It's called "living memory". The mistakes of the past and the painful lessons learned are impossible to transfer from one generation to the next. Biblically speaking, if you care to use that analogy, generational shifts took 40 years to accomplish. We're no different today.
@MisterQuebec there is no stock market crash coming....no sir...no major
rally either......just dull dull grey stagnation.......lasting one more decade, remember the s and p peaked out along with nasdaq peaked out in 2000...
today is 2010.......another 10 yrs to go....a crash and a rally are enlivening
events ....a stagnation is someting that few human minds can cope with..
@jpandyaraja I'm sorry, there's no such thing. When in the entire history of the market did prices just stagnate. It never happened. On a time scale of 6 months the market ALWAYS moves.
@jpandyaraja Those are some VERY large swings, hardly flat. The markets will NEVER be quiet, they never were and never will be. Stagnation is something the human mind can't cope with in the stock market so they move it up and down with fear and greed. Also, the Nasdaq range in the past decade is hardly a range remember the Nasdaq crash. In 2000 the Nasdaq hit 5100 and bottomed twice around 1100 in 2003 and 1300 in 2009. In 2007 it hit 2800 and I believe another top at 2600 in 2010.
Not quite, Orandun: we only lost 40% from peak to trough- but from Sept '29 to July '32, the market lost 90% (that's right) of it's value..... not quite the same. We also don't have breadlines and 25% (by some measures up to 35%) unemployment
This seems like 2009. Washington Mutual, Circuit City, Enron, and other stocks now worthless. Citibank, Bank of America, and AIG stocks spiralling down, down, DOWN!
YEP ! And the next big hit will be the collapse of commercial real estate - I doubt any recovery from that (if a recovery is possible) will be long and painful. Buy a little land so that you can grow food - that's my advice but no one listens to me any more ! (;-}
I'm against buying land. No one really 'owns' land anyway with all those taxes they throw on it. I'm not seeing ANY land'owners' growing food on their lots. I guess their grass is just too precious. They can eat that, I guess when things get really bad.
@sarahnewt Your comment about buying a little land hit home with me. My father lived through the great drepression and WW 2 . He told me of the bad times and how he was always hungry . Later in life the one thing he worked and fought for was to own a little piece of land just to grow some food on , in case hard economic times should return . He bought his land , but never needed it for that intention . He asked me to promise I would never sell that little piece of land in case of hardship.
LOL. This part reminded me about Warren Buffett's stake in Goldman Sachs and GE. Buffett then put his words in a paper saying,"it's time to buy America". Too striking similarity. It ain't over yet, America.
Near the end of this video, they mention people didn't really understand what was coming on New Year's Eve. We don't really know where this is going. It's just going to take some time.
She`ll be comin round the mountain when she comes...I bid you welcome "North American Union". Default on all sovereign debt and re-tool American industry.
We are very close to No Bids here in mid-September (2008)...The actions taken this week by Fed & Treasury are exactly as in October, 1929...Paulsen-Bernanke RTC announcement is similar to Whitney action on NYSE buying stocks...But it will fail...
to respond to mr q: there was no sec, no fdic, smoot-hawley tariiffs were enacted (isolationism), the Fed should have flooded the market with liquidity, and didnt. Black Tuesday was in Oct '29 - the market didnt hit its low until July 1932 - and didnt hit the 1929 high again until.... 1954!!!!!!
Richard Whitney was the brother of the NYSE floor broker for JP Morgan. Whitney was the Chairman of the NYSE - vice chairman during the crash, (chairman was on vaca), and took over in the 30's. He pilfered the NYSE's employee pension fund to support his own unsuccessful investments and eventually went to Sing Sing. A Yale graduate. For more on him an erea, check out "Once in Galconda" by John Brooks. Excellent.
The downturn is not totally economic, but many signs are tied together, each playing a unique role in this "titanic collision course" which rushes onward unstoppable toward the economic iceburg: Consider: "A great civilization is not conquered from without until it has destroyed itself within. The essential causes of Rome's decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars." -- Will Durant (1885-1981)
"The downturn is not totally economic, but many signs are tied together, each playing a unique role in this "titanic collision course" which rushes onward unstoppable toward the economic iceburg" - DEBUNKER
B.S. dude!!! Christian fundamentalism can whip this country back into shape in no time!
