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mother earth

(6,002 posts) Sat Jan 11, 2014, 04:00 PM Jan 2014

Thom Hartmann: Why The Crash of 2016 Will Happen

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Thom Hartmann: Why The Crash of 2016 Will Happen (Original Post) mother earth Jan 2014 OP

Sadly a major economic and social crash is inevitable, and sooner than you may think. aristocles Jan 2014 #1

Haven't heard 70% but bucolic_frolic Jan 2014 #2

aristocles

(594 posts)

1. Sadly a major economic and social crash is inevitable, and sooner than you may think.

Reply to mother earth (Original post)

Sat Jan 11, 2014, 04:35 PM

Jan 2014

Some market technicians have recently predicted the DJIA will drop over 70% in 2014 to below 5,000.

I started selling off last week.

bucolic_frolic

(43,115 posts)

2. Haven't heard 70% but

Reply to aristocles (Reply #1)

Sat Jan 11, 2014, 04:53 PM

Jan 2014

it does remind me of December 1982 or 1983 when the Fed started
raising rates after the August 1981 market bottom.

That was a 25% correction as I recall

Just like then, every tiny biotech losing $5.33 a share has bottomed,
climbed, broken out, and skyrocketed.

Be cautious out there.

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