Economic Update (October 21, 2009)

[MasonGT526]

im doin fine for the fact oct 21 is my birthday thank you

[limitedplay]

as of friday night, 1.euro exceeds 1.50, 2. 100 banks closings this year, 3. swine flu deaths surpass 1000, 4 dow futures down over 100 points.

Pick your poison, interesting stories heading into a weekend full of predictions from somewhat reliable sources

[SONxOfxLIBERTY]

On my calender it says the 24th of October is "United Nations Day" maybe that has a little to do with the following day the 25th????

[Djelomou]

Can't wait for the 25th...I don't believe one bit in Webbot but we'll see.

Got 130g of gold..better then nothing.

[35slave]

silver $1000 oz. ????

[lunchboxbandits]

Your sweater is way to big,

[bshogry]

We can only hope. hehe

[burnindownthehouse]

You are very knowledgeable. I agree with your outlook on the markets.

[traynickel]

Pull your money Friday, just in case. Silver will be 15-20 times margin of gold soon. The $1000 an ounce is possible, might want to put the sign back up.

[florgat91]

does anyone have any webot collapse updates ? da shit be happenin' in da next couple of weeks ?

[kilo199999999]

I should not have bought UUP at 22.77 lol

[takkari10]

Short the market

The dow will be 5500 by Feb 2010

All these earnings reports are fake. They are designed in such a way so that the CEO's can take big bonuses

The FED's team deliberatley kept the market up by squeezing the shorts by pumping money into the system. They know that people go short in Sep and Oct and they basically screwed them

[demsco]

How about Bank earnings were mostly goodwill. Or the fact that WFC pick-a-pay loan book value are $57B but the LTV average is 105% and the carry value is $37B? CRE losses $6.5B. Intel eanings, US sales down 2% Asia up 2% all other sales flat a weak dollar story. GOOG, positive FX results of $167M vs a loss of $267M YoY another weak dollar story. Basically, real economy earnings suck, international earnings great on weak dollar, see the trend?? Yes, I am short and profitable. Going lower

[smartpeeple]

Thank you for always printing the date with your title -- it really helps in locating new information -- it would be great if everyone would do that -- so much of the material is reposted -- so it's not easy to find what is new vs old -- again thanks for the information and posting it with a date.

[fatpius]

tic toc.....................

[phoitack]

Yeah man! Where is $1000/oz Silver?

[endlessmountain]

I need inspiration for the nextt good new idea.

[dadcamp]

What happened to your silver $1000

[endlessmountain]

I had to bring it down today. Sorry, I need motivation now for something new.

[donharlan1]

Right on Derek. As companies cut their costs, i.e. sell assets and layoff employees, their profits increase, even if there revenues go down. But that still doesn't account for this insane rally. The freaking PE ratio for the S&P ratio is closing in on 140!!!

[endlessmountain]

WOW... thats a bubble waitin' to be burst.

[abuokab]

should I convert my dollars to an arabian currency and send it to a saudi or arabian bank ?

will that help ?

[endlessmountain]

im not too familiar with overseas culture as well.

[turboredcart]

LMAO! I had a CA savings acct. Don't do it. 1. there is a 10%-15% fee as I had not paid CA tax. 2. they add fees galore. Then when I tried to cash in the CA $- no banks I asked in Chicago had any idea on how to do this. I do think CA junk silver has potential tho... ;-0

[TheSubterraneanTruth]

Yeah I know were doing so well! It looks like I might have a job tomorrow. 37 weeks of unemployment!?!?!? This spike means nothing, the same shit happened before the last depression. We will still collapse........ If you think I'm fear mongering and your scare, go to church..... Buckle up for the crash Mo-fos.

[jdl1881]

WHERE IS THE SILVER SIGN??

[endlessmountain]

Im thinking of innovative ideas for something new. Not sure yet.

[jdl1881]

I'm sure it will be interesting.. knowing you :)

[Refounders2010]

Awsome analysis.

[slobomotion]

Five stars, widely shared. Might really do my own channel. Just might. Greetings from France.

[endlessmountain]

let me know if you do. I'd love to see

Peace

[cjjblaster]

hey where is the silver to 1000 sign?

