The black Monday 1987 came at this time about the same date. This was not expected by anyone but a very few unknown analysts. It was an enormous crash. In the small country of Sweden there were many suicides already the first day. In the US thousands of traders went bankrupt within a few hours. Can it happen again ?
Now we have a situation where no trader is short at the NYSE and loaded with long positions. If the wire message we all wait for is NO in Congress which is a strong possibility the biggest stock market chock since October 1989 will happen immediately. Whether it comes today or on Monday.
The big technical pictures of the world stock markets tells me now, after China and Japan have closed that this is a possibility and even the daily SP500 is clearly open for this possibility. The jump on upside for a YES is limited but the fall on downside is not.
The Tea party 30 Republicans want to get rid of Obama care and Obama's only legacy is Obama care. That is what it is all about. Obama cannot do anything more and the decision will be taken by the extremely tough conservative Republicans in the house of commons which in my opinion will not give in.
Abroad many economic thinkers say that a US bankruptcy will come sooner or later and this could be the drop. Printing 85 billions of dollars every month for consumption is madness. I showed you the picture of the debt limits increase since 1980 in yesterdays blog and that chart is extremely close to a break down.
1.000 professional astrologers has said that this period 2012 - 2016 there will be a worse depression than in the 1930's.Professor Ravi Batra said in his book, The great depression in the 1990's that a big depression will occur every 60 year if there has been no depression 30 years before that. This year it is 83 years since we had a depression. Historically it should have happened 1989.
If you think about it, a collapse is far overdue and must happen sooner or later. Could this be it ? Why not?
Now we have a situation where no trader is short at the NYSE and loaded with long positions. If the wire message we all wait for is NO in Congress which is a strong possibility the biggest stock market chock since October 1989 will happen immediately. Whether it comes today or on Monday.
The big technical pictures of the world stock markets tells me now, after China and Japan have closed that this is a possibility and even the daily SP500 is clearly open for this possibility. The jump on upside for a YES is limited but the fall on downside is not.
The Tea party 30 Republicans want to get rid of Obama care and Obama's only legacy is Obama care. That is what it is all about. Obama cannot do anything more and the decision will be taken by the extremely tough conservative Republicans in the house of commons which in my opinion will not give in.
Abroad many economic thinkers say that a US bankruptcy will come sooner or later and this could be the drop. Printing 85 billions of dollars every month for consumption is madness. I showed you the picture of the debt limits increase since 1980 in yesterdays blog and that chart is extremely close to a break down.
1.000 professional astrologers has said that this period 2012 - 2016 there will be a worse depression than in the 1930's.Professor Ravi Batra said in his book, The great depression in the 1990's that a big depression will occur every 60 year if there has been no depression 30 years before that. This year it is 83 years since we had a depression. Historically it should have happened 1989.
If you think about it, a collapse is far overdue and must happen sooner or later. Could this be it ? Why not?
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