79 YEARS to the Date, Oct. 24, 1929 Here comes the CRASH!

[HOLLYWOOD]

79 YEARS to the Date, Oct. 24, 1929 Here comes the crash!

http://en.wikipedia.org/wiki/Wall_Street_Crash_of_1929

Three phrases - Black Thursday, Black Monday, and Black Tuesday - are used to describe this collapse of stock values. All three are appropriate, for the crash was not a one-day affair. The initial crash occurred on Black Thursday (October 24, 1929), but it was the catastrophic downturn of Black Monday and Tuesday (October 28 and 29, 1929) that precipitated widespread panic and the onset of unprecedented and long-lasting consequences for the United States. The collapse continued for a month.

 

[Mister Grieves]

CNN Money's comment about today: Stocks headed for a bloodbath

Futures are at -548.

Wait, so CNBC was wrong and we haven't hit bottom? lol

SELL!!!

 

[Truth Warrior]

I'm kinda skeptical that it will be allowed to happen in a POTUS election year. However, who knows? We shall see.

 

[Lafayette]

holy shit! DOW, S&P, NAS all limit down, as low as they can go!

Gold below $700!

OPEC cut production by 1.5 mil barrels !



FUCK!

 

[Dr.3D]

Notice the classic 'Head and Shoulders' profile in that chart?

The head is on the September line and the left shoulder is August and the right shoulder is into October. You then see the small spike and then the sudden drop.

Now look at this chart to see the similarities.

Now this chart is a lot smaller so you can't see as much as the chart in the OP.

 

[HOLLYWOOD]

REMINDER and REMEMBER...

Dow Jones Industrial Average for 10/28/1929 and 10/29/1929
date ------------------- change % change close
October 28, 1929 -38.33 -12.82% 260.64
October 29, 1929 -30.57 -11.73% 230.07

Today is FDIC Friday... Know you accounts/bank LIMIT!

 

[Truth Warrior]

As the above DJIA graph clearly shows the 1929 Crash was really just "small potatoes" as things ultimately turned out.


Top to bottom, 381.17 to 41.22, a 89+% drop.

 

[DFF]

Bernanke, Bush, and today, Greenspan, these guys all need to STFU because everytime one of them speaks the markets react - NEGATIVELY.

 

[Sarge]

If it opens and closes down big time, the hedge funds are going to get crushed. They still have a lot of cash outs coming up.

The fat cats are likely not going to feel so fat after today.

 

[HOLLYWOOD]

If it opens and closes down big time, the hedge funds are going to get crushed. They still have a lot of cash outs coming up.

The fat cats are likely not going to feel so fat after today.

Betcha.... Allthose FAT CATS are on the phone to their LOBBYISTS, PUPPET POLITICIANS, and the FED.

SCREAMING... BAIL OUR WEALTH OUT or NONE of you WILL BE BANK ROLLED in the NEXT ELECTION!

 

[LibertyEagle]

Wasn't the WAMU auction yesterday?

 

[ryanduff]

holy shit! DOW, S&P, NAS all limit down, as low as they can go!

Gold below $700!

OPEC cut production by 1.5 mil barrels !



FUCK!

Yup, OPEC cut production and Oil continued to slide today... Contracts of Light Sweet for December (QM.Z08.E) are currently at $63.15 down $4.69 or 6.76% so far today... a lot of good that did!

As I've been predicting, and has already been seen with the limit-down breakers on the futures market, we're going to see a circuit breaker today. Level 1 def... maybe level 2 because of how low the futures market already dropped.

As unrealistic as a level 3 would seem (and pretty hard to get to at that)... if we ever see that, you had better load your gun and find something to hide under in your basement...

 

[Sarge]

Yes, it took place yesterday. It went not too bad from what i understand.

Wait until ever one on margin gets margin calls today. If they have large positions their eye balls will be spinning like a slot machine. If they can't meet the margin calls the stocks will be sold and they will owe a ton of money. They will take the hit on the stock and still owe money.

Baked into the cake if the market drops as big as it looks like it will.

 

[Mister Grieves]

As unrealistic as a level 3 would seem (and pretty hard to get to at that)... if we ever see that, you had better load your gun and find something to hide under in your basement...

I'm being sincere in my inquiry here in asking why do you believe that a market crash would necessitate grabbing a weapon and hiding? I mean really, how in the world can the two possibly be related at all. We've seen the Dow lose something like 40% of it's value this past year. What makes you think that it shedding another 25-30% is going to revert society back into a Viking/barbarian mentality?

 

[LiveFree79]

I'm being sincere in my inquiry here in asking why do you believe that a market crash would necessitate grabbing a weapon and hiding? I mean really, how in the world can the two possibly be related at all. We've seen the Dow lose something like 40% of it's value this past year. What makes you think that it shedding another 25-30% is going to revert society back into a Viking/barbarian mentality?

Exactly. LOL that makes no sense at all. Most of us will end up going to bed Sunday night and going to work Monday morning. The world will go on.

 

[Aratus]

hopefully... things will recover over time...

 

[Vet_from_cali]

guys are getting a lil out of hand lol. didnt "crash" today, simma down

 

[icon124]

guys are getting a lil out of hand lol. didnt "crash" today, simma down

can't tell them that...it's a conspiracy if we don't have one

 

[ItsTime]

It is a slow crash. Just like our liberties were taken away from us slowly. They understand that they can not have a real crash to have a take over. They need a slow drawn out crash. So we are like frogs that start in cold water then end up in boiling water.

 

[HOLLYWOOD]

Well,

Now we head into BLACK MONDAY and TUESDAY...

Here's the ASIAN Market results:

Tokyo 7,162.90 -486.18
Hong Kong 10,922.68 -1,695.70
Sydney3,768.30 -63.30

Europe is Down 5% across the board

IMF dishing OUT 10's of BILLIONS to countries across Europe and Asia

UKRAINE sucking almost $20 BILLION

NOW... GULF BANK (Middle East) Going to report Derivative losses of approximately $740 MILLION. Even the ARABS are having BANK RUN PROBLEMS.

Maybe Dubya and the 3 Financial Amigos(Blair, Bernake, Paulson) can SPIN some more PROPAGANDA...

That's right, the White House doesn't comment on Fluxuating Markets... as they stated last FRIDAY.

What a JOKE this U.S. Government and officials have become. MONOPOLY game with the people's money.

But we'll still have the CNBC Money Whores Cheerleading the Viewers to BUY as well as the greedy INVESTMENT HOUSES. CNBC = Used Car Dealer/Salemen

Don't forget CNBC Steve Liesman - FEDERAL RESERVE INSIDER PROPAGANDA PIG