XD45 7,124 Posted May 23, 2016 Report Share Posted May 23, 2016 Just a head's up. The "death cross" in the stock market is when the 50 week average crosses below the 100 week average. Historically this signals a down turn in the market and is followed by a large drop. The last 2 times it happened were in 2001 and 2008. It's just happened again. A strong indicator that a drop is coming. I could say a lot more about the market but the information is out there for any who want to know. 1 Quote Link to post Share on other sites
james lambert 3,059 Posted May 23, 2016 Report Share Posted May 23, 2016 let the shorting begin we are in SO much worse shape now than we were in the 08 crash 1 Quote Link to post Share on other sites
Odd Man Out 1,283 Posted May 23, 2016 Report Share Posted May 23, 2016 It believe that was the intent... 3 Quote Link to post Share on other sites
Sim_Player 1,939 Posted May 23, 2016 Report Share Posted May 23, 2016 Thanks for the warning. I heard about this too. 1 Quote Link to post Share on other sites
evlblkwpnz 3,418 Posted May 23, 2016 Report Share Posted May 23, 2016 It believe that was the intent... Unfinished business. I wish I didn't think this is a scratch on the surface and I'll be really surprised if we make it to January 20, 2017 without a major crippling event. 2 Quote Link to post Share on other sites
yakdung 2,926 Posted May 23, 2016 Report Share Posted May 23, 2016 Did I miss something? 1 Quote Link to post Share on other sites
HB of CJ 1,263 Posted May 23, 2016 Report Share Posted May 23, 2016 At the gun show Sunday, one of the things I enjoy is meeting old friends and associates. We used to do the gun show circuit. The topic of conservation was the up and coming stock market correction. We talked about the bond market also. The consensus was that a crash was probably coming but nobody knew exactly when. There was one exhibitor selling gold and silver coins. No customers. A slow show. We were surprised at the low buyer turnout. Very few people. I asked one old buddy about this and he said it depends upon the city. Grants Pass has a reputation of not having many gun show customers. Fewer buyers. He also acknowledged that the coming panic would occur if the markets tank. He has plenty of inventory to sell to panic folks at very high prices. He also thought this was the calm before the big storm. Wow. Quote Link to post Share on other sites
XD45 7,124 Posted May 23, 2016 Author Report Share Posted May 23, 2016 http://finance.yahoo.com/news/p-500-death-cross-could-123626285.html;_ylt=AwrXnCAoJENXFDcAUGWZmolQ;_ylu=X3oDMTByYnR1Zmd1BGNvbG8DZ3ExBHBvcwMyBHZ0aWQDBHNlYwNzcg-- 1 Quote Link to post Share on other sites
yakdung 2,926 Posted May 23, 2016 Report Share Posted May 23, 2016 (edited) I not familiar with the talking head in the video within the link you provided. In the link I'm providing, I have followed this mans advise, and managed to retire at the ripe old age of 49. One of the handful of folks I follow. http://www.marketwatch.com/story/john-bogle-never-play-a-losers-game-2015-12-24 Edited May 23, 2016 by yakdung 1 Quote Link to post Share on other sites
XD45 7,124 Posted May 23, 2016 Author Report Share Posted May 23, 2016 Good for you retiring early. I hope you have your money someplace safer than the stock market. But your money your choice. 1 Quote Link to post Share on other sites
yakdung 2,926 Posted May 23, 2016 Report Share Posted May 23, 2016 Stock market select sectors and cash. Remember, you can always make money, if the market goes up or down depending on what side of the trade you are on. Gold and silver a fools game IMO. http://www.amazon.com/Stocks-Long-Run-Definitive-Investment/dp/0071800514 1 Quote Link to post Share on other sites
HB of CJ 1,263 Posted May 23, 2016 Report Share Posted May 23, 2016 (edited) Depends upon how fast and how far the market crashes. Our major concern out here in SW OR USA, 43N 123W+- is that over 50% of the total population lives beneath the Federal poverty level. Over 98% of the total population only have a 5 to 7 day home food supply. Combine that with too many stupid idiots with deer rifles and we have a real problem. And ... we live in one of the supposing-ly most sought survivalist areas in the USA. No matter where you go, there you are. You bring it with you. We will see. It does not bode well. Gold and Silver is not about investing for profit. It is all about stabilizing what you have. Possession. That and potatoes, turnips, cabbage, salt, basic foods, implements, social skills, exercised planning, networking, communications, gathering, defense and optimism. Yikes! Edited May 23, 2016 by HB of CJ Quote Link to post Share on other sites
XD45 7,124 Posted May 24, 2016 Author Report Share Posted May 24, 2016 Well count me as a fool. 1 Quote Link to post Share on other sites
james lambert 3,059 Posted May 24, 2016 Report Share Posted May 24, 2016 One thing I do know If we have a collapse, a silver dollar will be worth more than a paper one Heck...a silver dollar is worth 30 paper dollars right now 1 Quote Link to post Share on other sites
yakdung 2,926 Posted May 24, 2016 Report Share Posted May 24, 2016 This may help... http://www.fool.com/investing/general/2016/01/17/why-buying-gold-wont-save-you-from-the-zombie-apoc.aspx Quote Link to post Share on other sites
Sim_Player 1,939 Posted May 24, 2016 Report Share Posted May 24, 2016 I don't see a problem with storing gold or silver, as long as everyone understands that other items may be worth more. The fact that Russia, China, Texas, and other nations are storing up gold and silver should be a warning sign to all of us. What's the U.S. doing? Printing more paper dollars. Quote Link to post Share on other sites
getitat 609 Posted May 24, 2016 Report Share Posted May 24, 2016 Hello I believe Texas is printing up Republic of Texas dollars as well, difference is, ours are backed with minerals of value. Let's see, our own electrical grid, our own currency, our own economy (for the most part...) hmmmm.... I wonder what might be brewing here.... -Guido in TX 1 Quote Link to post Share on other sites
G O B 3,516 Posted May 24, 2016 Report Share Posted May 24, 2016 DAMN glad I moved to Texas. Quote Link to post Share on other sites
storm6490 2,768 Posted May 24, 2016 Report Share Posted May 24, 2016 I'd trade a hell of a lot 'o silver for some coffee and tobacco if the shit hit the fan and I ran out. Over prepping can be more financially devastating than a stock market crash. Most of the preparation is mental. I wont be worried unless Clinton gets in. When it does happen, it's all good. Have fun with it. We don't worship the dollar so our mental health will be pretty good. I'm pretty sure we can find food and defend our lives. That covers most everything. Good luck fellows! 1 Quote Link to post Share on other sites
getitat 609 Posted May 25, 2016 Report Share Posted May 25, 2016 Hello Food is relatively easy. Worry about potable water. -Guido in TX 1 Quote Link to post Share on other sites
Sim_Player 1,939 Posted May 26, 2016 Report Share Posted May 26, 2016 (edited) Knowledge is the best prep. You can really only physically prepare for the immediate future. No matter the situation. Every situation may be different. For instance... We live >30 miles from a nuke base, >30 miles from the Ring of Fire, >50 miles from a major population center (Seattle), >100 miles from the Pacific NW Tectonic Plates, and we live on an island with one two-lane land bridge with a pop. of 25,000. What could possibly go wrong? Most instances dictate shelter-in-place, IMHO. Edited May 26, 2016 by Sim_Player Quote Link to post Share on other sites
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