the stock market and risk assets if it means to get ahead of the curve on its two core mandates: inflation and unemployment.

What does that mean in practical terms? According to a note released by Goldman late last week, the Fed is nowhere near done yet - either based on its dot plot or certainly more dovish market expectations - and "needs to generate a significant tightening in financial conditions to slow the economy to its potential growth pace sooner rather than later." The bad news - for stock bulls - is that "this will require delivering significantly more hikes than priced in the curve."

https://www.zerohedge.com/news/2018-...iced-heres-why

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Get ready for the shit to hit the fan today guys. DOW futures are down almost 450 points, gonna be a wild ride.

If you want free money invest in gold right now. Doesn't matter if it's gold mining companies, gold ETF's, or physical bullion (not practical for most). Gold has been seriously held down because of what amounts to a 10 year bull run in the US stock market. That bull run is now over. Gold's bull run has begun.

DOW, Nasdaq, and the S&P are about to move below their 200 day moving average. For those that don't understand TA just realize that falling below the 200 day MA is NOT good. It's a sell signal for full time traders.

Bottom line, you don't need to fear a bear market. You simply hedge against it. Gold has a scheduled trip for the moon. Don't miss the rocket ship...

Don't say I didn't give you a heads up. Chuck you got any gold ETF's in your portfolio? This is gonna be me in 3 months... :D