Oct. 24: Stock Market Crash

[ralok_j]

I don't think the gubmint has the funds to steer the market. I do know there was a few late trades by mutual fund companies, which will move the market.

[mmerlinn]

Originally Posted by ralok_j

I don't think the gubmint has the funds to steer the market. I do know there was a few late trades by mutual fund companies, which will move the market.

They don't. But they do control the printing presses. And the 700 billion bailout money (now well over 1 trillion) had to come from somewhere outside of the budget. Eventually we will know.

[Steve_A]

Hi ralok_j,

I can now confirm mmerlin and my suspicions about how the Government secretly puts money into the stock market to prop it up.

It was confirmed to me by George Green in his latest online conference, it's just that I didn't know the name of the group he mentioned.

It's called the Plunge Committee. You can read about it at these links:

http://www.gata.org/node/4462

http://www.larouchepac.com/news/2007...democrats.html

http://www.larouchepub.com/pr/2007/0..._hearings.html

Best regards,

Steve

Originally Posted by ralok_j

Are you stating that the government is printing money and secretly buying stocks or did I miss your point?




Can you share how you extrapolated this inflation figure?

[ralok_j]

Originally Posted by Steve_A

Hi ralok_j,

I can now confirm mmerlin and my suspicions about how the Government secretly puts money into the stock market to prop it up.

It was confirmed to me by George Green in his latest online conference, it's just that I didn't know the name of the group he mentioned.

It's called the Plunge Committee. You can read about it at these links:

http://www.gata.org/node/4462

http://www.larouchepac.com/news/2007...democrats.html

http://www.larouchepub.com/pr/2007/0..._hearings.html

Best regards,

Steve

Amazing! I listened to the recorded call yesterday and when he mentioned the Plunge I immediately thought about this thread. Let us see what else we can dig up on this. One thing I do find puzzling is this:

A protracted downturn could bode ill for presumptive Republican nominee John McCain, whom Democrats have been trying to taint with allegiance to polices of fellow Republican Bush.

http://www.reuters.com/article/ousiv...46284420080315

[Pinktip]

It's called PPT, Plunge Protection Team

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

[Steve_A]

Hi ralok_j,

The story from the newspaper which was written in March of this year, said that everybody recognizd the fact that the economy was going to be in trouble as the opposition was trying to put McCain on the same page as Bush.

It's ironic that the public evidence of the downturn occurred a couple of weeks before the elections. The bourse on Wall Street had to be helped to try and hide what everybody knew until after the election. Consequently, after the election, the Dow dropped nearly 10% in two days and the initial 'bailout package' is almost all gone.

We've just seen the unemployment figures come out, Ford is sending home 10% of its' white collar staff..... let the fun begin...

It's important for everyone to remember that this problem was caused a long time ago. You can mark my words. In January when things are worse, the public will think that it's Obamas' fault.

Between you and me, just a question.

Could it be that Obama was set up to be the 'fall guy'? After all, the private sector didn't help in McCains campaign, he used public funds and Obama managed to raise from the public AND big business the largest amount ever for a political campaign.

This could be worth looking out for...

Best regards,

Steve

Originally Posted by ralok_j

Amazing! I listened to the recorded call yesterday and when he mentioned the Plunge I immediately thought about this thread. Let us see what else we can dig up on this. One thing I do find puzzling is this:



http://www.reuters.com/article/ousiv...46284420080315

[ralok_j]

Originally Posted by Steve_A

Hi ralok_j,

The story from the newspaper which was written in March of this year, said that everybody recognizd the fact that the economy was going to be in trouble as the opposition was trying to put McCain on the same page as Bush.

It's ironic that the public evidence of the downturn occurred a couple of weeks before the elections. The bourse on Wall Street had to be helped to try and hide what everybody knew until after the election. Consequently, after the election, the Dow dropped nearly 10% in two days and the initial 'bailout package' is almost all gone.

We've just seen the unemployment figures come out, Ford is sending home 10% of its' white collar staff..... let the fun begin...

It's important for everyone to remember that this problem was caused a long time ago. You can mark my words. In January when things are worse, the public will think that it's Obamas' fault.

Between you and me, just a question.

Could it be that Obama was set up to be the 'fall guy'? After all, the private sector didn't help in McCains campaign, he used public funds and Obama managed to raise from the public AND big business the largest amount ever for a political campaign.

This could be worth looking out for...

