Sept/Oct appear to be packed full of ominous events. Here's some predictions. Martin Armstrong famed economist predict market plunge first week October. Gerald Celente--crash this fall. Kondratief wave ends first week oct. Shemeitah Sept 13, fourth blood mood on Day of atonement Sept 23. Expect major shakings probably in FAZ favor. Cit analyst just predicted Dow below 14300 end of Sept.
On one side--bulls have gov't PPT, QE funding, circuit breakers, rule 48, Media saying buy buy buy, essentially entire weight, power and money of US govt and on our side common sense and wisdom that a govt manipulated market is no market at all but a house of cards absent any market fundamentals. Eventually common sense and wisdom will prevail and fAZ will soar but it has taken longer than I thought as govt keeps inventing new rules and tools to manipulate market. Can anyone name one reason why market should go up other than PPT is pouring money into it?
PPT team pumping up futures pre market--probably to pull in dumb money so big institutional money can exit. Yesterday it failed--Dow up 500 points premarket--came crashing down around 2pm. Word getting out--FAZ will rocket in this bear environment--look at volume numbers. Faz $15+ at end of week my prediction
As I sit here in Asia, noon time 8/24, the Shanghai composite is down 8.45%, Hang Sang 4.64%, Nikkei 4.35%. Should this hold till close and coupled with margin calls in USA, and without govt intervention I would expect a blood bath in USA markets this week. Dow should drop into 15,000 range, possibly lower, Faz SHOULD SOAR. anyone know when reverse split takes place? good luck to all