Will the Stock Market Lose Another 30%?

[Charnock]

I believe the stock market is going to lose another thirty percent of its current value.

[freeatlast]

hope you are wrong

[ILG]

I believe the stock market is going to lose another thirty percent of its current value.

Why would you say that? What are you basing your 'belief' on?

[Charnock]

Why would you say that? What are you basing your 'belief' on?


The bears are mangling the bulls.

Fear is running loose.

[ILG]

The bears are mangling the bulls.

Fear is running loose.

So, this is just a random belief you pulled out of the air? Are you promoting that fear? Or are you basing this on some facts of some sort?

[Charnock]

Yes.

[Digging4Truth]

So, this is just a random belief you pulled out of the air? Are you promoting that fear? Or are you basing this on some facts of some sort?

Well it is pretty clear that the fear spoken of is there. People are bailing on the market even though more are taking a wait and see (or maybe a "as soon as I can recoop some of my losses I am bailing out") approach at the moment.

The reason this fear is there is because people are beginning to realize that our economy is built on debt. If you or I lived a lifestyle built on debt then that would mean that our current standard of living was not based on our real purchasing power and we were living a lifestyle higher than what we could actually afford.

It would also mean that this could not go on forever. Eventually the debts are greater than our ability to pay and that is when the house of cards start crumbling to the floor.

That is where the United States (and much of the modern world) is at right now. We are in debt beyond our ability to ever pay it back.

The only value the dollar holds comes from 2 places. One is the amount of trust people have in it. That trust is dwindling. People are bailing on the dollar because they don't trust it to be a stable currency because of our enormous debt and the fact that our already overwhelming debt is still growing by leaps and bounds.

The other place the dollar gets its value is from supply and demand. For the life of the oil industry if you wanted to buy oil you did it in dollars. This created a demand for the dollar. Countries are now bailing on the dollar as the currency that they trade their oil with.

Iraq bailed on the dollar as its oil currency.
Iran either already has or is about to.
Other countries are now bailing on the dollar as their oil purchasing currency.

We are in debt up to our eyeballs and STILL spending like there is no tomorrow. This kills peoples trust in the dollar.

The demand for the dollar is plummeting.

Since the dollar is based on thin air these 2 factors are all there is that give value to our dollar and we are losing ground on both fronts fast.

The dollar is worth less that 4 cents today compared to its worth in 1913 and it continues to plummet.

The rising cost of the groceries in the grocery store is because your dollar is worth that much less than it was a few years ago and they require more of those dollars to give you the same product.

The shell game has continued longer than anyone could have imagined but America is about to face some cruel realities.

So... I'm not sure about Charnock... but that is why I feel that he (I assume.. he) is right.

If you or I lived our lives the way the US Government has been doing we would be facing complete and utter financial collapse.

It takes longer for governments than it does for families... but never fear.... the piper WILL be paid.

[ILG]

Well it is pretty clear that the fear spoken of is there. People are bailing on the market even though more are taking a wait and see (or maybe a "as soon as I can recoop some of my losses I am bailing out") approach at the moment.

The reason this fear is there is because people are beginning to realize that our economy is built on debt. If you or I lived a lifestyle built on debt then that would mean that our current standard of living was not based on our real purchasing power and we were living a lifestyle higher than what we could actually afford.

It would also mean that this could not go on forever. Eventually the debts are greater than our ability to pay and that is when the house of cards start crumbling to the floor.

That is where the United States (and much of the modern world) is at right now. We are in debt beyond our ability to ever pay it back.

The only value the dollar holds comes from 2 places. One is the amount of trust people have in it. That trust is dwindling. People are bailing on the dollar because they don't trust it to be a stable currency because of our enormous debt and the fact that our already overwhelming debt is still growing by leaps and bounds.

The other place the dollar gets its value is from supply and demand. For the life of the oil industry if you wanted to buy oil you did it in dollars. This created a demand for the dollar. Countries are now bailing on the dollar as the currency that they trade their oil with.

Iraq bailed on the dollar as its oil currency.
Iran either already has or is about to.
Other countries are now bailing on the dollar as their oil purchasing currency.

We are in debt up to our eyeballs and STILL spending like there is no tomorrow. This kills peoples trust in the dollar.

The demand for the dollar is plummeting.

Since the dollar is based on thin air these 2 factors are all there is that give value to our dollar and we are losing ground on both fronts fast.

The dollar is worth less that 4 cents today compared to its worth in 1913 and it continues to plummet.

The rising cost of the groceries in the grocery store is because your dollar is worth that much less than it was a few years ago and they require more of those dollars to give you the same product.

The shell game has continued longer than anyone could have imagined but America is about to face some cruel realities.

So... I'm not sure about Charnock... but that is why I feel that he (I assume.. he) is right.

If you or I lived our lives the way the US Government has been doing we would be facing complete and utter financial collapse.

It takes longer for governments than it does for families... but never fear.... the piper WILL be paid.

Okay. I haven't said anything up to this point in this thread one way or another. But you gave opinions and reasons. I was a little annoyed that the 30% figure was pulled out of the air with no facts backing it up. I think if we are going to pull a figure out, like 30%, there should be a basis for that. Otherwise, it's just fearmongering. But, it may well fall more. Only time will tell for sure.

[Digging4Truth]

Okay. I haven't said anything up to this point in this thread one way or another. But you gave opinions and reasons. I was a little annoyed that the 30% figure was pulled out of the air with no facts backing it up. I think if we are going to pull a figure out, like 30%, there should be a basis for that. Otherwise, it's just fearmongering. But, it may well fall more. Only time will tell for sure.

Indeed... it could fall more... in which case this thread would be guilty of hopemongering.

[U376977]

http://business.timesonline.co.uk/tol/business/economics/article5014463.ece

[Jermyn Davidson]

NCC is a good pick right now! It opened at $2.07 this morning and is up to $2.19. It will be awhile for a huge profit, but I see NCC stock going to and/or surpassing $6.00/share in the NEAR future-- almost tripling your investment rather quickly.


AIG is a bad pick right now! Give AIG a few more days, maybe even a week and it's stock will be available at an even better steal of a price!

I am excited about the opportunity AIG is going to give the average person with a little bit of money saved to really capitalize on their savings, if they invest it in AIG stock at the right moment.

I am not an expert, this is just my opinion.

[DividedThigh]

well i sure hope not charnock, but only god knows, personally i picked the bottom about 8000, in Jesus name, dt

[Jermyn Davidson]

well i sure hope not charnock, but only god knows, personally i picked the bottom about 8000, in Jesus name, dt


I think it will go lower than 8,000. Sorry friend.

But I do not expect the floor to be beneath 7,500.

One thing to keep in mind-- this is not a depression and we are no where near that kind of an epic situation.

People are nervous.

I am glad my hope is in the Lord, regardless of the stock market.

[Timmy]

Is there a prophet in the house? ;)

[ILG]

Indeed... it could fall more... in which case this thread would be guilty of hopemongering.

If it loses more, which it may, still doesn't mean that saying "I believe" has any substance. I am looking for substance to the statement.

[Digging4Truth]

If it loses more, which it may, still doesn't mean that saying "I believe" has any substance. I am looking for substance to the statement.

I can only give substance as to why i feel that way.

Perhaps substance will be forthcoming.