The North American Continent is so fu%$in huge we don`t need the rest of the world. Americans and Canadians can ride any fu%$in tidal wave.
richard whitney, what was your deal? anybody know more about jp morgan's lineage and family "house goals " or anything? I know morgan jr stole tesla's work on electromagnatics, deathrays and weather control, which could have had something to dow with the dustbowl, but thats crazy...
hedge your bets, learn to use LEAPS (longterm equity anticipation securities) put options to hedge against you "long" positions, so if it crashes you profit, if it goes up enough you profit, if it stays the same.
If you want to make money in the market, you have to learn a system that you will profit from in good times and in bad.
They'll reduce your work schedule. The Hang Seng index is tracking the Dow and both should go down in spectacular fashion this year. This will put a chill on all economic activity. Reduce your debt as much as possible and build up some cash reserves before year's end. Best wishes.
make the most of it while it lasts. when housing starts to crash over the next two years, you'll have enough cash to buy a couple of houses at a good price. Don't know if sydney or melbourne will ever come down enough in price. Canberra although currently inflated will rise steadily over the next decades. Clean air too. Oh and i wonder how the increasing petrol prices might affect deliveries in future. hopefully they come up with something before trouble starts.
All your videos are great.
Thank you very much
FreeSTOCKnolossROBOT 8 months ago
Private central bank... gee i wonder what could go wrong "DERP DERP"
sumala321 11 months ago
in jesse livermores book he says that jp morgan came to him begging to stop trading so the market can recover lol
dragonheadofthewest 1 year ago
@AccuracyMarked
It's called "living memory". The mistakes of the past and the painful lessons learned are impossible to transfer from one generation to the next. Biblically speaking, if you care to use that analogy, generational shifts took 40 years to accomplish. We're no different today.
JAVMAN83 1 year ago
This has been flagged as spam show
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fgjghjafsf 1 year ago
Regardless of all the big problems, real value will still result in gains for people who spot potential early. Especially in junior market companies.
Everyone who knows and follows me knows that I'm tired of getting involved in stocks where institutions influence the stock.
StockGuyTips 1 year ago
I've got a feeling this next depression is gonna be even uglier.
ani451 1 year ago
@MisterQuebec there is no stock market crash coming....no sir...no major
rally either......just dull dull grey stagnation.......lasting one more decade, remember the s and p peaked out along with nasdaq peaked out in 2000...
today is 2010.......another 10 yrs to go....a crash and a rally are enlivening
events ....a stagnation is someting that few human minds can cope with..
jpandyaraja 1 year ago
@jpandyaraja I'm sorry, there's no such thing. When in the entire history of the market did prices just stagnate. It never happened. On a time scale of 6 months the market ALWAYS moves.
jdbrown371 1 year ago
@jdbrown371 i just showed you ..the present trading range between nasdaq and
s and p is already 10 years old...what more do you want to know..? and what
about the dow trading between 555 and 1000 for 15 years in 60s 70s and early
eighties ? ....pls go back and study market history before you say "never "
fifteen to twenty years is a long time.....tis an eternity.....
jpandyaraja 1 year ago
@jpandyaraja Those are some VERY large swings, hardly flat. The markets will NEVER be quiet, they never were and never will be. Stagnation is something the human mind can't cope with in the stock market so they move it up and down with fear and greed. Also, the Nasdaq range in the past decade is hardly a range remember the Nasdaq crash. In 2000 the Nasdaq hit 5100 and bottomed twice around 1100 in 2003 and 1300 in 2009. In 2007 it hit 2800 and I believe another top at 2600 in 2010.
jdbrown371 1 year ago
Not quite, Orandun: we only lost 40% from peak to trough- but from Sept '29 to July '32, the market lost 90% (that's right) of it's value..... not quite the same. We also don't have breadlines and 25% (by some measures up to 35%) unemployment
dam2630 2 years ago
dam2630: It's not over yet.