Best regards,

Steve

Funny you throw the thought out there about Obama being the fall guy. First, let me state that I did not vote for Obama and was against a few things he was promising in his campaign. Now, with that said:

For a few weeks I believed Obama would win. Yes, he is a passionate speaker. But I also sensed that McCain appeared to given up around mid October. My belief is that McCain realized that the global economy is heading towards failure and it wouldn't matter who is in the White House because that person will be viewed as the cause.

Now, I hope I'm wrong. I seriously hope that Obama makes the right decisions to avoid a failure of our economic system. I actually feel bad for him because he is taking office during one of worst economic cycles.

[ralok_j]

Interesting.

http://www.youtube.com/watch?v=V-qufOWDawU

[eugene_vn]

I have to agree with mmerlinn on this one - the only reasonable explanation for the October 24 event was a massive intervention by Bush's PPT (Plunge Protection Team). A glance at the recent intraday Dow levels (http://bigcharts.marketwatch.com/qui...freq=7&time=18) shows that 8200 has acted as a price floor for the past couple of weeks. While it's not unusual for the Dow to consistently bounce off the same general level, when all the technical, momentum, and fundamental indicators pointed (way) down like on Oct 24 and 8200 still supported prices, it quickly took on the characteristics of a mandated level below which prices would not be allowed to fall.

Ironically, had the market been allowed to turn down hard on Oct 24, it would have quickly rallied back into the 9000-10,000 range anyway. So it's not all that unusual to be sitting at 9200 at the Thursday close. However, the price to pay for the PPT intervention is going to be (as mmerlinn suggests) an even greater devaluation of the dollar and an even deeper real bottom when the PPT finally allows the market to crash (or loses its ability to intervene further).

There is a good video at http://www.youtube.com/watch?v=I5oCPcB3Z-8 which shows the historical "real" value of the Dow (i.e. priced in ounces of gold), which is one way of peeling away the machinations of the Fed in terms of devaluing the dollar in order to make the stock market "appear" to be rising based on higher nominal values of the Dow. According to this analysis (by Robert Prechter - www.elliottwave.com), we have probably only seen around a third of the bear market that is still unfolding.

One things to look for in Friday's trading is that it appears the market may be tracing out a "head and shoulders" pattern at the 9100-9200 level. According to classical technical analysis, if prices fall below the right shoulder, they should go way, way down. With the PPT still active it's hard to know whether normal market forces will be allowed to prevail. We will see. . .

[Antztudio]

Just wondering how you feel now that Oct 24th came.....and went....And NO crash

[dagon]

just wanted to bump this to the top for the people. WAKE UP!!!

[TAXMASTER]

just keep in mind that 5 out of the top 7 percentage gains on the dow occurred during the great depression. we are going to see wild gains and losses until a bottom is reached.

Namaste'

[eugene_vn]

According to Elliott Wave analysis, the stock market is due to reach a temporary bottom some time this coming week (at around Dow 6800-7200). The next few months should be a volatile climb back into the 9000-10,000 area.

Following that, though, is where things will get very interesting. The whole time frame from around Obama's oath of office to summer 2009 should see the biggest slide to date in the world stock markets. The U.S. Dow is likely to reach new lows in the 3000-4000 area by summer, and that timing happens to line up with the many reports coming in that the US dollar will be scrapped for a new currency also in the summer months.

Hopefully the winter bounce in the stock market will allow anyone who has yet to liquidate their retirement plan (which will be vaporized by summer 2009) to do so at a decent value and exchange it for useful commodities such as food, water, emergency power, shelter, gold & silver, etc.

[Humble Janitor]

Originally Posted by hueyii

I predict that it will snow in the northeast united states in the next 30 days. Get your warm clothes out of the mothballs!

Here's something that I don't mind.

[malakai]

Ok people,
Lets all sit down be quiet for a moment and think why we are here at this forum.
First and most important is preparation for the our bleak future.
There is no point in bickering about the stock market as the NWO have their plans in place and there is nothing you can do about it.
We should all be talking about planning and preparation not about things that are out of our hands.
It isn't just this thread either, its all the other threads too.
Nothing is happening, all I see is talk and no one asking about how to build this , were to get these supplies etc, etc.
Maybe everyone has all their **** in place and don't need anything.
When Bill and Kerry opened this forum I was exited to swap ideas and help others in anyway I could.
But this forum is very disappointing and has no purpose at all.
If this is the ground crew that is supposed to be awakened and ready then I think I am probably be one of the few left.
I see dead people every day and now I think they are also chatting on this forum too, which is a pitty.
Don't waist you time here if you are not preparing, go on holiday and enjoy your life while you still have one.
Didn't wish to sound to negative but hey I think you needed to hear it.
Peace be with you all

