Economic Collapse/Stock Market Update (Feb 21, 2009)

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I am looking for a shorterm bottom! This doesn't mean that it will happen, but I will be keeping my eyes open for it. I am also aware that at any time a stock market crash may happen and that it is time to be ready for it. The VIX index which tracks fear is very low and this is an indication that a crash will not happen soon however. CNBC mentions that it is time to get out of the stock market and that is a tell in my opinion that we may have a shorterm reversal. Patriot Radio is talking about a long delay in this collapse which is also a tell for a shorterm bottom.

The banks being nationalized or the rumors that they will be, have had the financials sell off very hard. This could mean banks like Citigroup and Bank of America common stock could be worth 0.00. I am not sure on this and I guess we will find out in the next few months when the banks do get nationalized.

Rick Santelli. Good job my friend in showing your passion and speaking truth on the mainstream media. That was very brave and noble of you. We need more people like yourself in the media circle. You rock my friend :)

The Dow Jones will get halted on the following conditions right now:

DOWN 850 POINTS
for one hour if it is 2pm EST or earlier
for 30 minutes if it is between 2pm-2:30pm

1700 POINTS
Before 1pm EST for 2 hours
1-2pm EST for 1 hour
After 2pm EST for the rest of the day

2600 POINTS
-Will be closed for the rest of the day

If it does fall this low, do not be surprised to see a bank holiday. If you are not sure what a bank holiday is, I recommend a google search or if you PM me, I will let you know.

Gold climbs over 1,000/oz on Fridays trading day. It has not seen this level since March/08 and eleven months later it is back to its level. It will most likely have a difficult time breaking the resistance of 1014 high that we had at this moment. It may even fall over 10-15% in the next little while if the bottom hits. This of course is something that could be very good for gold as this could create an inverted head and shoulders pattern which would increase the price of gold to over 1,600 per oz. Also, the price of the DOW in gold is at 7.4oz. The DOW was 10 oz of gold at the end of the year and was around 43oz of gold almost a decade ago. It has twice been even with the DOW and Peter Schiff's predictions on this has been spot on so far. He has done a great job with this.

STOCK RECOMMENDATION:
If you plan on trading stocks, you are involved with gambling, and stocks is the most skilled form of gambling.
TECK COMINICO LTD.
CODE - TCK (in USA)
CODE - TCK.B (in Canada)

This stock is also available on other countries exchanges and has very good equity, income and debt. This stock is way oversold and has a very good chance of having a nice bounce. It would not surprise me to see this stock go over 10.00 per share in the next few months. This company is primiarily in Copper/Zinc/Coal/Gold/Energy

Thank you for watching the video and reading this article.

Peace and light everyone and have a great day.

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[jjhonnyem626]

look man gold is not going to save u k.The gov will seize the gold silver what ever u have there are bills that give the gov to these kind of actions and these are just some few.Plan of survival skills and stop about geting rich on gold or siver just keep some just in case remember food is the bigest weapon any one can have is the us collapses.Plus the marker may never come back i agree.

[endlessmountain]

Thank you for the worst case scenario. Most likely that will not happen but I do enjoy your comment. And if it does, then great :), that will be something that I will have to experience in the game of life. I don't have gold myself but do own silver.

I don't think anyone can say too many details of what the death of the dark ages will have other than this economic collapse, food hunger, bees dying, climate change and others

[MasterTerran]

hey,does anyone know eyezbback and his alien deceptions account,the account has been suspended,and the site closed,whet happened to him???

[endlessmountain]

That is sick! I loved listening to coast to coast on that channel. If it says account closed that was the user closing it like SupaFaith did. However this is sick because the "ELITES" have little love to have the message being spread.

[1989kirby]

i thought they halted the dow at -10%?

[endlessmountain]

I did also. Reuters is the source for this I think on the numbers I gave. I read this from Yahoo Finance article on Friday and those were what they had. Now that you say that, I will include my favorite links for the week as I should start saving the good ones. However Patriot News said in Oct or Nov ov 08 with numbers I think were different and I used to here the 10%, 20% and 30% rule they used to have in place. So maybe they do not know what it is. I'll start giving some links

Peace

[starlo3]

I really recommend you watch this movie called Zeitgeist Addendum. It's a great movie that very well explains a lot of important information about our economic system. It has been shown at the Artivist Film Festival in Los Angeles, CA. and won their highest award in OCT, 2008.

[AwisemanisStrong]

See NWO Solution

[STOPGLOBALSTUPIDITY]

BOTTOM? BOTTOM? It's called global politics. When the enemies of the state are subdued then thing will change. Quit looking for a answer from the thought cops!

[TradingWithAnEDGE]

That's right,, bottom not done... we only need more buyers... so the "Professional's" can take the MONEY... good video!

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LOOK at my videos on DAY TRADING

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Enjoy

[77sporty]

the market may never come back. beware

[limitedplay]

this is getting scarry because its so close.