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Impending Crash?

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http://market-ticker.org/archives/1390-Impending-Crash.html

Nobody - and I do mean nobody - is talking about what this sort of volume pattern means. Well, I will: this is the sort of pattern that precedes an all-on equity market collapse. It strongly implies that the only volume support that the market has is from "hot money" speculators.

One day he'll be right.

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In all fairness, he has been pretty much spot on for the last 2 or so years.

I don't think he is too far wide of the mark at the moment.

Just listening to his most recent Blog Radio Show:

"Somewhere out there lies the trap door for the US Economy".

I agree. It wasn't meant as criticism. I'm shorter than a dwarf in a limbo contest, so hope he is.

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I agree. It wasn't meant as criticism. I'm shorter than a dwarf in a limbo contest, so hope he is.

:lol::lol::lol:

A+ for that one!

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Guest The Relaxation Suite

Gradually more people are catching up to what some of us have been consistent about for months. Volume is falling away, the Chinese markets have had a massive equities sell-off and there is 30 times more insider equities selling than buying on the Dow. This autumn the markets crash big style.

For me, this is all a given, but what I am speculating about is how will governments spin it?

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Time will tell, however the current market optimism appears to be built on some very strong happy clappy pills.

The fundamentals look very worrying and the underlying problem of debt still hasn't been tackled apart from the £600m we managed to pay off our £1.46tr debt mountain.

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Denninger does change his tune. Before the bailout bill was passed he warned of

. Then 6 months later he predicted the dollar would reign supreme. These views are completely at odds with each other.

I like his postings but always bear in mind he is a drama queen

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Denninger does change his tune. Before the bailout bill was passed he warned of
. Then 6 months later he predicted the dollar would reign supreme. These views are completely at odds with each other.

I like his postings but always bear in mind he is a drama queen

oops wrong vid - i think this is the

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oops wrong vid - i think this is the

That's interesting. I thought Denninger always said there would be deflation.

I've never quite understood why he thinks deflation is the only option now that the ratio of debt to GDP is so high. He has never explained why raw money printing is not an option, and he has never explained what would happen if the US government printed raw money instead of the current situation where the US Federal reserve prints money to purchase new treasury bonds, which is an increase in debt.

Does anyone who reads Denninger understand this? And can you explain it please?

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This stock market rally was bound to come to a halt at some stage, and most likely candidate was this month.. september is rarely a good month for stocks and the excessive exhuberance of the last couple of months just had to end.... now we'll see where it will end.

I do not think new lows will be tested, we'll see a considerable fall but I don't think for the medium term the market will make its mind up bear vs bull for quite a while yet.

I suspect news of the markets coming off will have a knock on effect on the trajectory of news stories and the media and we'll start to see some "we are not out of this yet" type headlines coming through. This will drag consumer confidence down and will I think have a knock on effect on house prices.

I am still not convinced that we have escaped a severe second dip , but I think we have...

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I am still not convinced that we have escaped a severe second dip , but I think we have...

Globally we might escape a second downward leg but I can’t see how the UK exits its current QE plus £200 billion annual PSBR strategy without further serious problems. Something’s got to give sooner or later.

As far as the wider recovery goes, all we’ve got so far is a few forward indicators that are just slightly north of neutral. I’ve seen no credible explanation as to what is going to drive global growth going forward. The western consumer is in even more debt that it was 2 years ago, the stimulus packages can’t go on for ever and none of the imbalances that caused the crisis have been addressed.

It’s still a big mess from my perspective.

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