 Analyst: Here Comes the Biggest Stock Market Crash in a GenerationBusiness | 206922 hits | Jan 15 8:29 am | Posted by: ShepherdsDog  Societe Generale analyst Albert Edwards predicts stocks are headed for a 75% collapse.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
Share
|
Mobile
All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest © 2025 by Canadaka.net
The comments are property of their posters, all the rest © 2025 by Canadaka.net
And they don’t come much more bearish than Albert Edwards, strategist at Société Générale. He’s not had much nice to say about the global economy in years, and recent events have only hardened his convictions that the world is headed for disaster, and will take the prices of equities down with it. How much? Edwards predicts the U.S. stock market could plunge as much as 75%. That would be worse than during the financial crisis, in which stocks from their peak to trough dropped a brutal 62%.
Oh, but according to Obongo things are just fuckin' peachy and we're all a bunch of racists because we won't support him on the economy.
All the key indicators say that things are better in the US. Wall St. has hiccups like this all the time. They'll have earned it back by next week.
I'm not so sure. Shipping and manufacturing are way off. Wal Mart announced today that it's closing over 300 stores. Oil is down.
It isn't looking good.
http://www.cnbc.com/2016/01/15/a-recess ... ntary.html
Indeed, the unscrupulous individuals that dominate financial institutions and governments seldom predict a down-tick on Wall Street, so don't expect them to warn of the impending global recession and market mayhem.
But a recession has occurred in the U.S. about every five years, on average, since the end of WWII; and it has been seven years since the last one — we are overdue.
Most importantly, the average market drop during the peak to trough of the last 6 recessions has been 37 percent. That would take the S&P 500 down to 1,300; if this next recession were to be just of the average variety.
All the key indicators say that things are better in the US. Wall St. has hiccups like this all the time. They'll have earned it back by next week.
I'm not so sure. Shipping and manufacturing are way off. Wal Mart announced today that it's closing over 300 stores. Oil is down.
It isn't looking good.
The counter to this is that Walmart is shutting down in areas where the local economic conditions are so bad that they're affecting the performance of single Walmart franchises. A lot of those stores to be closed are older ones that are being amalgamated into super-stores to serve a larger area.
Hey, how about that? I just defended Walmart. Admission to Hell now guaranteed.
Sit back and relax. Computer algorythms at work.
All the key indicators say that things are better in the US. Wall St. has hiccups like this all the time. They'll have earned it back by next week.
I'm not so sure. Shipping and manufacturing are way off. Wal Mart announced today that it's closing over 300 stores. Oil is down.
It isn't looking good.
The counter to this is that Walmart is shutting down in areas where the local economic conditions are so bad that they're affecting the performance of single Walmart franchises. A lot of those stores to be closed are older ones that are being amalgamated into super-stores to serve a larger area.
Hey, how about that? I just defended Walmart. Admission to Hell now guaranteed.
My kid works at the local Walmart that just turned into a superstore. She hates it. I hate it. Stock is 30% down to make room for produce and deli. We don't need another grocery store here.
My kid works at the local Walmart that just turned into a superstore. She hates it. I hate it. Stock is 30% down to make room for produce and deli. We don't need another grocery store here.
All Walmarts are the work of Satan.
In 2008 we had the biggest crash in history with a market drop of 43.9%. The only people who lost money were those that panicked and got out of the market. They locked huge losses and missed the gains when the market grew. Those that stayed pat were in the black by 2010. Over the last 60 years the TSX had and average annual gain of over 10% yet the average investor made less than 3%. Instead of buying low and selling high they buy high and sell low. Would you go into a store and buy a TV at the highest price of year and then on Boxing day sell it back to them because the price went down? Well the average investor does precisely that. What you should be doing is loading up because the market is on sale. It is a stock market Boxing Day! Over time the market is always up. You should look at it with a 10 year or longer perspective.
In 2015 in spite of everything you heard about the terrible markets diversified aggressive investors manged an 8% gain. That is in line with the 20 year average. So much for a market disaster that the news people were talking about.
The rational people are pointing to a 2016 with modest gains. I think they are right. That will not sell newspapers and so the nay sayers get all the print. Remember Journalists are paid to write not be right.