Jump to content



Photo

I am calling for a Crash ,,,,,


  • Please log in to reply
18 replies to this topic

#1 trioderob

trioderob

    Member

  • Traders-Talk User
  • 1,282 posts

Posted 02 November 2022 - 03:11 PM

I am calling for a devastating crash in the US equity markets thru the end of this week.

 

I believe that the speech by Powell today was a crystal clear statement that he is going to put the US into a recession.

 

Of particular concern being the statement where he indicated that he would over shoot on the rate increases and then pull back as needed. 

 

thats the straw that breaks the Camels back ........



#2 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,938 posts

Posted 02 November 2022 - 06:46 PM

Relax. No crash possible this week. Election is next  week on Tuesday.


Edited by pdx5, 02 November 2022 - 06:47 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 Rogerdodger

Rogerdodger

    Member

  • TT Member*
  • 26,214 posts

Posted 02 November 2022 - 09:31 PM

If "past is prologue"...

Soup Lines coming?  Late rent payments? Beginning foreclosures on all these new loans on jacked up valuations?

How many homes did the 2007 Las Vegas Showgirls own before the last collapse?

 

This looks very bad for the future...

 

“Everything is going up. Gas, food, rent, everything,” said Gladis Blanco, a housekeeper at the Bellagio. “But not our wages. It’s getting better for businesses but not for us: we are still struggling.”  There is growing speculation that the housing market could crash in 2022. High interest rates coupled with the cost of living crisis has seen households squeezed as they try to afford rising energy, fuel costs and now mortgage payments.Sep 28, 2022

 

hours-to-pay-rent.jpg

Consumer Sentiment looks like a low ...until you look at 2007-2008.

consumer-sentiment.jpg


Edited by Rogerdodger, 02 November 2022 - 10:19 PM.


#4 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,938 posts

Posted 02 November 2022 - 10:52 PM

Of course the crash is coming. What else can we expect after partying for many years on zero interest rates?

But not this week as the original poster of this thread promulgated. Stock futures are already green for tomorrow.

And no crash on Friday either. I am much more worried about 2023. The double whammy of  high inflation and high interest rates will cause serious problems for many.


Edited by pdx5, 02 November 2022 - 10:56 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#5 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,494 posts

Posted 02 November 2022 - 10:53 PM

I am calling for a devastating crash in the US equity markets thru the end of this week.

 

I believe that the speech by Powell today was a crystal clear statement that he is going to put the US into a recession.

 

Of particular concern being the statement where he indicated that he would over shoot on the rate increases and then pull back as needed. 

 

thats the straw that breaks the Camels back ........

Nah. This is and will be a grinding bear with bull swings. We have along ways to go the downside but, it won't be a crash.

 

mmm.gif


Edited by Chilidawgz, 02 November 2022 - 10:59 PM.

Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#6 Chilidawgz

Chilidawgz

    A fool and his money... (the second mousie gets the cheese)

  • Traders-Talk User
  • 5,494 posts

Posted 03 November 2022 - 01:49 AM

Carnivore Trades


Anything can happen...what's happening now?
No one can forecast the future. No one.
 
All stocks (ETF's) are BAD...unless they go up - William O'Neil
 

#7 RadioHead

RadioHead

    Member

  • Traders-Talk User
  • 126 posts

Posted 03 November 2022 - 01:54 AM

There will be no crash. Another leg down is possible, but nothing crazy is going to happen.

#8 K Wave

K Wave

    Member

  • Traders-Talk User
  • 15,880 posts

Posted 03 November 2022 - 07:07 AM

So no one here believes Apple could possibly "crash" from this position and take the market with it?

 

See if bulls can regain 145 today or not, because if not.....


The strength of Government lies in the people's ignorance, and the Government knows this, and will therefore always oppose true enlightenment. - Leo Tolstoy

 

 


#9 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,938 posts

Posted 03 November 2022 - 08:03 AM

Depends on definition of crash.
Double digit drop in one day's trading is my definition.
Neither Apple or market is ready for such crash.
Unless Russia deploys nukes in Ukraine.

Edited by pdx5, 03 November 2022 - 08:04 AM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#10 12SPX

12SPX

    Member

  • Traders-Talk User
  • 9,398 posts

Posted 03 November 2022 - 08:07 AM

Yup chill and pdx got it right, grind away until next year where there is the possibility we see 24-25 on the SP500 sometime and I don't see new highs for a few years especially if interest rates remain high.