
CAUTION: Stock Market Crash /Collapse Dead Ahead Say Faber, Rogers, Dent and Celente
Oct 02, 2009 - 09:33 AM
Gerald Celente, Trends Research forecaster and contrarian thinker, advised listeners of the Jeff Rense show on September 23rd to look out below, calling it the Christmas Crash. He believes that the next collapse will come quickly, sometime this Fall, but as late as January or February of 2010: “It’s going to really be an ugly scene. We are really encouraging people now to take pro-active measures and prepare for the worst. Don’t spend an extra dime.”
Jim Rogers, who is well known for making millions during the recession and commodities boom of the 1970’s, is also hesitant about acquiring more equities. He is an avid US Dollar bear, but in an interview on September 30th, he turned bullish on the dollar in the short term. His advice? “I am not buying shares anywhere in the world as we speak.”
Full article ---> http://www.marketoracle.co.uk/Article13915.html
I am not expert, but I do a lot of reading from many sources especially negative one, so before I invest, I make sure if the worse come, I can handle the situation.
World economy trouble really still exist like Dubai and Greece recently. Maybe some other countries will emerge on the news soon?
I think the reason for strong than expected financial result recently is many companies has fixed their structural problem, like cost cutting (including worker layoff). I think this kind of profit cant last long. That the reason, why unemployment still 10% at US.
Back to the basic, as long as unemployment issue is not solve, the fundamental problem is not solve.
The simple logic is, if people don go back to work? will the consumer confident return? If no consumer, the retail market wont book order from manufacturer. The manufacturer cannot boost their productivity. Then no new hiring, and the problem still persist.
That why Obama stimulus package mostly focus on upgrading the infrastructure in US, like bridge, highway. Clean up nuclear wasteland. This is the faster way to give citizen $$$ and make them to spend the $$$ to boost economic in all sector. But too bad unemployment still at 10%.
Once again, I am not expert, I just give my view.
yummygd ( Date: 01-Feb-2010 08:59) Posted:
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yummygd ( Date: 01-Feb-2010 08:59) Posted:
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August 14, 2009
Bob Janjuah, chief credit strategist at RBS, is predicting that we’re heading for another stock market crash this autumn. Before the bulls cry “doomsayer!”, let’s note that at a similar time last year Bob Janjuah successfully predicted the stock market crash for the autumn of 2008.
He certainly isn’t the only person to think so – Felix Zulauf and Nouriel Roubini are some of the more reliable and accurate commentators by public record who have long maintained the March rally is a bear rally.
Economic conditions could not support a true bull rally.
While Germany and France in Europe are reportedly out of recession, and Hong Kong has also climbed out of it in Asia, the headlines do not scream “Economic recovery” but instead “W-shaped recovery!”.
If so, it means we’re due a lot more pain, and that this year’s bounce has been nothing but a repeat of events early in the Great Depression.
So at best, the UK, European, American and world economies are all quietly chugging along – greatly weakened, but not collapsed.
And yet, even in this diminished state new asset bubbles are already fast developing – especially the credit bubble in China.
A W-shaped recovery is looking increasingly likely – take care if you’re still holding on to equities.
For the full article, please go here ---> http://inthesenewtimes.com/2009/08/18/stock-market-to-crash-again-in-2009/
I had incurred heavy damage too. This dip had cost me my entire savings. I went into 3 sicko stocks call Hoe Leong, Sino Grandnes and Otto Marine. I lost about $20k, had to borrow from some close relatives. Need to zip up my wallet and watch my spendings now. Even cannot join friends for activities, I think gonna lose them soon...cos they dun know why I had suddenly become so stingy. ha..
But I still hold <10 lots of Capitaland for long term. I calculated that i need Capitaland to be $6.72 before I can breakeven all these losses. haha....when will this day come? It'll be crazy.
