Prepare for a Massive Market Meltdown


By Patrick   Follow   Wed, 14 Nov 2012, 10:46am   2,127 views   18 comments
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http://www.cnbc.com/id/49802535

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  1. zzyzzx


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    1   11:02am Wed 14 Nov 2012   Share   Quote   Permalink   Like (1)   Dislike  

    Isn't Marc Faber one of those people who are always predicting this?

  2. Patrick


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    2   11:10am Wed 14 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Yes, he's known as "Mr. Doom" in some circles.

    But he often has good reasoning, or at least interesting reasoning.

  3. APOCALYPSEFUCKisShostikovitch


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    3   11:21am Wed 14 Nov 2012   Share   Quote   Permalink   Like (5)   Dislike  

    Oh, he sounds absolutely cheerful to me

  4. Patrick


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    4   11:29am Wed 14 Nov 2012   Share   Quote   Permalink   Like (5)   Dislike  

    Next to you, he's an amateur.

  5. uomo_senza_nome


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    5   12:22pm Wed 14 Nov 2012   Share   Quote   Permalink   Like (3)   Dislike  

    APOCALYPSEFUCK is Shostakovich says

    Oh, he sounds absolutely cheerful to me

    You will love this:

    http://www.bloomberg.com/video/faber-expected-re-election-to-send-s-p-down-50-FQKRInPiRcKweo9Wj2ru6g.html

    how to protect your financial assets?
    "Buy a machine gun."
    "No, really Mark."
    You're right, buy a tank"

  6. gbenson


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    6   12:42pm Wed 14 Nov 2012   Share   Quote   Permalink   Like (2)   Dislike  

    I am as *out* of the stock market as I can be. It's just a frigging casino at this point. Any sense of prices actually tracking company performance is all but gone.

  7. upisdown


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    7   12:47pm Wed 14 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Anybody know of any tracking of Faber's predictions, similar to websites that follow Jim Cramer's "advice"?

  8. REpro


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    8   1:03pm Wed 14 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Its alredy started a few days ago. Today DOW drop -200. Tomorrow maybe more.

  9. curious2


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    9   1:44pm Wed 14 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Major market indices have dropped 10% since the election. To my surprise, even stocks that stand to profit from Obamacare (e.g. PhRMA) have dropped. Reporters are talking about the impending "fiscal cliff," so perhaps the market is wondering whose oxen will get gored. Will it be corporate and dividend tax rates, making stocks less attractive? Will it be Obamacare subsidies? Military contractors? One thing we don't need to fear though, Bubbles Ben won't run out of paper, so he can keep buying mortgage backed securities from his cronies, "helping homeowners" by reflating the housing bubble so debtors don't default.

  10. APOCALYPSEFUCKisShostikovitch


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    10   2:38am Thu 15 Nov 2012   Share   Quote   Permalink   Like (5)   Dislike  

    uomo_senza_nome says

    APOCALYPSEFUCK is Shostakovich says

    Oh, he sounds absolutely cheerful to me

    You will love this:

    http://www.bloomberg.com/video/faber-expected-re-election-to-send-s-p-down-50-FQKRInPiRcKweo9Wj2ru6g.html

    how to protect your financial assets?

    "Buy a machine gun."

    "No, really Mark."

    You're right, buy a tank"

    Faber gets my newsletter.

  11. bmwman91


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    11   10:14pm Thu 15 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    I predict a massive rally within the next 3 months, for some sort of very apparent (as in all media outlets spout off about it just like they are with "fiscal cliff"), but nonsensical reason.

  12. thunderlips11


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    12   8:26am Mon 19 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Melmakian says

    UT options are really popular with traders because stocks drop faster in price than they rise, as a general rule.

    Yep, More stocks go to the Pinks than go to $100. The problem is timing it.

  13. mell


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    13   8:33am Mon 19 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Faber is good at sizing up international markets and general monetary policy and so far I have not seen him predicting a sell-off, rather inflation adjusted rising of most asset classes. He is not that doomy except for the end-game when US debt will eventually blow up or there will be a bond crisis. I am not sure if I agree with a dramatic crash, but I can see some volatility and stocks heading lower which already has started as some already stated. I think though that he is absolutely right in favoring most Asian markets - except for China and Japan - over US/European markets.

  14. bmwman91


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    14   11:20am Mon 19 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    Well, big old market rally today.....

  15. curious2


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    15   11:27am Mon 19 Nov 2012   Share   Quote   Permalink   Like   Dislike  

    bmwman91 says

    Well, big old market rally today.....

    ...as "Sales of Existing Homes Increase Unexpectedly in U.S."

    doh! The article says the number of sales and the median price increased. I'm guessing hedge funds and equity funds are borrowing at low rates and buying lots of places. We'll see how that turns out for investors; it may be a hedge against inflation, but real gains would depend on household formation, future construction costs, and real wages among other things.

  16. everything


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    16   11:36am Mon 3 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    Plenty of money around these days. One investor steps away, another has piles of money to take that place. You can see it in the way the market seesaws, up 100 down a 100, it's the new normal. Every time a new anomaly occurs the news reports in it then the SEC or whoever says, yeah well we put a computer program into place to make sure that does not happen again, the equities market can only crash so hard on any given day, they even halt trading on individual stocks now as well.

    I also think with middle classes growing up all over the world we are seeing par stability as far as retail and wholesale spending go, which helps keep everything just kind of churning along. Jobless recoveries and higher unemployment are an example of that.

  17. Mark D


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    17   12:53pm Mon 3 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    there are always "experts" coming out with predictions for an economic Armageddon every year.

    i missed a great buying opportunity earlier this year because of these anti-American, depressing, gloom & doom whackjobs. not going to fall for this crap again this year. i am all in now.

  18. Mark D


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    18   12:57pm Mon 3 Dec 2012   Share   Quote   Permalink   Like   Dislike  

    zzyzzx says

    Isn't Marc Faber one of those people who are always predicting this?

    Faber, Schiff, Gelente, Kaiser (Report) and pretty much all gold/silver sellers...

    Schiff admitted on this show that the reason he's no longer popular as he was during post-crash era is because there are way too many gloom & doom experts now.

    like Rush Limpballs who scares white men for a living, these guys scare the working men.

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