This really is starting to feel like 1932

[bearice]

Dow Repeats Great Depression Pattern: Charts

The Dow Jones Industrial Average is repeating a pattern that appeared just before markets fell during the Great Depression, Daryl Guppy, CEO at Guppytraders.com, told CNBC Monday.

“Those who don’t remember history are doomed to repeat it…there was a head and shoulders pattern that developed before the Depression in 1929, then with the recovery in 1930 we had another head and shoulders pattern that preceded a fall in the market, and in the current Dow situation we see an exact repeat of that environment,” Guppy said.

The Dow retreated 457.33 points, or 4.5 percent last week, to close at 9,686 Friday. Guppy said a Dow fall below 9,800 confirmed the head and shoulders pattern.

The Shanghai Composite is seeing a very rapid collapse, falling below 2,500, which suggests the major fall in the Dow, he added.

In the European markets, Guppy says Frankfurt's Dax is witnessing a different pattern to London's FTSE.

Guppy uses the broad trading band as measurement- giving the Dax a downsize target of 1,500. The same head and shoulders pattern seen in the Dow can also being seen in the FTSE, he added.

http://www.cnbc.com/id/38092759

 

[achilles28]

Quote from gastropod:



* I believe the world has been set up to "fail" - so that the banksters and a few families will "rule" the world. Yes, I believe this is an open conspiracy to take over the world...have one world government - a dictatorship that reduces the average person (who is left alive) to the status of serf. They will be serfs, because a serf has little chance of rising above being a serf. A slave could at least hope for or somehow gain freedom.

+1

 

[jueco2005]

I fear you are Right

I hope you are Wrong.

 

[Coldspring]

Quote from peilthetraveler:

Just so you know...to get a 5 year prison sentence for marijuana, you have to be convicted of an offense involving at least 100 kilos (220 pounds) of marijuana. Thats hardly just a recreational smoker. Not to mention that someone that is dealing with that much marijuana probably had alot of cash, cars, and other valuables that would now be seized. 100 kilos of pot is almost $500,000 in street value, so there is a good chance that catching someone like that pays for itself.

No, just have 50 growing plants. It doesn't matter how large they are, 50 seedlings (2 inches high) will get you a federal mandatory minimum of five years. The government's propagandist "street value" and real value are much different things. Not everyone is a kingpin.

You should look at the mandatory minimums for crack cocaine vs. real cocaine. It takes a lot more cocaine to get a sentence than crack, like 100 times more. You can get 5 years for a few hundred dollars of crack. The federal prisons are full of low level black offenders, and you can bet they didn't have the moolah to hire a good attorney. They get railroaded and get the shaft. Do you detect any racism in this?

The federal justice system and the DEA are corrupt to the core. It's a business.

 

[jajuanm2]

I think we were on the gold standard in 1932.

 

[dandxg]

Quote from bat1:

I hope we do crash! Then maybe they will get there
house in order. So much wasted spending day in day out..

We spend around $53,000 per year to house
a prisoner over 70 % of people in Prison is for
Drug use..giving people 5 years just for smoking Pot
what a waste of Money..That's over $250,000 right
there to house just one pot smoker! for 5 years
and how many thousands of people are in Jail
just for Pot?

and they go in and out of Jail over and over again!

Let's legalize it and Tax it. That right there would
save Billions Nation wide and it would let the Police
have more time to do better things..

Having studied/practiced sociology and criminal justice its sickening that in some cases drug dealers get longer sentences than rapists and child molesters.