[Swanny]

Originally Posted by malakai

Ok people,
Lets all sit down be quiet for a moment and think why we are here at this forum.
First and most important is preparation for the our bleak future.
There is no point in bickering about the stock market as the NWO have their plans in place and there is nothing you can do about it.
We should all be talking about planning and preparation not about things that are out of our hands.
It isn't just this thread either, its all the other threads too.
Nothing is happening, all I see is talk and no one asking about how to build this , were to get these supplies etc, etc.
Maybe everyone has all their **** in place and don't need anything.
When Bill and Kerry opened this forum I was exited to swap ideas and help others in anyway I could.
But this forum is very disappointing and has no purpose at all.
If this is the ground crew that is supposed to be awakened and ready then I think I am probably be one of the few left.
I see dead people every day and now I think they are also chatting on this forum too, which is a pitty.
Don't waist you time here if you are not preparing, go on holiday and enjoy your life while you still have one.
Didn't wish to sound to negative but hey I think you needed to hear it.
Peace be with you all

I think your wrong, I have found this forum very helpful and have learned a lot in the few weeks I've been here.
There is more to our lives than making physical preparations for the coming days, we also need emotional support and have spiritual needs. Great to be around people on the same wavelength.
Hopefully I have been of help in one way or another.

Thx everyone

[ctophil]

Originally Posted by Swanny

I think your wrong, I have found this forum very helpful and have learned a lot in the few weeks I've been here.
There is more to our lives than making physical preparations for the coming days, we also need emotional support and have spiritual needs. Great to be around people on the same wavelength.
Hopefully I have been of help in one way or another.

Thx everyone

I agree, Swanny. I find the Avalon forums very interesting (Camelot too for its great whistleblower interviews). The people here on Avalon updates me continuously throughout the day on breaking news (alternative and mainstream) and some "enlightened" opinions that have helped me prepared spiritually and physically for this extremely tough crisis we are going through for the next 3 - 4 years. And I can't thank you all enough!

-Phillip

[LOCOAZ2008]

READ AND THINK!!!!!

Fears of Lehman's CDS derivatives haunt markets
It is a full week after bankers gathered in New York to start sorting out the derivatives mess left by the bankruptcy of Lehman Brothers. We still do not know who is on the hook for some $360bn of default insurance, or how much they will have to pay.

Those on the wrong side of these Lehman debt contracts - known as credit default swaps (CDS) - must come up with the money by Tuesday, the next D-Day in the ever-fraught calendar of the credit markets. There has been a deafening silence so far.

http://jsmineset.com/


http://www.marketwatch.com/news/story/gold-falls-4-one-month-low/story.aspx?guid={E0D556D0-8E0F-4F20-B571-725EA55BCB85}&dist=msr_1

no doubt some of that will be used to pay off Lehman-related instruments which come due on it's either the 21st or 24th....24th I think it is.

DO YOU SEE WHY DE 24.......

[Xhaosis]

predictions, are just guesses.. dreams, or even better, trying to feel deeper and more alive, in this reality that is so hollow in the flow of the mainstream, of this world we have been taught to believe. One thing or another, I have learned is just reveling in all of this. Just as Oct. 14th came to pass, with nothing, I believe their is no human being alive right now, that can tell me what is going to happen. Now as far as reading between the lines, you can read one of many things, you can see a calamity of humanity coming, you can see suffering and even war. Once the haves and have not arise we will have a big imbalance, and their will be fighting for the things that are available for survival. Just as I understand now, the money I have now is worth much more then it was just a year ago.. As far as predictions, I think those are a fools parody If you are giving divine wisdom, I suggest you keep it to yourself. Instead of spreading the great conclusion work on meditation and preparation for the things to come.. Either way nine times out of ten, people won't listen anyhow.

PEACE

[Brinty]

For those folk who have never experienced the exhilaration of a rapidly dropping stock market, here is a rather graphic picture that portrays the exact feeling.