[endlessmountain]

in transition of something for change.

[whiskerchild]

Thanks for the vid

[chucksheen]

What is this about Asian Markets?

They sell out before main stream stores?

PETER SCHIFF 2010!

[endlessmountain]

Its really only their Monday that is in major importance with the American/Canadian markets.

[catdog262]

Thanks for your perspective endless mountain! I Also watched the whole Canadian Movie Thanks.If it goes down Sunday then that means black Monday or would that be Red Monday.

[endlessmountain]

Innovative times, call for innovative names.

[pairunoyd]

endless mountain huh? maybe youd like miley' cyrus' The Climb. Watch the vid

[pairunoyd]

watch?v=NG2zyeVRcbs

[ILovelisanova]

yes, Lehman was a Sunday I remember where I was, what I was doing.

[mrzack888]

with so much excess inventory, a JIT/Lean system might be necessary.

[REDEMPTIONthreadz]

look at the dollar in may of '08, and look at crude oil in the same time frame. Crude oil is going to triple digits soon. I'm buying up calls on future's options (symbol CL)

[REDEMPTIONthreadz]

Very good points, Derek (Derrick?). I've seen it spelled both ways. Anyhow, that is a fantastic revelation. Vision Victory calls it the "jobless recovery". Your idea expands on that as you are saying that a company can only cut so many employees to show "strength" before the truth comes out, because there will be nothing further they can do to cut costs...

[loveguitars]

Hey D,

Great Video. I agree. It's all a casino.

I am starting tho think that Investments = Casino

Thanks Bro

[Wittmann73]

The DOW is going higher, but actually down in value.

why you ask?

because the Dollar is losing value!

[goodagofilms]

The figures are just showing the re-stocking levels. If those stocks stay on the shelves

then they will have to price cut. Which may start a deflation spiral.

This Christmas will be crucial to many company's

Also the web bot event. I thought is between 25oct to 5th Nov

Any how; next year is going to be much worse than this! so in conclusion

Good Luck everyone

[endlessmountain]

Im not big on the one particular days as the time frames I use on Mayan Calendar are pretty much always in a range area date, like the AUG09-APR10 time frame I have talked about.

[goodagofilms]

Oh i see; now thanks .

[BackBurnerNews]

Thanks Derek!

[strawjam59]

two years ago the dow was 12500, silver at 17.70 and the dollar was at 74.8 sound familiar ? nothing has change to prevent the same thing from happening again..look for dow at 4500 by this time next year. an endless cycle ,afterward precious metals rises 30 to 40 percent each time. this could go on for years

[endlessmountain]

and the dow is down almost 20% since then.

[REDEMPTIONthreadz]

don't forget about where crude oil was in that scenario. It's going UP, UP , UP

[TheMetalPerson]

Which will cause these so called "green shoots" to go DOWN, DOWN, DOWN!

[AR15Truther]

Thank you for educating us,

I enjoy and look foward to all you videos.

[wildnutria]

Derrick , what do you for a living??

[endlessmountain]

I am a conscious co creator

[detroitgreeks]

74.94 2pm 10/21/09.....Wowoh. Do i even ask where the bottom is..Im sure it could rally back but Im not sure if it can. What does this mean for oil prices and metals..I think we all know the answer of that one!

[notdeceived]

Thanks for responding to my question.

USDX - $74.96

[link2randle]

Stock market is going to the moon... Get on and enjoy the ride

[endlessmountain]

if the market goes to the moon, so does inflation as the market has historically been a great accurate read of inflation.

[TheMetalPerson]

Shit. is that why we're nuking the moon?

We're always pushing everyone around....

[jcattera]

Today, the US dollar just broke the $75 handle!! It's a new 14 month low compared to other currencies. The Oct 25th date predicted by Webbot is more than likely coming true.

[fisheggs73]

Thanks Derek. Great info as usual.

If the dollar tanked even harder - would this imply the stock market would go even higher as we have seen?

[endlessmountain]

It may, but when panic is on the street, I do not see people buying into equities. It should eventually work out this way.

I am still a believer that the powers that be would want to wash out the stock market to get as many people to get out when the market is lower.