Is another stock market crash coming soon?

Don't worry, it can't crash they control the markets!
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And when his Plunge Protection Team Fails him... Obama will once again save the day!
[video]http://sendables.jibjab.com/originals/hes_barack_obama[/video]
 
zerosdontcount said:
Unemployment numbers from the government come out tomorrow. Could mean double dip on top of a stock market crash..
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Unemployment fell a tiny amount. The economy is flat- not growing and not collapsing. Neither boom nor bust. I think the market was up too much based on economic conditions and that this is basically just a correction. Markets are emotional and tend to over-react in both directions. I think it will head back up towards 12,000. Market is up since the news was announced.
http://enews.earthlink.net/article/top?guid=20110805/435e4404-87de-4884-9318-ac8d1247fdc5
WASHINGTON (AP) — Hiring picked up slightly in July and the unemployment rate dipped to 9.1 percent. The modest improvement may ease fears of another recession, but it wasn't enough to prevent another wild day of trading on Wall Street.

Employers added 117,000 jobs last month, the Labor Department said Friday. The job figures were better than the past two months, which were also revised higher.

Retailers, factories and health care firms were among the many industries that added workers. Even government job cuts weren't that bad after considering the bulk of them were caused by the temporary shutdown in Minnesota, which has since ended.

The brighter outlook on hiring sparked a brief stock market rally one day after the Dow Jones Industrial Average lost 500 points. But after gaining 171 points after the market opened, the Dow erased those gains and fluctuated throughout the day. Investors seemed focused on Europe's response to its debt crisis.

The jobs report beat most economists' expectations. But other recent economic data show the U.S. economy remains weak and is not generating enough jobs to lower unemployment rate.
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Brian4Liberty said:
Seems that more and more people are calling for a near-term correction. The term "mature-market" is being thrown around, by people who are usually cheerleaders for the market. This bull-run within a secular bear has just about run out of steam, and the debt crisis is just what it will take for it to be pushed over the edge.
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Let's not forget, this decline has been anticipated for a while now. This is no surprise, and it really has nothing to do with the S&P downgrade or Obama's latest speech. The stock market was overpriced and overbought, everyone knew it.
 
So who sold at the Sept 2011 peak? It's been a slow motion crash since then.
 
Retail left the building a while ago. It's all big firms, HFT and central banks in the market. It's a joke.

The rush to hard assets is going to be an EPIC gong show.

Brian4Liberty said:
So who sold at the Sept 2011 peak? It's been a slow motion crash since then.
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Let's see where we have been. Thread started July of 2011- asking about another crash. On July 29th the Dow Jones Industrial Average was 12,143. It was actually in the process of going down then, hitting its low August 10th at 10,720. Since then it has been working its way back up -moving above 13,000 for a time in March of this year and as of the most recent close, finds itself at 12,835. Ignoring its occasional mood swings, it has been a slow and fairly stead climb since that August 2011. http://www.google.com/finance?client=ob&q=INDEXDJX:DJI# (I used the one year flash chart at this link).

I think it will generally follow the economy- though it does get ahead of it sometimes- and I expect that to be a limping shuffle of some improvement, some slips backwards but generally slowly improving.
 
Brian4Liberty said:
Seems that more and more people are calling for a near-term correction. The term "mature-market" is being thrown around, by people who are usually cheerleaders for the market. This bull-run within a secular bear has just about run out of steam, and the debt crisis is just what it will take for it to be pushed over the edge.

Unfortunately, an overall market crash will take mining stocks with it. Gold and silver will also be hit, as people will need to raise cash. If someone is fully invested, is it time to take some profits so that you have cash waiting to buy back in after the crash?
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Prediction is now reality.
 
Dforkus said:
Huh? the market up slightly since then. And that's not even taking into account dividends...

I'll take a slow motion crash like that...
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I was talking about metals and miners for that Sept 2011 peak.

April 1 would have been a good time to sell the general market.
 
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Zippyjuan said:
August 3rd could be a good day to be buying stocks if the market takes a big drop.
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This is particularly true for blue chips and any other rationally valued stock. I would swing way clear of the idiot stocks like facebook, which are pure vapor. I cannot even get myself too excited about Apple - I think they are either way WAY over-valued or in grotesque need of about a 6:1 split or even higher. Apple may survive an economic bump such as we have experienced, but lets be serious about what they produce: wholly frivolous shit like phones, pads, pods and so forth. If we come to the pass where people are just happy to have had a meal on a given day, I do not see Apple as being a store of value, all else equal. I see companies like Apple as fair weather stores that stand to make spectacular face planting maneuvers when things turn worse than just merely inconvenient.
 
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