[Knightbk]

Originally Posted by Xhaosis

predictions, are just guesses.. dreams, or even better, trying to feel deeper and more alive, in this reality that is so hollow in the flow of the mainstream, of this world we have been taught to believe. One thing or another, I have learned is just reveling in all of this. Just as Oct. 14th came to pass, with nothing, I believe their is no human being alive right now, that can tell me what is going to happen. Now as far as reading between the lines, you can read one of many things, you can see a calamity of humanity coming, you can see suffering and even war. Once the haves and have not arise we will have a big imbalance, and their will be fighting for the things that are available for survival. Just as I understand now, the money I have now is worth much more then it was just a year ago.. As far as predictions, I think those are a fools parody If you are giving divine wisdom, I suggest you keep it to yourself. Instead of spreading the great conclusion work on meditation and preparation for the things to come.. Either way nine times out of ten, people won't listen anyhow.

PEACE

I agree 100%.



As I posted on another thread, my Grandpa who is 90+ and lived through World War 2, the Great Depression, economic collapses in Europe, etc, etc told me that when he was growing up and living his life, there were people predicting the end of everything, on an almost daily basis and they had REAL problems back then.

He saw a german blow his brothers brains out and he saw plenty of other people killed and hung, and oh ya, they were near the point of starvation but never starved, despite Germans and Italians keeping food out of their hands and killing people who broke those laws.

People think they have "problems" these days because their 401 lost some money or they have to wait 12 years instead of 8 to buy a new car or their home lost fake value and they freak out. Go to a third world country and see what reality is.

I am not saying that things wont get worse, but the simple fact is, they may bottom out and then get much better.

Nobody knows EITHER way and analysts are only good at predicting the past after it happens I notice.

[malakai]

well I am glad for you that you have got the emotional support you need to face the coming days.
Now check them emotions at the door and start preparing phisically because time is running out and you don't want to be left with all the other chickens running around with no head on when all hell starts to break loose.
If you still think I am wrong, then unfortunatly you are a lost cause.
If you ain't a survivalist then you shouldn't be here, there are lots of other forums that will take care of all your emotional needs.
Peace and love to you all

Originally Posted by Swanny

I think your wrong, I have found this forum very helpful and have learned a lot in the few weeks I've been here.
There is more to our lives than making physical preparations for the coming days, we also need emotional support and have spiritual needs. Great to be around people on the same wavelength.
Hopefully I have been of help in one way or another.

Thx everyone

[Swanny]

Originally Posted by malakai

well I am glad for you that you have got the emotional support you need to face the coming days.
Now check them emotions at the door and start preparing phisically because time is running out and you don't want to be left with all the other chickens running around with no head on when all hell starts to break loose.
If you still think I am wrong, then unfortunatly you are a lost cause.
If you ain't a survivalist then you shouldn't be here, there are lots of other forums that will take care of all your emotional needs.
Peace and love to you all

I didn't say I haven't made physical preperations, I have but there are also other forms of support here, you will need it all if the SHTF
I will survive long enough to serve my purpose, maybe all the way to the other side.

[mmerlinn]

Originally Posted by ctophil

Hey everyone,

I know some of you don't like date predictions; but this guy from the Prophecy Talk forum has been pretty much flawless about the stock markets. He makes a great case with comparisons from past market crashes since 1929. Check the thread here and read up on his prediction of an Oct. 24, 2008 Stock Market Crash months ago. Check it out: http://www.prophecytalk.com/index.php?topic=5109.0

Oct. 24 is Black Friday as he calls it. We will see what happens next Friday! Note: He did mention that it may be the following Monday or Tuesday at the latest. So don't start pounding him if Black Friday isn't the lowest drop in a century.

-Phillip

We will see very shortly how accurate this assessment I made last July is correct. And ANYONE who did the same research and applied it could have made the same prediction.

Originally Posted by ralok_j

Isn't he off by a few weeks? Last week was black Monday, Tuesday, Wednsday, Thursday, Friday.

Actually, tomorrow is supposed to be a down day.

The prelude before the storm.

Originally Posted by pineal-pilot-in merkabah

http://www.prisonplanet.com/dow-jone...1929-rout.html

Thanks for the support.

Originally Posted by Ampgod

Let's stop this "Prophecy" nonsense!
I'd refrain from any specific dates. Nobody knows when exactly things will happen. It is strictly speculation.

We are all watching what is happening closely and will know when or if it happens.

Peace,
Ampgod

Obviously you never took the time to read my post. If you had, you would not have said, "It is strictly speculation."

No one is asking you to believe.

Originally Posted by kopenhagen

supposedly it's true, are you selling all your stocks now?

