"Dow To Decline -80% In 2016"

marketsurfer said:
anytime terms like "sovereign" are used, it is generally a tip off that you are dealing with a nut case. In this case it seems like a gimmick for a publisher--- LMFAO don't post this infomercial garbage, this is a serious site
About The Sovereign Society


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Wouldn't be so high and mighty if I were you. Lots of others are suggesting a 50-70% decline, including RBS. Just because this guy is hawking a video (like so many others) doesn't mean his forecast is wrong.

http://www.newsmax.com/Finance/Stre...il_job=1650358_01132016&s=al&dkt_nbr=bgg7rvvb

Standard Chartered is suggesting, "oil might go as low as $10". Lotta dislocations would be seen if so.

I've posted these kinds of warnings so that those anxious to BTFD when the market is down -20% at least have in the back of their mind that the market might go MUCH lower this time and risk accordingly.

Personally, I don't have a view whose call is correct. I'm just hoping to not lose too much when I decide to jump too early. (I'm also thinking we may not yet be in a bear market... calls to the contrary notwithstanding.... and I should be prepared to make my aggressive short play from higher highs.)
 
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Well, the August lows were penetrated today but closed well above that area. The action of the past few days suggests that we may be in for a sharp bounce.
 
There will be WW3 before this takes place (-80%). Stop peddling fiction, economy is doing amazingly great, almost full employment, can't explain layoffs though and closures, that doesn't matter, because economy is doing great. Don't ask questions, just believe this - economy is doing great.
 
lawrence-lugar said:
Stupid news title/headline.
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Exactly.
Don't think about what the market will do, think about what YOU will do in reaction to the market.
This rule brought me already much more money than trying to predict the market.

In the 90's, before the Euro started I read an article on forex in a very respectable financial magazine: This year the USD/DEM will go through .... (don't remember the exact rate anymore)

End of that year I compared the real rate with the predicted one. It was completely wrong. I remember that if I would divide 1 by the predicted rate is was closer to reality than the predicted one.
 
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