Stock Market Crash of Oct-Nov 2009

dave said on Tuesday October 27th, 2009 01:46:33 AM
http://www.hostalworld.net

The dollar will crash before the market methinks.

Jim Graham said on Tuesday October 27th, 2009 08:03:24 PM

Happy Birthday! Glad you're home for a visit. Wish we could all get together like we used to, but life just seems so busy, doesn't it? Don't feel badly about 54...I was 68 on the 7th of October!

vic said on Wednesday October 28th, 2009 05:57:54 AM

A vote for Zimbabwe... Stock prices going up!

No cynicism below-- just sound economic principles.

Don't worry the stockmarket will GO UP, at least the DJIA. And hey, housing prices will go north too. However, it will be a mirage. The government is "printing" (creating numbers on a balance sheet really). More dollars chasing the same goods, but for most Americans, their salaries and earnings will not follow as quickly. We call this condition hyper-inflation.

Most Americans have never experienced it. And I think you do a better job analyzing the real world than most reporters, Andy. I vote for a trip to Zimbabwe, to educate readers as to the on the ground consequences of trying to print away one's problems. From a currency that was stronger than the USD, a quad-drillion can't buy a George Washington.

Wars, socialist programs, Wall Street "moral hazard" bailouts instead of letting firms fail for their stupidity...and the $4 trillion of other spending is going to end up sinking the dollar.

So yes, the DJIA will go up in an hyper-inflationary environment.

Diversify your wealth and sprinkle in several nations.

milton friedman said on Thursday October 29th, 2009 07:08:09 PM

Gold will crash before either the dow or the dollar. No government in the history of the world has outlived its currency. Those who believe the dollar and dow will collapse are predicting a revolution in the USA whether they realize it or not.

Chuck WoW said on Saturday October 31st, 2009 12:18:44 AM

You nailed it. But it did take 4 days !

http://www.nbr.co.nz/article/stocks-plunge-wall-street-fears-economy-has-weakened-114269

I'm investing in rice futures.

Andy HoboTraveler.com said on Saturday October 31st, 2009 01:41:14 AM

A bigger stock drop... Bigger... the Dow Jones went down 300, nice people will go home over the weekend. Maybe they will say,
"Dear, our stocks went down, maybe we should sell before they go down further."
"Yes Dear, this is a good idea, I will put in a sell order on Monday."

Sort of a collective groupthink happens on Saturday or Sunday, I am not a God and for sure do my best to ignore the stock market, but I would say the well is primed to have a big drop on Monday, November 2, 2009.

I live by my wits, my instincts, my understand of the eyes that are looking at me and not talking. Andy Graham HoboTraveler.com

Gap Filed on SandP 500 - Going Lower Now - All the Way to 450 said on Sunday November 1st, 2009 04:49:35 PM

Crash, possible. More likely the next two years to get to 450.

SandP must move above 1100 and stay there to get bullish.