A Stock Market Crash is coming!

Haven't checked trendline but pretty close to support on the wedge...if it breaks that spy going to 122.50

It closed right at support. Was hoping to see it break through, which it did but it climbed back in the last few seconds.

But SPY is making new lows in the AH ..so far so good.

Up $1,200 on VIX calls and they're gaining in the AH. Up over $1,300 now as SPY makes new lows.

vvv This was as of the market close.

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Explain to what exactly is backing USD, what makes a dollar worth a dollar.

Then answer me this based on your answer... Why cant we trade that instead? [pic]

I Don't even pay attention to after hours until morning...some news will hit overnight sending it up or down. Past two days right after markets closed it went up but both times the next morning opened down

I do think it will go down tomorrow (been saying that all week though lol). If you need[..]urance we'll go down I closed all short positions in cnbc after holding since last week because I was tired of waiting for it to make a move...so you can bet it will tank [pic]

I know china has a gold reserve, and is probably going to use it to back the yuan...

I know that Gaddafi wanted make oil sales exclusively with yaun currency...

I bought some SPY puts at the end of the day. Markets aren't going anywhere this week, and I have Calls on a few stocks anyway. You can't go wrong hedging during these times anyways

how do i open an etrade account?

^ go to e-trade.com and open an account....

there's a big difference between can't and won't. They can print those bucks till they are completely worthless which is whats going on right now, you're basically depending on some kind of decrease in inflation because you think that these people won't purposely k!ll the currency. I expect the opposite. The dollar will continue to weaken and decrease in value while the worth of gold and silver will continue a st@ble incline. FIAT currencies always, especially one like ours with a $10 for every $1 fractional reserve system. The smart long term investment to me just seems like a common sense decision because gold will ALWAYS have some kind of worth while the dollar can easily become nothing but a useless piece of paper at any given moment

You know im telling the truth...

Keep playing the white mans version of corner dice gambling for dollars.

Derivatives................... [pic]

The future of the stock market does not exist.

2012 will be the end of it. [pic] And the USD with it.

Derivatives were brought to Europe by black people, Moors. But anyways, 07media is going in, people should definitely be using the options vehicles to short some indexes because we will see a lot of defaults and capital flight within the next few months.

Don't just pay attention to equities though, look into commodities. Every should be aware of most of the commodity's inverse relationship to stock market trends, if not go read the commodity index booklet for historical prices.

I will be shorting some of the euromarket instruments, in particular eurodollar futures, as soon as my software gives me the signal.

In terms of OUR current economic structure, i dont see the correlation between a commodity such gold, and the market. [pic]

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In the 2008 market crash Gold fell from over $1,000 an ounce to below $700. The Dow fell from about 14,000 to 6,500. Dow lost just over half of it's value, Gold lost about 30 - 35%.

Since the 2008 crash the Dow went from 6,500 to just under 13,000. It about doubled in value. While Gold went from about $700 to $1,900. Up about 170% since the 2008 crash....

In the recent correction Gold fell from about $1,900 to $1,600 losing about 15% of its value. The Dow fell from about 12,700 to 10,600...losing about 20% of its value.

The difference now is that the Gold/Silver run has actually become a bubble. They are extremely overvalued which is why you saw it drop $300 an ounce in 3 weeks. The same thing happened to Silver back in May. It lost 20% of its value in like a week..and it still hasn't recovered.

So during the next crash Gold will lose more than 30-35% of its value unlike the last one. Gold will go back below $1,000 an ounce IMO. Probably towards $700-800.

Gold has a direct relationship to equities, wether you believe it or not. You should really do your research and look at historical charts instead of listening to the news [pic]

but hedge fund managers are saying gold will go back up as the equity market goes down. I think it'd be wrong for us to say they don't know what they're talking about, but would you have a clue on why they would say such a thing?

Haven't checked trendline but pretty close to support on the wedge...if it breaks that spy going to 122.50

Nice post...but one question.

I'm not fond of listening to analysts or CNBC for that matter because they tell us what they're paid to tell us, not what we want to hear...but hedge fund managers are saying gold will go back up as the equity market goes down. I think it'd be wrong for us to say they don't know what they're talking about, but would you have a clue on why they would say such a thing?

I don't plan to get too complex in this market anyway. Just usual put positions and I won't even be doing that in stocks. Just the SPY and DIA.

They have positions in gold. They have their own agenda as well.