In late December and early January as the market was performing its levitation act to lure as many people into the market as it could, I had a number of phone calls from people who had “missed the rally” and were calling seriously questioning my analysis. I had been telling subscribers that the price action in December and January was an ending move of the current intermediate-term cycle and not a beginning move with a new cycle. Cyclically and statistically, there was a clustering of cycles due to peak and that is what has happened. Yet, the short-term price action that was appearing late in the cycle did its job perfectly by sucking every last participant it could into the market before it cracked and in the first three down days of this decline some ten weeks of advance vanished. In doing so, those late arrivals to the party were once again left holding the bag. This in and of itself is a cycle that I see over and over again.
Back in February 2009 I warned that there was a clustering of cycle lows coming due, yes, this is in print, and I said then that the longer this rally lasted, the more dangerous it would become. Reason being, people have short memories, they are greedy and the longer the rally lasts the more convincing it becomes. Well, I can tell you now that the Bear has a few more luring tricks up his sleeve. My cycles work tells me that there will be a rebound rally on both a short and an intermediate degree ahead. The short-term rebound will serve to convince a few more that the decline is over and again they will reenter, and just when all the sheep are pulled back in, the Bear will make another sneak attack. This will in turn give us a bit more of a wash out, and then once the market begins to move back up with the intermediate degree bounce, Kudlow, Cramer and the gang will be screaming that we have now seen a healthy and needed correction and that we are once again back on the road to prosperity. But, the cycles work suggests otherwise and again, that intermediate-term rebound will serve to suck every last drop of cash it can back into the market. Then, depending on how the next rally of intermediate degree sets up that will likely set the stage for the Bear to return with full vengeance.
Understanding the proper degree of the cyclical movements and the implications of how they unfold will be key. 2010 should prove to be a transitional year for many markets. By understanding and remaining focused on the cyclical lay of the land and the underlying statistics one can be prepared for the hazards that lie ahead. I see cyclical events ahead that will put the great inflationary/deflationary debate to bed. The CRB is approaching a cyclically important juncture in 2010 as is the dollar and gold, not to mention the equity markets. The timing of these cyclical events is also key and from a cyclical perspective, 2010 will be a very important year.
From a Dow theory perspective we now have a short-term non-confirmation in place. Reason being, the closing high for the Transports occurred on January 11th, while the closing high for the Industrials occurred on January 19th. The current Dow theory chart can be found below.
I want to explain that according to Dow theory the previously established trend is considered to be in force until it is authoritatively reversed. For the benefit of newer readers the primary trend, in accordance with classical Dow theory, remains up. But also understand that this uptrend is within the context of a much longer-term secular bear market. In other words, this is a large scale counter-trend advance. Now with that being said, non-confirmations are not authoritative reversals of the previously established trend. An authoritative reversal in accordance with classical Dow theory will require more price action and I will cover that when the time comes. Non-confirmations are however warnings.
http://www.financialsense.com/Market/wrapup.htm
Peg_li ( Date: 31-Jan-2010 13:41) Posted:
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I would not plan to sell any stock and keep it until market recover!
I don't believe the market will be like march,2009 and before!
economy already is on the way recovering, why so many people panic?
so funny!
anyway,just paper lose.I don't care so much, just a little bit heart pain!
Andrew ( Date: 30-Jan-2010 00:55) Posted:
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HateBear ( Date: 30-Jan-2010 02:42) Posted:
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Zelphon ( Date: 30-Jan-2010 12:06) Posted:
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Zelphon ( Date: 30-Jan-2010 12:06) Posted:
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sold three stocks now waiting to see if monday will be better....if not den i guess i will use the freed money to buy. My loss nothing compare to all you big punters.But dun worry Market cant fall fall fall non stop.it will stop eventually.Dun play contra for the time being i guess..think alot of force selling happening. once those force selling are done Market will recover.
Peg_li ( Date: 30-Jan-2010 00:32) Posted:
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LOL...
Good one...
purelotus ( Date: 30-Jan-2010 11:47) Posted:
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Zelphon ( Date: 30-Jan-2010 09:54) Posted:
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