1929 Stock Market Crash (Part 3)

The financial memory only lasts about 30 years then analysts, bankers and

regulators fall victim to greed and fear. No matter how much they fiddle

with interest rates, Bob Marley said it best: "One day the bottom will drop

out..."

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[MisterQuebec]

I'm mostly interested in determining the signs in this video of an upcoming depression. An obvious one: The stock market is going dramatically downwards. Can someone list the others for me?

[DeBunker7]

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]

Its happening now. Fasten your seat belts.

[glassvision]

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.

[sarahnewt]

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 ! (;-}

[yangbob1]

@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.

[FreeSTOCKnolossROBOT]

All your videos are great.

Thank you very much

[sumala321]

Private central bank... gee i wonder what could go wrong "DERP DERP"

[dragonheadofthewest]

in jesse livermores book he says that jp morgan came to him begging to stop trading so the market can recover lol

[JAVMAN83]

@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.

[StockGuyTips]

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.

[ani451]

I've got a feeling this next depression is gonna be even uglier.

[jdbrown371]

@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.

[jpandyaraja]

@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.....