MrsSarb 2 years ago
@dam2630 yeah, and i've made 250% profit or so since I got back in the market in late may. Too bad I barely had any money in the first place...
ephesus 2 years ago
Looks like an old Bill Maher 4:20 on the right...LOL
WatchCommander25 2 years ago
I love stock martket crashes. It is the only time u buy great business below value
defencingmaster 2 years ago 2
2000-2009 is the same as 1929-1938 in stock market years
This has happened before, is happening now and trust me it will happen again despite regulations
onandonandon1234 2 years ago
No, 1901-1907 is the same as 2000-2009.
We just saw the exact same thing that happened in 1907, or better known as the "Rich Mans Panic"
GannScience 2 years ago
fuckin' banksters
neilandrewporter 2 years ago 3
I don't believe the real estate economy will or should recover. PAY for someplace to SLEEP??? Ridiculous!
dcprotests 2 years ago
This seems like 2009. Washington Mutual, Circuit City, Enron, and other stocks now worthless. Citibank, Bank of America, and AIG stocks spiralling down, down, DOWN!
dcprotests 3 years ago
YEP ! And the next big hit will be the collapse of commercial real estate - I doubt any recovery from that (if a recovery is possible) will be long and painful. Buy a little land so that you can grow food - that's my advice but no one listens to me any more ! (;-}
sarahnewt 2 years ago 5
I'm against buying land. No one really 'owns' land anyway with all those taxes they throw on it. I'm not seeing ANY land'owners' growing food on their lots. I guess their grass is just too precious. They can eat that, I guess when things get really bad.
dcprotests 2 years ago
@sarahnewt Your comment about buying a little land hit home with me. My father lived through the great drepression and WW 2 . He told me of the bad times and how he was always hungry . Later in life the one thing he worked and fought for was to own a little piece of land just to grow some food on , in case hard economic times should return . He bought his land , but never needed it for that intention . He asked me to promise I would never sell that little piece of land in case of hardship.
yangbob1 8 months ago
3:20 haha!!! divorce sucks
DevBlazed 3 years ago
LOL. This part reminded me about Warren Buffett's stake in Goldman Sachs and GE. Buffett then put his words in a paper saying,"it's time to buy America". Too striking similarity. It ain't over yet, America.
glassvision 3 years ago 8
Buffett only said that so that he could get a chance to get out.
jfsimard79 3 years ago
YEP! Just like Buffet:) I was going to type that.
Rustyshackleford08 3 years ago
"The CDS (coming death star) estimated at 500 + trillion more than world markets put together." - Ion
You`re talking about the derivatives market you jacka"$!!! Nobody`s gonna pay up that quadrillion dollar black market debt.
RideMyBMW 3 years ago
This has been flagged as spam show
chck out my profile! Y
cooldud12314 3 years ago
Will we watch a video about this crisis in the future? What do you think?
The fact is, that it is not yet so bad as 1929, but on the other hand, we do not have any real money, just currencies in our wallets today.
TVaclavicek 3 years ago
if you're trying to allude to commodity-backed currencies you are fooling yourself. even though ron paul is still the best politician we have.
don't listen to lonwitness either; he's being an absolute muppet.
now for some positive economics instead of the normative junk lonwitness gave you
GDP dropped by .3% this quarter
it dropped by over 16% in quarter IV 1929.
JPLjanitor 3 years ago
Dont worry, I dont think that this crisis will be worse than the great deppression.
I just wanted to highlight a danger that we can face some day.
And that we should do something to prevent it.
TVaclavicek 3 years ago
Near the end of this video, they mention people didn't really understand what was coming on New Year's Eve. We don't really know where this is going. It's just going to take some time.
ManicEightBall 3 years ago
i'm feeling naughty at the moment K
misseande123 3 years ago
min. 3:59 "BRCA once $120 a share couldn`t find buyers at 3"
Gaw dang! Imagine being liquid at that time and buying up that "penny stock". RCA would come back 20 years later (Rock n roll n sh&%)
and be quoted at $ 200 buck!!!!
