A Circuit Breaker Stock Market Collapse Appears Likely

Highly doubtful, if not impossible, but keep hope alive!

You're entitled to your opinion.

Trade safe

I agree

Is this a Chertoff gut feeling? Any supporting evidence you can share? Charts, links, anything?

I trade gaps. Let's just say that I have a good hunch about this.

Please perform your own due diligence.

I would say it's very possible. What do you do for a living? You sound credible...

guess it'll be *another* 1.9% "Collapse"

It could happen...

Something MUST give shortly, because inflation is becoming rampant. With no concomitant increase in wages, that tends to make people rather irritable.

less than 10% chance....need a bank failure to get the odds up...wouldn,t bet on 10:1 at this point

I'm a rather lazy individual. So to answer your question, I trade and teach for a living, although I don't really have to do either.

There's a couple of Hawaiian dudes who hang here that trade the same way I do.

We post on message boards as an act of random kindness.

Trade safe and hold your loved ones tight. It's going to get really nasty.

A bank failure is not too far away now.

50 million homedebtors

Probably 10 million of them un-qualified or marginally qualified to carry the mortgage.

$5 trillion in total mortgage debt that is suspect.

$1 trillion or so mortgage resets over the next few years.

God-only knows how much in MBS, CDOs, CDO squareds/cubeds pyramided up on top of the $5 trillion above.

Perhaps five million homedebting sheeple default, maybe even more.

Anywhere from $1.5 to $3 trillion wiped out in pure, raw mortgages not paid. PLUS the ripple-through effects to the above-mentioned MBS/CDO market.

Five million or more houses dumped on the market, which will be added to the ALREADY four-million houses rotting in the elements.

If these numbers are anywhere near correct, we are looking at the Mother of All Busts. It will take the mobilization of every central bank, GSE, printing press, government propaganda entity, and other shill and liar to just stave off a Greater Depression...

Trade safe or don't trade at all.

already, after hours:

[link to money.cnn.com]

not so look at the update time fri am before fridays down day

Would like to understand - can you pls explain.
Looked at that link showing futures. Who/Why are futures figures and where do they come from??
I thought the makets closed at 4pm on Friday and don't open til Monday 9:30am. Who is doing this trading and where is this trading happening to create these Futures? Always wondered about this and now I'm asking....Tryin to not be a sheeple.

As you are entitled to yours, no matter how ridiculous it may be.

You're alluding to the DOW dropping to the 3,000 level in 3 days.

It won't in that short timeframe, although it's grossly overvalued, and should head lower over time.

I don't trade; I got my funds mostly in cash.

I acknowledge that I could be wrong. But my money is going with the big dawgs who purchased billions of dollars worth of options.

Perform your own due diligence and trade safe.

hold your family and loved ones tight. It's going to get extremely nasty, in my opinion.

I agree it will get nasty over time.

If I may ask, how are you playing a wipeout next week, have you bought puts?

A wipeout would correct many years of excesses; it's just a extremely low probability event. Even a solid 20% wipeout would only take the DOW to 10,500. You're calling for a 75% wipeout.

Pay no attention to this propaganda designed to sell you put options!!!

You dumb asshole! Show me where I said anything about puts. As I mentioned earlier, I trade gaps!

hey WAX PAPER

i think you are full of shit.

HOWEVER. you may also be partially full of shit.

SO> Please explain how ANY system can COLLAPSE in the sense you describe. The FED has unlimited and unrestricted abilities to "Create" Federal Reserve Notes, which is the same as creating debt which by Congressional act is secured by the full faith and credit of the us sheeple's SWEAT.

Further Executive Orders signed by the head jackboot/pauper have created plunge protection teams which are authorized to do ANYTHING to stabilize the markets. Vast amounts of STOCK have been bought up in offshore accounts and companies like GM in particular have "sold" massive amounts of stock to only 4 unregulated offshore accounts.

what mechanism, given these facts, could create a DROP as you describe. The LOSS OF VALUE is happening faster than could be imagined, but it is INVISIBLE to the stupid.

what do you benefit by befuddling the confused?

You dumb fuck! You don't know who I am.

WAXY, WHO ARE YOU????

from the pic, i would say you were the fat half of penn and teller....two assholes that specialize in trickery and deception...

how IRONIC

Central banks won't be allowed to fail, but smaller ones will have problems, FDIC notwithstanding. FDIC will prevent runs on banks but not red ink. Stock market will decline in steps, not all at once. Maybe 3,000 with a dead-cat bounce to bait the suckers before the next fall. Probably end up around 6,000, but they may be able to milk it for one last drop. That way, a handful of people can own it all - which is the intent.

plus....you didn't respond to my POINTS

classic asshole technique.

if you hold yourself out as some sort of EXPERT...prove it or stfu.

loser

what do you base your "theories" on?