8 replies to this topic

[isaac613]

When the start going down they will not stop until we have new lows probably sometime in the middle of October. Maybe the fed comes in and cuts another .5%. The fed cut just changed what will happen for the short term.

[ogm]

What is this forecast based on ?

[isaac613]

When the start going down they will not stop until we have new lows probably sometime in the middle of October. Maybe the fed comes in and cuts another .5%. The fed cut just changed what will happen for the short term.

Actually based on a few things. First , we are having a slowing economy . Second, It is the 17 year cycle. If you go back 17 years, for the last 100 years, the market has had major drops on those years. We are on that year now. Uncle Ben is trying to reverse the cycle with his cuts, but you can't change what will happen. He actually probably made it worse since your money won't be worth crap anymore. And worthless money and a bad market causes a lot of pain and suffering. If anyone was here In mid July, I was calling for a 10% drop then but I was being asked the same question you ask now. Go back and look it up.

[slupert]

When the start going down they will not stop until we have new lows probably sometime in the middle of October. Maybe the fed comes in and cuts another .5%. The fed cut just changed what will happen for the short term.

Actually based on a few things. First , we are having a slowing economy . Second, It is the 17 year cycle. If you go back 17 years, for the last 100 years, the market has had major drops on those years. We are on that year now. Uncle Ben is trying to reverse the cycle with his cuts, but you can't change what will happen. He actually probably made it worse since your money won't be worth crap anymore. And worthless money and a bad market causes a lot of pain and suffering. If anyone was here In mid July, I was calling for a 10% drop then but I was being asked the same question you ask now. Go back and look it up.

I think your basically correct, however, you reasoning is too vague. Economic data will weaken starting next week,the ability of the FEd to cut rates, however, will be determined by the weakness of the dollar. One poster posted a link about Saudi Arabia, on a day when everybody is concentrating on the testimony on the hill, that post should not be ignored, look at todays gold streght and the corresponding weakness in the dollar.

[youmast]

FYI... latest CRASH posts from isaak were.... May 25 Aug 23

[isaac613]

I was actually short from July, I did post that August one late though. Today, I am fully short. I expect S&P cash to be at 1400 by October 18th. Naz 2400 minimum. We shall see.

[youmast]

Sure... you went short in July, and you was long when you posted your crash warning on May 25, and Aug 23.

[Islander]

Today's LEI (DOWN) says he is likely correct on a correction over the next several months, money in circulation is UP and the production output is expected to fall over the Q3/4. That ,plus bonds falling in price today suggests that we will have a slow down and a market correction. Seasonality is also a negative. The inflation effects of the falling dollar are already evident in oil prices. A correction of 10% is not too much to expect. Unless it really catches on when it could be 20%. NO just kidding. Islander.

[isaac613]

Today is just a preview of what is coming the next few weeks. We are about to have a major correction. Could be as much as 20%. I just did not want to scare anyone. This is just what I think. Everyone should use their own judgement to trade.