“Major Crash” Coming for Stocks, Commodities Already Topping Out
goingbroke
Posts: 1,410
While Dent predicts the Dow's crash will play out over several years, he sees clear and present danger in gold, silver, oil and other commodities. "All investors should lighten up on or sell oil, silver, and gold as the U.S. dollar looks like it has bottomed and should rise ahead," he writes in the March issue of HS Dent Forecast.
we could see another major crash
we could see another major crash
Many successful BST transactions ajia
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Comments
<< <i>There's no doubt that "predicting" the future of all this is generally and basically tied to the November 2012 election - predict that and the rest can be somewhat accurately predicted. . >>
Deficit spending has taken place under both parties leadership. Add to that the fact that we are in a hole that we can't really climb out of.
<< <i>
<< <i>There's no doubt that "predicting" the future of all this is generally and basically tied to the November 2012 election - predict that and the rest can be somewhat accurately predicted. . >>
Deficit spending has taken place under both parties leadership. Add to that the fact that we are in a hole that we can't really climb out of. >>
Point taken but I gotta disagree...and the solutions are simple, but unfortunately not always politically simple.
Firstly we can become virtually energy independent by stopping the liberal fantasy nonsense that "green energy" can take over other forms of energy in the near future and satisfy our energy needs - it isn't even close. We should "Drill Baby Drill" as much as possible, as well as unleash coal and natural gas exploration and processing, and also build more nuclear power plants. This alone would go a long way to creating millions of good, high paying jobs, and adding much tax revenue to the government to eventually payoff the deficit.
I'm gonna end my post here...if the politicians don't have the wisdom and courage to at least do this mentioned obvious benefit to America, and the American electorate doesn't have the brains to elect leaders that promise opportunities and not handouts, then the rest doesn't really matter anyway...we will become Greece, and perhaps worse.
<< <i>While Dent predicts the Dow's crash will play out over several years, he sees clear and present danger in gold, ] >>
And George Soros sold his GLD when gold was at 1400/oz. Now that gold is at 1630/oz, I wonder how that trade is working
out for Soros
If the powerful Mr. Soros couldn't put a "dent" in the rise of the gold price, then I doubt Mr. Dent will put a dent in it either.
hard assets toward new highs. There hasn't been a shortage of analysts calling for another crash. Seems they come out of the woodwork about every few months.
Eventually they get the call right after repetitive misses.
This article/video is from March 31st. At that time gold was $1425 and getting wound up to breakout to new all time highs.
roadrunner
<< <i>The other alternative to a "major crash" is just a viable. The dollar could be gearing up to crater to new all time lows into the fall, which would then push commodities and other
hard assets toward new highs. There hasn't been a shortage of analysts calling for another crash. Seems they come out of the woodwork about every few months. >>
Stocks could also fly under a weak dollar as well.
<< <i>
<< <i>While Dent predicts the Dow's crash will play out over several years, he sees clear and present danger in gold, ] >>
And George Soros sold his GLD when gold was at 1400/oz. Now that gold is at 1630/oz, I wonder how that trade is working
out for Soros
If the powerful Mr. Soros couldn't put a "dent" in the rise of the gold price, then I doubt Mr. Dent will put a dent in it either. >>
Soros also unloaded a boatload of miners at the time, Novagold being one of them. Some of them fell back a long ways since
he shed those positions. But would agree that selling his GLD position was a mistake....unless...he finally realized the potential
risks in paper gold and moved that money into physical as David Einhorn (Greenlight Capital) did a few years earlier. Soros
also could have re-entered the market during the May bottoms when gold was back into the $1400's.
roadrunner
<< <i>Gold was at 1400 when Dent wrote that in March. Good call Mr. Dent, good call. >>
Give an infinite amount of professional forecasters, an infinite amount of keyboards, and sooner or later one of them will make a correct prediction.
<< <i>QE3 to the rescue!
My tagline says it all.
<< <i>
But would agree that selling his GLD position was a mistake....unless...he finally realized the potential
risks in paper gold and moved that money into physical as David Einhorn (Greenlight Capital) did a few years earlier. Soros
also could have re-entered the market during the May bottoms when gold was back into the $1400's.
roadrunner >>
My guess is that he either bought physical, or re-entered as well. These guys are always saying one thing out of one mouth, and
doing something different out of the other.
*Phase 1. From late 2006 to late 2008, shift increasingly from stocks into long-term treasury or very high quality corporate bonds.
Phase 2. From 2009 to 2010, or after the first serious US and global stock correction, shift 20-40 percent of your bond portfolio into Japanese stocks and perhaps some European.
Phase 3. From 2015 to 2023 look for great long-term buying opportunities in stocks and real estate. Focus on exurban real estate, emerging countries globally, and smalls caps in the US.
Phase 4. From 2020 to 2023 on, start moving back into a classic portfolio of, say, 30% larger caps, 20% small caps, 10% real estate, 30% international, and 10% bonds for the next long-term bull markets.
* Dent's target to sell stocks are in the range of 21,500 to 30,000 depending on which channel was entered.
edt4sp
<< <i>
<< <i>QE3 to the rescue!
My tagline says it all.
