Tomorrow is the day... (bankruptcy, 2013, buy, companies)
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If all hell breaks loose in Saudi Arabia, look for a multi-thousand point fall in the Dow as well as oil surging above $200 overnight. Tomorrow could be the beginning of collapse.
There will be one final collapse, likely coming in the second half of 2011, that will be the end of this country as we know it.
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Originally Posted by bchris02
The Dow will fall below 5,000, maybe even 1,000 before the end of Q1 2011. When Wikileaks releases the documents on Bank of America, that will be the end of our nation as we have known it. So much of our economy is dependent on that bank, and when it collapses, so does our national economy. This is going to make the collapse of Lehman in 2008 look like a cakewalk. Prepare for 30-40% unemployment. It will not surprise me if martial law has to be declared.
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Originally Posted by bchris02
Not for long. Luxury retailers will be facing bankruptcy again by mid-year as consumers deal with $5 gas and unemployment skyrockets out of control. 2008 was just a small, easy preview of what is coming in 2011.
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Originally Posted by bchris02
According to a CNN article, companies have already begun planning layoffs due to high oil prices. The collapse has begin. Get ready for Dow 5000 and 30%+ unemployment!
The good news is oil will fall probably below $50/bbl but nobody will have jobs.
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Originally Posted by bchris02
Agree. Oil could very well end 2011 at less than $30/bbl, but that will be accompanied by Dow 5000 and unemployment 35%. A few will get rich but the country as a whole will be screwed.
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Originally Posted by bchris02
Ever seen the movie "The Postman"? That is what America will look like in 2013.
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Originally Posted by bchris02
I think the second half of 2011 is going to bring the darkest days in America's economic history.
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Originally Posted by bchris02
Not for long, by mid year the only thing anybody but the very rich will be able to afford is gasoline, and not much of it at that. We are headed for a complete and total collapse very very soon.
Get ready for civil unrest, civil war, martial law, survival of the fittest on our streets. Getting a cabin in the wilderness in Montana is a good idea right now.
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Originally Posted by bchris02
When the crap hits the fan, which it will by summer, there is going to be mass civil unrest and possible revolution in this country.
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Originally Posted by bchris02
tock up on canned food, guns, ammunition, etc, and run for the hills. Its gonna get BAD!
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Originally Posted by bchris02
All of that aside, 25% unemployment by Jan 2010 is almost a sure thing.
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Originally Posted by bchris02
Mark my words. 25% unemployment by 2010.
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Originally Posted by bchris02
I predict a 2500 bottom and it should happen sometime in 2010 and then the market will begin a slow recovery. It will be DECADES before we can even start thinking about crossing 14,000 again.
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Originally Posted by bchris02
Call me on it later, but right now I predict a -10+% drop in GDP for Q4 2010.
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Originally Posted by bchris02
$5 by 4th
$7 by Christmas
$10 by next memorial day
$20 by memorial day 2010, if we can still get gas at that point
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Originally Posted by bchris02
Unemployment should top out around 30%, possibly higher. The Dow will cross gold somewhere in the 2,000-3,000 range. We should lose three quarters of our entire GDP before this thing is over. The next several quarters should see double digit declines in GDP.
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Originally Posted by bchris02
The wrath of God is coming upon us, and its coming to our pocketbooks. Its no co-incidence that the Dow fell 777 points on the eve of Rosh Hashanah. 777 is the Holy number of God, and the Dow fell exactly that amount on a day that was the 273rd day of the year (adds up to 12), and there was 93 days left in the year (also adds up to 12, the number of disciples of Jesus Christ). God was giving us a warning that day of whats to come. Its our material wealth that has made this country greedy and gluttonous, and the time has come for us to pay the piper. Repent now or much worse is to come!
If all hell breaks loose in Saudi Arabia, look for a multi-thousand point fall in the Dow as well as oil surging above $200 overnight. Tomorrow could be the beginning of collapse.
It won't be as bad as the October of 2008 crash though. Look for USA to get on with the drill baby drill project.
Oil surging almost $100 barrel in one day?
I take the collapse as an opportunity to buy more shares for long-term.
If all hell breaks loose in Saudi Arabia, look for a multi-thousand point fall in the Dow as well as oil surging above $200 overnight. Tomorrow could be the beginning of collapse.
Or maybe a giant earthquake will cripple the world's second biggest economy and send oil prices plummeting. (don't check the date this was written, I wanna feel prophetic )
If all hell breaks loose in Saudi Arabia, look for a multi-thousand point fall in the Dow as well as oil surging above $200 overnight. Tomorrow could be the beginning of collapse.
Well for Japan all hell broke loose today.
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