Market Crash soon

Quote from guru-trading:

I agree that there will be another leg down, but seeing as it is expiration this week I am not expecting to happen this week.
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so what if it's expiration week? the last big dip was on expiration week in november (in fact it was on expiration day friday 21st).
 
Quote from Garbage Can Ray:

In my mind, There is a high probability that the market gets completely and utterly blown out next week and well, then for all practical purposes everything we have known is OVER. It will be another disastrous manifestation of dominoes falling down. This Madoff thing is astonishing... Basically we thought that all of these financial engineers with their opaque, proprietary, complex (blah, blah, blah) bullsh*t methods were smarter than us. Well they were smarter con artists, that part is true. Tell me, WHAT IS REAL? Because I don't have a clue anymore. If what I think is going to happen, happens, then I will be in some remote part of South America or Canada with a lot of weapons and making a stab at self sufficiency (a skill which I am afraid that evolution has robbed me of over the last few generations of "civilized" living)
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Nah, she's moving up.
 
Well if she moves up it is because everyone still has their heads buried in the sand. The chickens (or whatever the f*ck the expression is) came home to roost on the housing bubble, didn't they? Do you think that the Treasury printing money to pay for these bailouts is not going to have similar dire consequences? They just print the money up, take on more debt and all is going to be just fine? Like I said there is a high PROBABILITY (not certainty) that this house of cards is going to collapse into the basement.
 
Batman an other posters,
Please give us facts and figures to substantiate your predictions. Lots of Elite readers can't and don't act on predictions so what's the use of them?

Felix
 
Wait until your neighbor tells you to short the Dow or SP. Once the general public believe the market is dropping lower, then buy it up and chase that pot of gold at the end of the rainbow. Once the barber or the grocery store clerk has any bias in the market, I aggressively trade in the opposite direction. It works great
 
See how these bailouts have been making the rounds like musical chairs? Investment Banks, Commercial Banks, AIG, the Little 3? All you need to do to understand is grab some dominoes, set them up, knock one down and watch what happens. Then ponder the interconnectedness of the entire global economy and you will see how f*cked up this could very well become.
 
Well i know a little history and to be honest, I don't know sh*t about domino theory, but to me it makes a lot of sense. The thing is, the interconnectedness that we have today cannot be reflected by any case study from history. It is apples and oranges and an exponent. Period. And you cannot deny that.
 
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