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Prepare for a Massive Market Meltdown

By Patrick   2012 Nov 14, 2:46am   3,450 views   18 comments   watch (0)   quote      

http://www.cnbc.com/id/49802535

Comments 1-18 of 18     Last »

1   zzyzzx   559/559 = 100% civil   2012 Nov 14, 3:02am  ↑ like (1)   ↓ dislike   quote    

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

2   Patrick   1737/1737 = 100% civil   2012 Nov 14, 3:10am  ↑ like   ↓ dislike   quote    

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

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

3   APOCALYPSEFUCKisShostikovitch     2012 Nov 14, 3:21am  ↑ like (5)   ↓ dislike   quote    

Oh, he sounds absolutely cheerful to me

4   Patrick   1737/1737 = 100% civil   2012 Nov 14, 3:29am  ↑ like (5)   ↓ dislike   quote    

Next to you, he's an amateur.

5   uomo_senza_nome     2012 Nov 14, 4:22am  ↑ like (3)   ↓ dislike   quote    

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     2012 Nov 14, 4:42am  ↑ like (2)   ↓ dislike   quote    

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     2012 Nov 14, 4:47am  ↑ like   ↓ dislike   quote    

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

8   REpro     2012 Nov 14, 5:03am  ↑ like   ↓ dislike   quote    

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

9   curious2   522/522 = 100% civil   2012 Nov 14, 5:44am  ↑ like   ↓ dislike   quote    

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     2012 Nov 14, 6:38pm  ↑ like (5)   ↓ dislike   quote    

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     2012 Nov 15, 2:14pm  ↑ like   ↓ dislike   quote    

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   TwoScoopsMcGee   1156/1156 = 100% civil   2012 Nov 19, 12:26am  ↑ like   ↓ dislike   quote    

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   63/63 = 100% civil   2012 Nov 19, 12:33am  ↑ like   ↓ dislike   quote    

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     2012 Nov 19, 3:20am  ↑ like   ↓ dislike   quote    

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

15   curious2   522/522 = 100% civil   2012 Nov 19, 3:27am  ↑ like   ↓ dislike   quote    

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     2012 Dec 3, 3:36am  ↑ like   ↓ dislike   quote    

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   RealEstateIsBetterThanStocks   174/174 = 100% civil   2012 Dec 3, 4:53am  ↑ like   ↓ dislike   quote    

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   RealEstateIsBetterThanStocks   174/174 = 100% civil   2012 Dec 3, 4:57am  ↑ like   ↓ dislike   quote    

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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