This is a cut and paste quote from June 3, 2010, Google news page,
http://www.cnbc.com/id/37396781
“Markets Fret, but Chance of Big Bank Crash Slim.”
This comes from the Peacock… NBC… an alleged credible source… one of the same who gave us the ‘Weapons of Mass Destruction’ lies and propaganda.
I guess they didn’t notice… or bother to research the fact that 78 banks have failed thus far this year… an average of 13 per month and a bank every 2-3 days… goes belly up.
I predict that more banks will fail… and a ‘Big One’… or two… as the ‘Grand Cross’ of the 26th… and the developing stressful transits on through August brings more major drops in the markets. My stock market prognostications haven’t been as accurate as I would like… because it’s hard to figure accurate numbers in a ‘rigged game’… however, I did get the ‘rigged’ part right.
If the market rallies to 10,500 and then sags to 10,000 that will be the right and final shoulder of a classic ‘Head and Shoulders’ daily bar chart formation that has been gradually building since November of 2009… indicating a potential major correction and or crash.
If you’re in the equity markets have your protective ‘stop-loss’ orders in place… and pray that the computer algorithmic programmed market robots give you a decent fill of your order… before they ‘glitch’ and crash… in what may be another 3 minute 1000 point drop market…
I predict a return to 8500, maybe lower… by the end of August… with a major bank failing…
…we shall see… look for an update on this article…
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment