Is the market ready to tumble? 12/1 selloff continues

Watch the crypto Ponzi scheme bubble burst anytime soon,

the next crisis will start on the crypto market and contaminate the global markets as many hyper leveraged fund managers and such will default and collapse, Tons of toxic crypto loaded derivatives are about to become worthless very quick, that will bring a sell off chain reaction all across the board.

Many crypto holders will lose big and some will never get their money back, this is a trap I believe to bankrupt the youth whom has drank the crypto kool aid, many will lose everything and be economically forced back to mum's house basement.

Bitcoin will collapse soon to oblivion or maybe draw another shoulder that would be the last straw in the camel's back, so if that happens, the price will drift down to the last low to bounce again to $60K, My opinion is that it won't because of the domino effect the crisis will bring on the stage, bringing a new global bear market worth to bring everything down and be the justification to reset the whole financial system.

[imgur] [link to imgur.com (secure)]

Yes definitely not going to be any spending cuts unless there is just no money approved for spending period. We shall see

Last Edited by OVRANALYZE on 10/22/2021 11:23 AM

The Federal Express Blank Check Bank will rise the interests rates in hurry, by design then the credit bubble will burst and everything will hit the ground, oh yeah, come on guys.

Time to the get hell out and bring home your money before the storm, before operatives disturbances appear regarding the withdrawal and transfer of funds, in other words, there would come a critical time where there's no way to pay back the clients because the banks and the brokers caught pants down giving worthless excuses and delays, to clear every withdrawals orders and transfer of funds requests.

Yes that's another issue.

The Fed will claim it took action to cave the rising inflation, in the midst of a new serious market downturn, it would also continue to print zillions to feed the banks taken by surprise by the sudden slump of the markets, so it would help carry on with fueling the inflation, it's gonna be ugly.

Which gaps?

Dow +.25%

Dow +.22% now

Still dripping upwards but S&P was slightly lower.

Watch for news about Evergrande Saturday Asia time (china time)

Looks like they narrowly avoided default -- for the time being:

China Evergrande wires funds for bond coupon, averting default

[link to www.foxbusiness.com (secure)]

The big dump may still be a ways off.


But who knows?

Buffett still buying.

Cattolica

I thought Monday might be the day, but now I am thinking it may come later.

Yes it may be business as usual a while longer. Oil and wheat etc probably head higher over next 30 days but after Thanksgiving anything goes.

After hours carsh?


Intel, Facebook, Twitter down 5-11%

Thread: 1929 Stork Market Carsh??? Intel crashed after hours tonight

November 17

Monday could be a big down day after all.

And it is going to be one hell of a rug pull IMO. People are going to be shocked.

You could well be right.


And it could be right around the corner.

Position yourselves wisely and hang on.

-Raising interest rates destroys the US economy...with inflation.

The first part is right, the second is the opposite.

If they raise rates before tapering... lunatics might be running the Fed.

2022 is going to see a wave of defaults across the board without any interest rate hikes. Perhaps they want to tip it over the edge or get started early, because a few outfits are saying there will be a hike in November and two in December.

It's all so insane...

Earnings on tap for this week. Plus legislation that may be passing. Be aware as always.

Dow +.13% so far today.


So far.

Last Edited by High Desert Cat on 10/25/2021 11:05 AM

Again, almost unchanged.

Here you go, op:


[link to www.godlikeproductions.com]

Like the sign in the bar said, tipping is not a city in China.

Dow futures were up .01% last I looked.