Tuesday, July 12, 2011

071211.14.5--Message for Today: 1929

I picked up this message almost over a week ago, June 29 to be exact, but I didn't post it because I thought the message is happening already.  But when I saw the Stock Market data yesterday, particularly DJI's, that says "151.44"--I was mesmerized, and thought "my God!"--And then the world stock market's figures from today echoed the sell-off, I thought there is more serious than this.  So I'll just lay it out here: "I hope we won't be experiencing another 1929 Great Depression, or Worse ... because I saw it's developing already..."


Anonymous said...

Harry Dent: “Major Crash” Coming for Stocks, Commodities Already Topping Out

Daily Ticker – Thu, Mar 31, 2011 1:07 AM EDT

The first quarter comes to a close today with major averages at or near multi-year highs. Expect "substantial" further gains for stocks before a "major top" occurs in late summer, says noted forecaster Harry Dent, founder of HS Dent and The Dent Method.

The good news, for those long, is Dent predicts the Dow will trade as high as 13,200 by mid-summer and the S&P 500 as high as 1430, or more-than 7% above current levels. The bad news is "then we could see another major crash," Dent says, forecasting the Dow could trade as low as 3300 in a worst-case scenario. "Bubbles go back to where they started or a little lower," he says. "The stock market bubble started at (Dow) 3800 in late 1994."


Anonymous said...

Stocks plunge -- Dow posts 6th-biggest point loss

Dow loses 634, its sixth-biggest decline, as worried investors flee stocks around the world

Paul Wiseman, AP Economics Writer, On Monday August 8, 2011, 10:32 pm EDT

The stock market buckled Monday under the weight of a crisis in Europe and danger of recession at home. Reeling from a downgrade of American debt, the Dow Jones industrials plunged 634 points.

It was the worst day for the market since the financial crisis in the fall of 2008 and extended Wall Street's sudden, sharp decline. Stocks have lost 15 percent of their value in just two and a half weeks.

Monday was the first trading day since Standard and Poor's downgraded the United States' risk-free credit rating, and the selling started at the opening bell. The Dow dropped 250 points in minutes. For the rest of the day, investors looked for safer places for their money. With few buyers left for stocks, the market could only drift lower.

The Dow finished the day down 5.5 percent. The point decline was the worst since Dec. 1, 2008, and the sixth-steepest ever. The average ended at 10,809.85, its first close under 11,000 since November.