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Stock market crash in 2010?
Could the Stock Market Crash in 2010? (May 14, 2010)
This is a bit of the article. Link here: http://www.oftwominds.com/blogmay10/market-crash2010-05-10.html
But the reality was different: the U.S. economy and stock market were both riddled by fundamental problems which had been masked by the Bull market euphoria.
"There seems little question that in 1929, modifying a famous cliche, the economy was fundamentally unsound. This is a circumstance of first-rate importance. Many things were wrong, but five weaknesses seem to have had an especially intimate bearing on the ensuing disaster. They are:
1. The bad distribution of income.
2. The bad corporate structure.
3. The bad banking structure.
4. The dubious state of the foreign balance.
5. The poor state of economic intelligence.
"Had the economy been fundamentally sound in 1929 the effect of the great stock market crash might have been small. Alternatively, the shock to confidence and the lost of spending by those who were caught in the market might soon have worn off. But business in 1929 was not sound; on the contrary it was exceedingly fragile. It was vulnerable to the kind of blow it received from Wall Street."
This seems off to me for one reason - the classic mistake of believing that the crash of 1929 was “The Crash” it was not. It was the crash, or rather unrelenting slide of 1933 that really told the tale. We had the crash of 29 in 08. That means the next slide is in 2012!!
Yes, some things were done differently this time, but the situation is worse and more global. Does the world end in 2012? No, but the world as we know it does!
Print
If the crash doesn't begin until 2012, I'll lose my mind by the end of 2010!
How are you positioning, or preparing to position yourself for a crash Jeff?
My battle plan will be, long DXY, short SLV, long QID, DXD, and SDX, some cash, and acquire physical Au after any deleveraging occurs. Can you tell that I've fallen in love with the leveraged inverse ETF's? 
The Matrix is a system, Neo. That system is our enemy. But when you're inside, you look around, what do you see? Businessmen, teachers, lawyers, carpenters. The very minds of the people we are trying to save. But until we do, these people are still a part of that system and that makes them our enemy. You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it.~ Morpheus
Located in Ft. Lauderdale, FL. PM me.
How are you positioning, or preparing to position yourself for a crash Jeff?
Hey Morph,
I'm think that I might find myself in this position during the crash, lol
Captain Sheeple
Yes and more importantly, before the elections. The euro will disentigrate and drag us down.
If the crash doesn't begin until 2012, I'll lose my mind by the end of 2010!
Captain Sheeple