RideMyBMW 3 years ago
"smoot-hawley tariiffs were enacted"
She`ll be comin round the mountain when she comes...I bid you welcome "North American Union". Default on all sovereign debt and re-tool American industry.
RideMyBMW 3 years ago
We are very close to No Bids here in mid-September (2008)...The actions taken this week by Fed & Treasury are exactly as in October, 1929...Paulsen-Bernanke RTC announcement is similar to Whitney action on NYSE buying stocks...But it will fail...
emerson134 3 years ago
to respond to mr q: there was no sec, no fdic, smoot-hawley tariiffs were enacted (isolationism), the Fed should have flooded the market with liquidity, and didnt. Black Tuesday was in Oct '29 - the market didnt hit its low until July 1932 - and didnt hit the 1929 high again until.... 1954!!!!!!
dam2630 3 years ago
Richard Whitney was the brother of the NYSE floor broker for JP Morgan. Whitney was the Chairman of the NYSE - vice chairman during the crash, (chairman was on vaca), and took over in the 30's. He pilfered the NYSE's employee pension fund to support his own unsuccessful investments and eventually went to Sing Sing. A Yale graduate. For more on him an erea, check out "Once in Galconda" by John Brooks. Excellent.
dam2630 3 years ago
The downturn is not totally economic, but many signs are tied together, each playing a unique role in this "titanic collision course" which rushes onward unstoppable toward the economic iceburg: Consider: "A great civilization is not conquered from without until it has destroyed itself within. The essential causes of Rome's decline lay in her people, her morals, her class struggle, her failing trade, her bureaucratic despotism, her stifling taxes, her consuming wars." -- Will Durant (1885-1981)
DeBunker7 3 years ago
"The downturn is not totally economic, but many signs are tied together, each playing a unique role in this "titanic collision course" which rushes onward unstoppable toward the economic iceburg" - DEBUNKER
B.S. dude!!! Christian fundamentalism can whip this country back into shape in no time!
The North American Continent is so fu%$in huge we don`t need the rest of the world. Americans and Canadians can ride any fu%$in tidal wave.
RideMyBMW 3 years ago
richard whitney, what was your deal? anybody know more about jp morgan's lineage and family "house goals " or anything? I know morgan jr stole tesla's work on electromagnatics, deathrays and weather control, which could have had something to dow with the dustbowl, but thats crazy...
stemcellfilms 4 years ago
Its happening now. Fasten your seat belts.
DeBunker7 4 years ago
hedge your bets, learn to use LEAPS (longterm equity anticipation securities) put options to hedge against you "long" positions, so if it crashes you profit, if it goes up enough you profit, if it stays the same.
If you want to make money in the market, you have to learn a system that you will profit from in good times and in bad.
secretbonus 4 years ago
Booms always end. So many don't even understand the risks they are taking with various investments.
In Australia we see your economy in deep trouble but think we will weather the storm because of china. But who is china selling to.
Last year I earnt almost as much in overtime as my base salary, so I'm supposed to borrow on that basis, then what happens when they get more drivers?
776281 4 years ago
They'll reduce your work schedule. The Hang Seng index is tracking the Dow and both should go down in spectacular fashion this year. This will put a chill on all economic activity. Reduce your debt as much as possible and build up some cash reserves before year's end. Best wishes.
TYX91101 4 years ago
Already done the math, instead of well over 110 hrs per f/n I will be doing 76 - 80 Hrs.
$38,000 instead of $70,000.
Now drivers can get away with almost anything and not get sacked. make demands in twelve months - "There's the door buddy"
776281 4 years ago
make the most of it while it lasts. when housing starts to crash over the next two years, you'll have enough cash to buy a couple of houses at a good price. Don't know if sydney or melbourne will ever come down enough in price. Canberra although currently inflated will rise steadily over the next decades. Clean air too. Oh and i wonder how the increasing petrol prices might affect deliveries in future. hopefully they come up with something before trouble starts.
reinaldihno 3 years ago
central banks pumping liquidity into the market,sound familiar?
kangaroosandmeatpies 4 years ago 4