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Expect The Mother Of ALL Stock Market Crashes. By Gregory Mannarino


bostonangler
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Oh boy, Mr Doom and Gloom is working overtime today.  The Sky is falling.

 

Every time there is a decent drop in the market we see doom and gloom articles, and people on TV shows talking like it is the end of the world.  Pull backs, and even corrections are part of having your money in the market.  If you are smart you hold back some cash to take advantage of these sell offs and dips.  My advice to people is simple, if you are not comfortable take some off the table.  Most of you will be ok if you just do nothing as long as you have a long time horizon.  

 

Here are some things to remember and watch for in the coming weeks, 

 

1.  August is traditionally one of the worst months in the market. You can have big swings on low volume as many are on vacation.  

2.  We haven’t hit the June lows yet

3. If we do break the June lows the next support is the Dec lows (2018)

4.  Watch the 50 day moving average. If it crosses the 200 day moving average this usually signals a deeper drop.  

5.  We are still a ways from the 50 crossing the 200 dma

 

Im talking about the S&P on the Moving Averages and Supports.  If you are worried call your broker or do your own Due Diligence.  I’m just giving you some of my years of experience as a trader, I am not a broker.  Yes, things could be different than a normal sell off this time and you need to pay attention.   The bond inversion has people spooked, the trade war is hurting earnings and future earnings, we have been in a 10 year plus Bull Market with a lot of QE money that drove the market up for years. Many of the big boys and rich people have gone to cash.  

 

Just be diligent the next few weeks to make sure this market doesn’t hit some of the things I mentioned above.  I am putting together my buy list and waiting for a bottom.  I am also playing gold (long), oil (short) and Day Trading what I think is an opportunity to make a few bucks. Today I shorted an oil company, stock ticker XEC.  If I see the end of the world or the sky falling I will Alert you.  

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Hey Pitcher, I agree, I know you're a trader and I used to do some of that myself years ago. These kinds of market are a beautiful thing for traders. When i was trading the market was Flat, really sucked and as you know hard to just sit on your hands... The thing I don't get is why the safe havens don't explode on these down days. Gold was up what .20 cents and bitcoin really took a hit. I'm guessing it's the BIG BANKSTERS that are manipulating things. They are always the biggest players..

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Yes, 64 jag, I had my gold and silver watchlist on my layout and couldn’t believe we didn’t get a bigger bounce. I actually played NEM for 20 minutes and then it came down.  I bailed with an ok gainer but was shocked.  I switched to XEC and was in for most of the day.  

 

Its taking me years to understand the game but I finally got it, but it’s never easy, especially in markets where you get the big premarket gaps up or down.  

No doubt the Crooks ( Banksters) are having there way with this Market.  We go thru this crap every August. Run em DOWN during vacation and buy em back in Sept 

“ On Sale”. That’s why I hate the scare articles.  There is a time to sell it and run for cover but not yet.  

 

 

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Mannarino has been saying this for the last 10 years, right after Bush bailed out criminal bankers, strapped taxpayers with it, and that policy continued by Obama and now Trump. Greg and many others are quick to promote the fear porn in order to SELL something.

 

They have no other "plan", but all admins since Bush take the same stand. Bail outs, then strapped on the people. When the markets corrected back in November 2018, Mnuchin stated the same mantra of the treasury standing ready to help, etc., and it is always the people who shoulder it.

 

I am amazed so few noticed it back in 2008, Bush got away with what should have been seen as a criminal act against the  people,

who had little to do with the housing crash, some borrowing more than they should have, but it was the lenders writing mortgages to those not qualified for the amounts lent, then wrapping them into "mortgage backed securities" (MBS) and selling them as fast as they wrote them.

 

Banks profited, then it went global and they all got nailed. Then were bailed out...the same action would occur today if it happens, and most would say nothing about it, but it gets politicized and everyone gets blamed except the ones who began the insanity.

 

Rewarding criminals within the system only encourages them to continue the charade.

 

 

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On ‎8‎/‎16‎/‎2019 at 3:46 PM, Jim1cor13 said:

Mannarino has been saying this for the last 10 years, right after Bush bailed out criminal bankers, strapped taxpayers with it, and that policy continued by Obama and now Trump. Greg and many others are quick to promote the fear porn in order to SELL something.

 

They have no other "plan", but all admins since Bush take the same stand. Bail outs, then strapped on the people. When the markets corrected back in November 2018, Mnuchin stated the same mantra of the treasury standing ready to help, etc., and it is always the people who shoulder it.

 

I am amazed so few noticed it back in 2008, Bush got away with what should have been seen as a criminal act against the  people,

who had little to do with the housing crash, some borrowing more than they should have, but it was the lenders writing mortgages to those not qualified for the amounts lent, then wrapping them into "mortgage backed securities" (MBS) and selling them as fast as they wrote them.

 

Banks profited, then it went global and they all got nailed. Then were bailed out...the same action would occur today if it happens, and most would say nothing about it, but it gets politicized and everyone gets blamed except the ones who began the insanity.

 

Rewarding criminals within the system only encourages them to continue the charade.

 

 

 

I didn't know Greg has been out there so long, but it is obvious that a correction is coming as they always do and who gets caught? The mom and pop investor. The 401K and pension holders who are always late to the profit taking party. 

 

B/A

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On ‎8‎/‎16‎/‎2019 at 4:11 PM, ladyGrace'sDaddy said:

:facepalm1::facepalm1::wub:

Change The Station 

 

Greg may be calling a crash a bit early, but even a stopped clock is correct twice a day. There will be a huge move down. The markets are like the ocean, high tides and low tides, you just have to learn how to ride the waves.

 

B/A

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