Economic Collapse/Stock Market Update (January 30, 2009)

[floridarotors]

these are details to get lost in...concentrate on food prep and strengthening family and community ties for survival

[Shakin2012]

man was alotted 6000 years for self rule, which is about to end to make way for 1000 years of Gods rule. Thats pictured in the 7 day week, 6 days for work and the 7th is a day of rest.

[BlackHeartOfAnother]

:-) Do you know what´s the purpose of unemployment ... It doesn´t have purpose it´s result of transformation of soil on areas to built or areas to run enterprise different of farming ... But in high (non-farming) economy could be level of unemployment on zero level when capital, human force and soil will be used by right-ones. I´m not comunist ... I meant ideal situation when about all this three factors make decisions people able to make dicision ... And it´s the purpose of crisis as well

[ObsessiveDetailer]

thats right, nothing to see here sheeple, move along

[Jacobrester]

Everything will be fine......relax people......

[hdiylove7]

Please read National Sunday Law by A. Jan Marcussen as soon as possible!!!!!

[GradyWhite2007]

Breaking 8000!!! Hell...it's gonna be in the 6000's very soon!

[Mizz616]

they are gonna put us in fema death camps.Head for the mountains..RESIST

[bubonick23]

I see the price of zinc shooting sky high. Why? Think about all these head and shoulders patterns in the markeT? Well zinc is one of the key ingrediants of that dandruff control product. Look for Zinc to hit new highs!

Thanks endlessmountain. You are always good and providing the facts. Please report on this.

[marcusguernsey]

As of march 09, it may come to light that they can not all be saved,the big 3 and even some of the big banks,and in the UK they also have MILES of cars just sitting collecting dust.Citigroup stock is just hovering around 3.50 even with the i dont remember how many billions they have been given.I ve heard recent ramblings about GE recently, could you tell us what you see there? In general, this is all MADNESS and has to run it course,it is all meant to be.

[marcusguernsey]

thanx for the reply.i only mentioned Obama to set the tone.He is kind of like a sheep in wolf`s clothing,for although the americans have a great resolve,it is really hard to say how they could cope if a complete crash comes.I agree Canadians will fair better,because i dont believe they live under the same fascist media blackout.although surely the extent of the job-cuts must be out of the bag by now.Where you see the Dow once the "Big 3" issue re-appears with the autos in march??

[endlessmountain]

Canada is still close. I am using California and the USA as a leading indicator.

The automakers will fall at some point I think.

[tyronebiggums3]

Other things you may want to consider in your analysis: increasing foreclosures, ARMs resetting, Commercial RE collapse, retail collapse, shipping collapse, restaurant collapse, record low new home sales, record unemployment claims, falling house prices, ...

Technicals are interesting, but you better factor in more reality.

[endlessmountain]

true, but others are better at those news and a combination of technicals that I provide and the fundamentals from guys like ManofTruth, Peter Schiff and VisionVictory to name a few will help out the community.

[StevePalRP]

You have given great advice for all who are willing to listen, Will they act on your advice? I hope that they will during the short time left. Continue telling us the truth. Peace.

[JUKIO01]

scientist just discovered a planet outside of our galaxy, 4 times bigger then jupiter. they just announced it not long ago. could it be nibiru?

[endlessmountain]

You mean solar system and not galaxy, and however it maybe. I don't think they are ready yet to announce it. They will have to some time however.

[JCSY44]

I just saw this headline on aols frontpage, now it's gone and I can't find an article. Any links?

[JCSY44]

Nevermind. Found it.

[tyronebiggums3]

No, I think it's Vulcan.

[huskie767]

be careful on gold/silver....you may want to short gold down to 500 or 600...

[marcusguernsey]

I m going to take a slightly different spin today endless and ask a few questions.Obama says that Americans have a strong will and can get thru anything etc. to some degree i know that their is a great fire of goodness in the avg.american.but in times of crisis,who knows ( as you always say) So, when the crash w/ a capital C comes,as this deflation is very slow.How will USA crash affect Canada as a seperate country cope,and will it affect the average canadian? US strinks by 3.8% last 1/4!!!

[endlessmountain]

It is going to be rough the average human being in any country. I think Canada will do much better as our banks are amongst the best in the world. However, this is the best of the evil system and all monetary systems are going to fall. How things will happen, depends on the when. If the CRASH happens in the summer/fall 2009 it will be different than a 2010 fall. Creation will take care of the manifestations. As far as Obama is concerned, I do not trust mainstream media.

[PREPAREORSUFFER]

excellent video derek......haha...finally i see that the gold and silver that i bought over the past few months is gaining in value. many economists are calling this upcoming summer .." THE SUMMER OF HELL " gerald celente is expecting a bank holiday in the next 2 months !

[centervilletn]

the part of your video regarding bartering and trading gives me much relief because that is where im the most comfortable. Thanks

[centervilletn]

im not a stock market person at all but i sure appreciate your videos..it helps me understand whats happening. keep up the great work

[KicksOnFirecom]

What do you thik about FAZ by next week? With the jobs reports coming out. Any targets?

[endlessmountain]

Very High Risk, Very High Reward with the Derexion funds. If you are willing to take it, i would say it has great risk/reward. My preference is to hold those funds for a few hours or days. However, I have heard that the short selling ban on financials may get back into play meaning BGZ and TZA maybe the play also. BGZ is like shorting the S&P500 with triple yields up 6.92% today. FAZ was up 6.82% and TZA was up 7.04%. I like all three of them. I also like the short WIN next week.

[slobomotion]

I've been seeing the DJIA at 5,000 since early in 2008.  That seems to me to be about the "correct" level.

[endlessmountain]

Yes, but even lower possibly with inflation taken into play. I like 1,000-2,000 with todays money in the next couple years.

[dankeewolnir4042]

what about gold?

[endlessmountain]

Gold is looking great right now. I recently did a tech. analysis video which shows me GOLD should be 1,400ish an oz by the summer and maybe and hopefully even higher. Of all the indexes out there, it is going up and everything else including every other commodity is being sold.

[keitheeds]

checkout spwra

[endlessmountain]

21% gains today on a down day. My charts say Resistance is 34.89ish. Breaking that the next level is 38 a share.

[keitheeds]

thanks for the response and your valued info

[talagor]

Good video.

When is a good time to start shorting....after the next pullback?

[endlessmountain]

The best risk/reward time would be on the next bull run. It looks like resistance will be around 8150 as that level over the last week has been huge for a week. Also, you never know when support is broken if it falls fast or if it takes its time. For day traders today 8080 was broken and it fell nicely.

However, if you accept the risk. Dow over 8,100 with the idea of covering the short around 7400-75000 dow.

Also, I will be posting a short soon for next week for code (WIN).

[VIMRICK09]

excellent... I too feel its (stock market making new lows) gonna happen late FEB.......:-)

[jchrra]

first:)