CNBC Warns of 60% Stock Market Correction!

I'd say maybe, but CNBC has it's own GLP effect. It's almost a sure thing to bet the opposite...

That's all?

This sort of thing has been predicted for decades now.

Oh come on! We are on a gravy train with biscuit wheels! We are talkin' a Landau roof here!


Wait...wait...just breaking on CNN: By this time next year most Americans will be eating Gravy Train! Sorry, mea cupla maxima.

The contributor was Prudent Bear. He's called some crashes. His track record is 60-70%. So, I'd say better odds than Vegas.

I prefer Alpo.

What ever happened to the Heisenbrg/Hindenberg whatever indicator? Thought was a sure thing.

Well...

It didn't account for monthly multibillion dollar injections into the markets by the fed. It didn't account for gold and silver rigging. It didn't account for secret US entities buying US debt in Belgium by the tens of billions.

This is an unnatural market. All classical indicators mean squat at this point.

100% agreed.

Actually two minor people said while ON CNBC should
be the title.
CNBC will do pretty much anything to get eyeballs and
retweets and attention.

Try this for a good look.
S&P 500 chart adjusted for inflation over time.

[link to www.davecoker.info]

But if you think its going to crash big,
quick and easy and cheap way to play it
BEARX PBRCX PBRIX

Except for the real and actual Bush/Cheney crash.
Nearly nobody predicted it.
And CNBC and all their guests denied it agrily
all the way down to the bottom.

Hey GLP, did you know you can also make money on the way down? It's called a short sale. Those responsible for the ridiculous move up will certainly be positioned that way for the way down. Just look at the dow and s&p since 2000. They take it up ridiculously in a bubble, then they take it down like a meteor, making money both ways.

Sheesh

Its coming, and soon.

Earliest it can happen short of a huge terror attack
or an asteroid strike is this time next year.
If S&P moves up from here for the next few weeks,
it has room to run higher to at least July/Aug of 2015.

what the media only tells the truth when its what you want to hear? I'd be scared when they scream BUY BUY BUY

Our government, who happens to have an ownership interest in the markets, won't ever allow that to happen. Sounds like a CNBC sales tactic to me. The fact is we are an emotionally based country, living our lives based upon false expectations. The markets are completely manipulated to make the sheep believe things are good. And if for a minute you think they'll ever let things go bad, you're wrong. They may allow a small drop in the markets, just to make us think it's not rigged, but we'll only see the markets increase in the coming years.... 60% decrease, ya, when pigs fly!

I wouldn't bet the farm on that.

The CNBC interviewer didn't believe the guest either.
It was rather comical.
Its like saying a 20 mile wide comet could strike
Nebraska sometime in the future.
It could. But if you say it out loud alot or bet your
reputation on it, you're probably going to be found
to me wrong and shamed.

The higher it goes the farther it falls. People get rich in both directions. It's the big boys that make the money, you know, the futures kind.

Remember back in 1999 the stock market had an automatic "stop" switch. Sort of like a cooling off period when the market would go down 500 points, all trading stopped until the next day. Ever wonder what happened to that super idea? Why has that safety fuse quietly slipped away? My guess is "someone" wants the market to be able to crash big time so they can profit from it.

I know someone with prophetic abilities who's seen among many others 9/11 and the 9.0 Japan quake down to the magnitude.. he's saying October big economic crash. Obviously I'm paying attention.

It's coming.

Not gonna happen....

The founder of Prudent Bear.. a fund who favors a declining market get's 2-minutes of ad-space on power lunch & totally proves we're working in a fear driven market.

This guy makes a living yelling fire in a busy building.. this wasn't a warning it was a 2-minute commercial for Tice Capital.

Buddy these banks work together now...keep that in mind.


Globalism....

i don't see a correction that big happening fast. But a 15-20% correction could very well happen. The DOW is way over valued

a 60% would shock every market

:bernankedoom23: