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Stock Market Crash! (merged) Pt. 6

Discussions about the economic and financial ramifications of PEAK OIL

Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Tue 16 Apr 2019, 09:49:22

asg70 wrote:
Armageddon wrote:The day of rekoning will come, just not yet.


How insightful. Doom, always slightly off in the distance. In the meantime, pay attention to my posts!


It’s funny how you leave this out of your quote:

We will find out how long they keep it going with multi trillion dollar annual deficits, 30+ trillion debt, 1+ trillion annual debt payment....etc.


Only a moron would think they can continue down this current path.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby shortonoil » Tue 16 Apr 2019, 14:26:59

Only a moron would think they can continue down this current path.


The institutional, and retailer investor is gone from the market. Corporate buybacks are now the only prop under this market. Once the tax cuts and reparation boost wears off it will be gone also. The technical traders are calling for an October day of reckoning. The flood out of equities, when it comes, will drive fixed assets into negative territory. The credit markets will seize up. After that the last depression will have arrived. The energy is not there to ever pick the world up out of it! Seven months after Peak; right on schedule.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby asg70 » Tue 16 Apr 2019, 14:45:56

shortonoil wrote: right on schedule.


If it's "right on schedule" then why do you still owe money on a failed bet?
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Tue 16 Apr 2019, 14:46:14

shortonoil wrote:
Only a moron would think they can continue down this current path.


The institutional, and retailer investor is gone from the market. Corporate buybacks are now the only prop under this market. Once the tax cuts and reparation boost wears off it will be gone also. The technical traders are calling for an October day of reckoning. The flood out of equities, when it comes, will drive fixed assets into negative territory. The credit markets will seize up. After that the last depression will have arrived. The energy is not there to ever pick the world up out of it! Seven months after Peak; right on schedule.



I think the markets are going to love QE4 and rate cuts. We’ll see zero and possibly negative interest rates prior to the 2020 election. Trump will do everything possible and lean on the FED to follow along. I’m just not sure why Trump would want to be in office when the crash happens. He said during his campaign how it’s all one big bubble and it’s going to pop. Well, he’s blowing the bubble even larger. He knows what’s coming.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Tue 16 Apr 2019, 14:48:15

asg70 wrote:
shortonoil wrote: right on schedule.


If it's "right on schedule" then why do you still owe money on a failed bet?




It’s pretty sad that you add nothing but this nonsense to the conversation. Always attacking the messenger instead of the message.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby asg70 » Tue 16 Apr 2019, 15:36:49

Armageddon wrote:It’s pretty sad that you add nothing but this nonsense to the conversation. Always attacking the messenger instead of the message.


Suffering through a lot of chicken-little style bad calls does that to you.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby shortonoil » Tue 16 Apr 2019, 17:13:37

"U.S. Online Lenders Are Now Preparing For A Recession"

Almost ten years after the Great Recession ended, online lenders in the U.S. including LendingClub, Kabbage, and Avant are preparing for an economic slowdown by reviewing their risk exposure, reported Reuters.


https://www.zerohedge.com/news/2019-04- ... -recession

After ten years of promising to "normalize" from QE with QT, the FED has done a gigantic flip flop. Everyone is crying for a rate cut from the President to Cramer. Maybe they are worried about a space herpes crisis?
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Tue 16 Apr 2019, 18:16:33

7 Million Americans are 90 days late on their car payment.
A record number.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Outcast_Searcher » Tue 16 Apr 2019, 21:37:35

asg70 wrote:
Armageddon wrote:It’s pretty sad that you add nothing but this nonsense to the conversation. Always attacking the messenger instead of the message.


Suffering through a lot of chicken-little style bad calls does that to you.

And name calling by short and Armageddon. Then Armageddon complains about "attacking".

:roll:
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Wed 17 Apr 2019, 10:41:23

World Trade Suffers Biggest Collapse Since Financial Crisis
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby asg70 » Wed 17 Apr 2019, 11:44:11

Armageddon wrote:World Trade Suffers Biggest Collapse Since Financial Crisis


If you're gonna spam the forum, at least spend the extra 10 seconds to paste in a link. Sheesh.

Do you just go to google news, cherry pick doomy headlines, and paste it here? Maybe make sure they're not buried behind a paywall at least.
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"$0/barrel soon as per etp." (12/30/18)" --pstarr
ATTN: SHORT LOST A BET AND WON'T EVEN ADMIT HE MADE ONE. HE SHOULD NOT BE WELCOME HERE!!!
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby shortonoil » Wed 17 Apr 2019, 12:18:36

Image

The Telegraph describes the sudden loss in trade momentum is equivalent to the months after the dot com bubble imploded in 2001 when trade volumes sank as much as 2.2%. Today's current move is the biggest fall since the financial crisis of 2007–2008 when global trade plummeted, diving as much as 12.7%.

The International Monetary Fund warned last week that this is a "delicate moment" for the global economy as many countries are in the midst of a severe slowdown.

The global economy has "lost further momentum" in the last six months, said IMF Managing Director Christine Lagarde.

Lagarde pinned trade volume deterioration on decelerating global growth and "the impact of increased trade tensions on spending" on producer goods.

