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Daily Doom

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    Daily Doom

    http://www.nytimes.com/2010/07/04/yo...stra.html?_r=2

    The Dow, which now stands at 9,686.48, is likely to fall well below 1,000 over perhaps five or six years as a grand market cycle comes to an end.

    Buy-and-hold stock investors will be devastated in a crash much worse than the declines of 2008 and early 2009 or the worst years of the Great Depression or the Panic of 1873, he predicted.

    For a rough parallel, he said, go all the way back to England and the collapse of the South Sea Bubble in 1720, a crash that deterred people “from buying stocks for 100 years,” he said. This time, he said, “If I’m right, it will be such a shock that people will be telling their grandkids many years from now, ‘Don’t touch stocks.’ ”



    Time for Beans and guns!

    Doomed!

    #2
    I like beans.
    While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'

    Comment


      #3
      I like guns. Can't wait.

      Comment


        #4
        I like Daily Doom! Thanks

        Comment


          #5
          I wont say "I told you so"....



          ....ok, I TOLD YOU SO.
          'Orwell's 1984 was supposed to be a warning, not an instruction manual'. -
          Nick Pickles, director of Big Brother Watch.

          Comment


            #6
            With the US trapped in depression, this really is starting to feel like 1932

            Hmm, maybe time to resuscitate my doom .sig.

            Work in the public sector? Read the IR35 FAQ here

            Comment


              #7
              Originally posted by Platypus View Post
              I like Daily Doom! Thanks
              WHS
              Doom has been somewhat lacking of late. I'll put the kettle on.
              +50 Xeno Geek Points
              Come back Toolpusher, scotspine, Voodooflux. Pogle
              As for the rest of you - DILLIGAF

              Purveyor of fine quality smut since 2005

              CUK Olympic University Challenge Champions 2010/2012

              Comment


                #8
                Originally posted by DimPrawn View Post
                http://www.nytimes.com/2010/07/04/yo...stra.html?_r=2

                The Dow, which now stands at 9,686.48, is likely to fall well below 1,000 over perhaps five or six years as a grand market cycle comes to an end.

                Buy-and-hold stock investors will be devastated in a crash much worse than the declines of 2008 and early 2009 or the worst years of the Great Depression or the Panic of 1873, he predicted.

                For a rough parallel, he said, go all the way back to England and the collapse of the South Sea Bubble in 1720, a crash that deterred people “from buying stocks for 100 years,” he said. This time, he said, “If I’m right, it will be such a shock that people will be telling their grandkids many years from now, ‘Don’t touch stocks.’ ”



                Time for Beans and guns!

                Doomed!
                1000! Don't take tulipe prawn. 500 at worst.

                ******* amateur.
                What happens in General, stays in General.
                You know what they say about assumptions!

                Comment


                  #9
                  how does this affect the much coveted BP shares

                  PS The tin foil hat site (and me for that matter) have been predicting this for a couple of years now.
                  Knock first as I might be balancing my chakras.

                  Comment


                    #10
                    Looks like a Monte Carlo fallacy to me. He's saying, basically, that the next five cards will be red because there´s been a long line of red ones.
                    And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014

                    Comment

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