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itsrobert Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 12:47 AM
Original message
CNBC WORLD 'PANIC CYCLE'
World Market Crash going on now thru October
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SoCalDemGrrl Donating Member (786 posts) Send PM | Profile | Ignore Wed Aug-29-07 12:47 AM
Response to Original message
1. Link please
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HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 12:49 AM
Response to Reply #1
2. Here's one in real time
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SoCalDemGrrl Donating Member (786 posts) Send PM | Profile | Ignore Wed Aug-29-07 12:51 AM
Response to Reply #2
5. thank you
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HCE SuiGeneris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 12:54 AM
Response to Reply #5
7. Sure thing... and I just saw this for your collection
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itsrobert Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 12:49 AM
Response to Reply #1
3. CNBC World broadcast
Don't have link
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 12:50 AM
Response to Reply #3
4. They should have a link at thier site
they usually post the stories shortly after going on air
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 12:52 AM
Response to Original message
6. One link
http://www.businessandmedia.org/printer/2007/20070815164850.aspx

Google is your friend

Yep the story is a tad dated but does follow the pattern
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calteacherguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:02 AM
Response to Original message
8. It's a great time to buy. The markets will achieve record highs by early next year.
Edited on Wed Aug-29-07 01:05 AM by calteacherguy
The kind of hysteria we are see in the media now gives me even greater confidence of that.
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tkmorris Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:04 AM
Response to Reply #8
9. LOL, what exactly do you base that prediction on?
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calteacherguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:05 AM
Response to Reply #9
10. The fundamentals.
:-)

Watch and learn. The best time to buy is at times like this.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:07 AM
Response to Reply #10
11. Yep but the fundamentals right now
are very close in paralells to oh 1929

I am talking of the credit crunch, which was one of the causes for it

Of course we could go into it

The fundamentals are those of a trickle down economy, and every time we have had them... the economy gets into at least a recession (1980s) and worst a depresion (1929 and 1870s)
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calteacherguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:19 AM
Response to Reply #11
12. Inflation is low, interest rates are relatively low, p/e rations are quite good, growth is moderate
and folks are freakikng out.

Great time to buy.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:20 AM
Response to Reply #12
13. Read on 1929
and what led to it

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calteacherguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:22 AM
Response to Reply #13
14. It's a different world and financial system than in 1929.
I'll let others worry. It's good for the markets to flush the nervous nellies out.

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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:25 AM
Response to Reply #14
15. Yes the economy has some differences
it also had some differences from the market of 1872

I guess the massive debt we have doesn't matter

Oh well

By the way, if it crashes, that is fine... I HAVE TIME FOR IT TO RECOVER

But the reality is that the bulls were also making similar arguments in 1929

The fundamenals should worry you...

Credit Cruch

National Debt

Should I go on?

Oh and by the way, unemployment I'm not sure it's that low mostly due ot the way it is reported

And how much money is the US printing? Oh I forogt, we don't know, the numbers are no longer published
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calteacherguy Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:35 AM
Response to Reply #15
16. The overreaction to the credit crunch has already been factored into prices.
There is likely to be some testing of he recent S&P low. And it is August, ya know.

One thing I'm sure of: The media won't be hysterically predicting the next market crash. Quite the opposite.

Well, gotta go....good luck.
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nadinbrzezinski Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-29-07 01:36 AM
Response to Reply #16
17. You have heard of Cramer
oh never mind
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