I have been buying puts at the tops and selling them at the lows. Currently bought one S&P put yesterday and have order in to sell it tomorrow near the projected low. If I am correct, I will sell it at over 10 times more than I paid for it. BTW, my current guess for S&P low is about 650 vs the 912 now.

In other words, I am putting my money where my mouth is. Are any of my critics here putting their money where their mouth is???

Originally Posted by Truth voice 2012

Not that im into prophecies or anything (Although I was hopeful that maybe something might occur Oct 14th) but I thought of the Half past human web-bot when I read this. If the Bible is the most common book on earth and widely available, Maybe the web bot spiders were picking up bible references from the net along with the bibles description of future events. Oct 1th - 7st 2008 is pretty good accuracy. The "release language" they found could be references in the bible to this "Great Tribulation" and our current timeline resembling bible descriptions of end times. Ive seen some of this bible stuff myself and its really accurate.

...

I think IF s*&t hits the fan it wont matter what you have invested and when to take it out. Money will be the last thing on our minds when we switch to survival mode.

Most of the research I did to make the Bible post was accumulated over a period of 40 years. Until April 2005 I was not able to put it together to make any sense whatsoever. What I have posted 3 months ago was mainly put together on 21 April 2005 and fleshed out in July when I posted them at these links.

Originally Posted by Swanny

I cant understand/believe that gordon brown sold all our gold when the price was really low

Ditto when Australia dumped their gold years ago.

Originally Posted by Knightbk

Are people asleep?
The stock market has already crashed.

A "crash" doesn't mean that it goes from X to 0, it just means that a large amount of wealth is lost, and that has already happened, at a greater degree overall than the Great Depression.

China and Russia are already both off by 50% and North America (TST, DOW) are off 35-40%.

The DOW doesn't need to go down any further to cause calamity because it ALREADY crashed and the consequences of that will be filter down to Main Street in greater number next year.

So this entire prophecy of a new "market crash" is really just a bunch of bs, because it already crashed. A few more points is irrelevant.

Just because a market is down 40% does not mean we have had a crash. A crash is when people are trying to get out of the market at ANY price, in other words a PANIC. We have not had a panic yet in this downdraft. I expect one tomorrow. We will see how close I am. For estimated numbers go back and read the followups to my original post.

And there is NOTHING 'new' about this prediction. Go read the original link and PAY PARTICULAR ATTENTION TO WHEN IT WAS POSTED. Then show me ANYONE ELSE at the SAME time OR BEFORE that made the same prognosis. Also note that I have said that I could have posted it as early as [21] April 2005, but did not - I know that is unprovable, but still true.

Originally Posted by Knightbk

It wont go down much lower. 5000 or so max, which is already a calamity.

You may be correct, but 6000 or so TOMORROW from 8600 today WOULD be a calamity.

Originally Posted by CosmicFever

Prophecy (pra-fo-see) An event or events that two or more people agree on ahead of time.

Self Fullfilled Prophecy: One or more nuts decide to make something happen because a bunch of people believe it will take place.

peace,
julie

ROFLOL.

Originally Posted by CosmicFever

The name of this thread, "Oct. 24: Stock Market Crash", is obviously dealing with both a date in the future and an event that hasn't occured yet. The title alone implies that there could possibly be some prophesy and/or predictions in the content. Perhaps if one is uncomfortable with that they should skip it and move on to another topic.

peace,
julie

Very good point.

Originally Posted by Xhaosis

predictions, are just guesses.. dreams, or even better, ...

Either way nine times out of ten, people won't listen anyhow.

PEACE

Most predictions are pulled out of a magician's hat, rabbit and all. Mine was not. It is the result of research and believing that history repeats itself. Does that make it correct? Of course not. But predictions based on fact can be correct a high percentage of the time, whereas other predictions have the statistical odds against them so high that they seldom come true.

More like 99,999 out of 100,000 times or worse that people ignore.

Originally Posted by Knightbk

Nobody knows EITHER way and analysts are only good at predicting the past after it happens I notice.

By definition analysts analyze AFTER THE FACT. They would not be analysts if they could predict the future.

**************

In a few hours, or days at most, we will see if the research and application of it again holds up under the scrutiny of real life.

[Sarahmay]

Mmerlin, very interesting about your prediction. I won't be too surprised if it happens...but I also wouldn't be surprised at a slower downturn. Either way, down it will go....