I doubt it. The FED pumped over 3 trillion into the economy over the past two years with 'QE' as a way to jump start the economy, which clearly has not happened. Even with interest rates at close to 0%, the past two years since 'QE' GDP has grown less than 1% total according to the new revisions just out and unemployment remains high. The debt saturation point has been hit and no matter how much more 'QE' the FED initiates, it will not result in economic growth, just inflation from the debasement of the currency. What 'QE' did accomplish was ramp up equity and commodity prices.
<< <i>No matter what, the bankers win. By hook or by DC bailout crook. >>
good old banksters strike again
freeze dried blintz,bottled vodka and frozen Knish.
Camelot
up and down, but the end of the world will not happen, at least, not right away.
Camelot
I knew it would happen.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
When I stop hearing these cries, it will mean that that everyone and Joe public is on the gold bandwagon. And I'll be hopping off.
Giant here has them on sale for $2.49. Love borscht.
Box of 20
He's had an incredible run of predicting the markets for 10 years now.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>I am investing all my money, in bottled borscht,
freeze dried blintz,bottled vodka and frozen Knish. >>
Very smart comrade bearski.
is necessarily good for business. Particularly small and mid size
business where most all of the jobs in this Nation are being produced.
When we are in a severe and prolonged downturn, high unemployment
and lack of money supporting the economy can not be good for business
or the Nation. I think Tea Party Folks are good people and they are
certainly well intentioned, but I have this feeling that they are, in some
way, being manipulated by forces not sharing their love of Country. Something
just feels very wrong and I can not put my finger on it. If I could ,
then the name Kotch Brothers might come up.
Camelot
If it wasn't this week, it would have occurred eventually.
roadrunner
<< <i>I do not believe that the Tea Party Mantra of balanced budget
is necessarily good for business. Particularly small and mid size
business where most all of the jobs in this Nation are being produced.
When we are in a severe and prolonged downturn, high unemployment
and lack of money supporting the economy can not be good for business
or the Nation. I think Tea Party Folks are good people and they are
certainly well intentioned, but I have this feeling that they are, in some
way, being manipulated by forces not sharing their love of Country. Something
just feels very wrong and I can not put my finger on it. If I could ,
then the name Kotch Brothers might come up. >>
Tea Party ideas are absolutely good for business...in fact, great for business. And please don't be concerned about Tea Party members being manipulated...the Tea Party is probably the least manipulated large group in our nation's history. No sense making this a long post about the Tea Party...that info can be found on other websites throughout the internet.
Suffice to say that in my viewpoint, when Tea Party ideas come to fruition, there will be a new era in America, with tremendous growth and opportunity for all, and not just those who you think may be manipulating the Tea Party. Of course there are those out there who would like to manipulate the Tea Party, and will try to manipulate the Tea Party, but I just don't see that happening based on the common sense and truthful ideas the Tea Party brings to the table.
The Tea Party doesn't bring vague slogans to the table such as "Hope and Change" or any other political type slogan which can be interpreted countless ways - the Tea Party brings the stone cold facts to the table, and offers concrete solutions to deal with the problems facing our country.
and volatile atmosphere. The strength of never admitting error, is not a strength
but a weakness. Absolutism in any form tends to lead to disaster. I truly wish that
there was an absolutely correct plan of action, but it would appear that we are following
the same missteps of balanced budgets, that deepened and lengthened the great depression.
I should know, I was there. However, to each their own. While I am of the opinion that you
and the TB Party are wrong, carry on an , for better or for worse, we shall see what history
records as the truth.
Camelot
<< <i>Everytime the OP posts a negative silver/gold comment or link they seem to go up. Keep up the good work. MJ >>
Not this time! SORRY
(x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
mariner67, and Mikes coins
<< <i>See that is the problem. Absolute, free from doubt plan of action in an uncertain
and volatile atmosphere. The strength of never admitting error, is not a strength
but a weakness. Absolutism in any form tends to lead to disaster. I truly wish that
there was an absolutely correct plan of action, but it would appear that we are following
the same missteps of balanced budgets, that deepened and lengthened the great depression.
I should know, I was there. However, to each their own. While I am of the opinion that you
and the TB Party are wrong, carry on an , for better or for worse, we shall see what history
records as the truth. >>
Points understood - I don't fault ya one bit for being skeptical.
<< <i>
<< <i>Everytime the OP posts a negative silver/gold comment or link they seem to go up. Keep up the good work. MJ >>
Not this time! SORRY[/q
So gold and silver have topped out? I just want to get this straight..............MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Box of 20
Experience the World through Numismatics...it's more than you can imagine.
<< <i>The downgrade of US Debt could have some very unusual consequenses in terms of defining safe haven >>
Rates should go up so it won't be good for stocks and normally not good for gold but this is not normal.
If losing you job, has not caused you to lose your bed, if losing a big hunk of your 401K
has not broken your heart. I guess, that their is no truly safe haven to run to, unless it
is a fund invested soley in Swiss Francs. We are just going to have to hang on, like we did
from 1929 thru 1941. Finally, the big bad wolf, has blown down our financial houses of straw.
Hoovervills, soup kitchens, mounted police breaking up civil disturbances with batons and cheap
flop houses may again be come popular. Houses of worship will open their doors to the homeless
and the rich and powerful, will party on, as if nothing is amiss. For them everything is as it
should be, always was and always will be. More is the pity. 70 years of progress, shredded like so
much paper confetti.
Camelot