The global downturn in trade is widespread geographically. The synchronized slowdown is expected to stabilize beyond 2020; however, in the meantime, it's likely the world could be
headed for a trade recession, if not already in one.
 

https://www.zerohedge.com/news/2019-04- ... ial-crisis

I has begun; fossil fuels, like an old rusting bolt, are becoming ever weaker at powering the world's economy. Depletion will take an ever greater toll! Although politicians and bankers will continue to insist that they can bring improved conditions to the economy, they can't. China's recent imaginary upswing, resulting from a PBOC record credit injection, is losing altitude rapidly. Investors are beginning to realize that a 3.2 % YOY decline in oil consumption, and a 1% decline in electrical are not the hallmarks of a booming economy. While the US is still the cleanest diry shirt in the laundry with a mere $3 trillion a year in debt growth, pushing on this string until the next election will only result in a more spectacular train wreck when it does occur!
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Wed 17 Apr 2019, 15:08:50

Industrial production declined in the first three months of the year for the first time since the third quarter of 2017, and that could signal economic growth is weaker than some economists are forecasting.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Wed 17 Apr 2019, 15:10:55

U-Turn in Trucking: Cass Truck Shipment Index Down 4th Consecutive Month

moneymaven.io/mishtalk/econo…

Bob Costello, chief economist for the American Trucking Associations (ATA). “This is an indication that the economy is decelerating.”
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Wed 17 Apr 2019, 15:13:00

Wall St. Mega-banks post windfall quarterly profits as outstanding consumer debt now exceeds $4 trillion for the first time in history...
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby asg70 » Wed 17 Apr 2019, 15:54:29

Let's get back to the thread topic, shall we?

STOCK...MARKET...CRASH!!!!!!!!!!

This thread went into overdrive because supposedly the stock market was going to go the way of 1929. Isn't that what you chicken littles like Armageddon were predicting? Well, let's see how that has played out, shall we? I've marked the date of maximum doomer ecstasy for all to see here.

Here's the NASDAQ:

Image

And the DOW:

Image

What I see is a classic head-fake. The markets are just about back to where they were before the dip. Now Armageddon is backing off his predictions and claiming that the center will hold until the next election, just because Trump wants it so. If that were the case, would Armageddon have chosen to enter into this thread and spam the sh*t out of it day after day? NO. The reason he chose to get on that obsessive habit is because of the marked DOOMGASM, which has, alas, come and gone, no pun intended.

Image
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"$0/barrel soon as per etp." (12/30/18)" --pstarr
ATTN: SHORT LOST A BET AND WON'T EVEN ADMIT HE MADE ONE. HE SHOULD NOT BE WELCOME HERE!!!
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Wed 17 Apr 2019, 16:06:53

It’s Only April, And U.S. Retailers Have Already Closed More Stores Than They Did ALL Of Last Year

https://www.investmentwatchblog.com/its ... last-year/


Impossible, the 3 stooges say we are booming because the DOW is at 26k
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Outcast_Searcher » Wed 17 Apr 2019, 16:18:24

Armageddon wrote:It’s Only April, And U.S. Retailers Have Already Closed More Stores Than They Did ALL Of Last Year

https://www.investmentwatchblog.com/its ... last-year/


Impossible, the 3 stooges say we are booming because the DOW is at 26k

So right back to name calling. Contrats. :roll:

And yet YOU repeatedly and idiotically pretend that a shift to online business is some sign of economic "problems". Technology changes. People are shopping online. B&M suffers -- not exactly rocket science, except for cherry picking doomers who ignore all data that doesn't agree with their belief system.

...

By the way, stop lying. I have not said we're "booming" at all. Since you can apparently read, read the title of this thread. Now, it says STOCK MARKET CRASH, doesn't it? Since when is objectively pointing out that instead of the market crashing in 2019 as you predicted, it is trending strongly upward a claim the economy is "booming"? Since when does posting a group of stats/articles from CNBC, and pointing out that things overall seem rather balanced -- vs. your constant only pointing out negatives, equate to a claim of "booming"?

Do you really think that acting like a small child makes you more credible, any more than it does for shorty?
Given the track record of the perma-doomer blogs, I wouldn't bet a fast crash doomer's money on their predictions.
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby rockdoc123 » Wed 17 Apr 2019, 16:26:44

Goldman Sachs seems to think the market looks better than it did earlier on this year:

Goldman Sachs Chief Executive David Solomon said Wednesday that the chances of the U.S. economy soon entering a recession are lower now than they were earlier this year.
“I don’t see any data in any way, shape or form that leads me to believe that that chance is accelerating at the moment,” Solomon told CNBC’s Tanvir Gill in Ningbo, China.
The Goldman chief had told CNBC in January that he saw a 50 percent chance of a U.S. recession by the end of 2020. Now, however, he said he thinks the risk “feels less than that today.”
That will come as a welcome assessment for investors concerned by the inversion of the U.S. bond yield curve last month. That event — when long-term debt yields moved lower than short-term debt yields— is seen by many to be a reliable recession indicator, so many in the market found the development worrisome.
Solomon, for his part, expressed little concern.


https://www.cnbc.com/2019/04/17/goldman-sachs-ceo-the-us-economy-is-chugging-along-pretty-well.html
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Re: Stock Market Crash! (merged) Pt. 6

Unread postby Armageddon » Wed 17 Apr 2019, 16:44:32

rockdoc123 wrote:Goldman Sachs seems to think the market looks better than it did earlier on this year:

Goldman Sachs Chief Executive David Solomon said Wednesday that the chances of the U.S. economy soon entering a recession are lower now than they were earlier this year.
“I don’t see any data in any way, shape or form that leads me to believe that that chance is accelerating at the moment,” Solomon told CNBC’s Tanvir Gill in Ningbo, China.
The Goldman chief had told CNBC in January that he saw a 50 percent chance of a U.S. recession by the end of 2020. Now, however, he said he thinks the risk “feels less than that today.”
That will come as a welcome assessment for investors concerned by the inversion of the U.S. bond yield curve last month. That event — when long-term debt yields moved lower than short-term debt yields— is seen by many to be a reliable recession indicator, so many in the market found the development worrisome.
Solomon, for his part, expressed little concern.


https://www.cnbc.com/2019/04/17/goldman-sachs-ceo-the-us-economy-is-chugging-along-pretty-well.html




They didn’t see the 2008 crises coming either.
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