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Anybody think the market pullback will be this big?
Posted on 2/26/14 at 4:15 pm
Posted on 2/26/14 at 4:15 pm
Saw this article on MoneyNews.com stating that some financial experts are expecting stocks to collapse by 50% in 2014. I expect a market pullback soon, but 50% kinda struck me as a little high. I am no insider or anything more than a very casual trader, which is why I am just curious what the MB thought of this? Does 50% seem too high, too low, or about right? I know in 2007-2009 we saw the Dow Jones go from 14K to 6K. I certainly hope the market doesn't tank that bad. I know our asset bubble we have created is going to make a nice mess of things, but again, do you see prices being cut in half? What say you MB?
Stocks Collapse 50% in 2014
Stocks Collapse 50% in 2014
This post was edited on 2/26/14 at 4:16 pm
6
Posted on 2/26/14 at 4:25 pm to mkibod1
No and that article was probably written just to get clicks and reposts on random messageboards for site traffic.
Posted on 2/26/14 at 4:39 pm to Camp Randall
March in the second term of a POTUS. Beware.
Posted on 2/26/14 at 4:41 pm to mkibod1
The fact that interest rates haven't budged scares the hell out of me.
Posted on 2/26/14 at 4:56 pm to mkibod1
quote:
He has access to a secret Wall Street calendar that has beat the overall market by 250% since 1968.
quote:
This calendar simply lists 19 investments (based on sectors of the market) and 38 dates to buy and sell them
quote:
one could turn $1,000 into as much as $300,000 in a 10-year time frame.
quote::rotflmao:
The Crash Alert System was actually programmed by one of the individuals who coded nuclear missile flight patterns during the Cold War so that it could be as close to 100% accurate as possible
Posted on 2/26/14 at 5:04 pm to Korkstand
quote:
Korkstand
I completely agree! Haha throwing out big numbers in an attempt to give yourself credibility is laughable to say the least. Again, I expect some pullback, just not sure how much. I thought 50% was high. And where can one procur this secret calender you might ask? Oh well sign up for his subscription ($) and he will tell you.
Posted on 2/26/14 at 5:21 pm to mkibod1
50% is absurd. Hell, 30% is almost comical.
Posted on 2/26/14 at 5:26 pm to mkibod1
quote:The guy who publishes the "GloomBoomDoom.com" website? ( LINK)
Marc Faber
You realize, don't you, that he has predicted 23 of the last 3 bear markets, right?
quote:No.
Anybody think the market pullback will be this big?
This post was edited on 2/26/14 at 5:27 pm
Posted on 2/26/14 at 5:26 pm to mkibod1
100% IMO
Posted on 2/26/14 at 5:38 pm to Camp Randall
quote:
that article was probably written just to get clicks and reposts on random messageboards for site traffic.
This.
Also keep in mind that some of these clowns will go both ways. They'll write up a subscription letter A that predicts Dow 50,000 in a year and letter B that predicts Dow 5,000 instead.
Sell both at the same time under different names. If one of them even comes close to being true you can point to that as "proof" of your prescience for the next round of suckers.
Posted on 2/26/14 at 6:49 pm to mkibod1
I am a huge Bear. But I'm not pinning my predictions on that one bit
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