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2013: Stock Market Crash!

Pivotfarm's picture





 

They predicted it was going to happen long ago.

Are we talking about Nostradamus or even anything remotely as cheesy as him? We all know that was a load of baloney. Just hot air and wind! Right? The Mayans might have got it right after all. Remember, the end of the world for them didn’t necessarily mean the end of the world it just meant the end of a cycle. A new cycle might begin, just different, opening up a whole new world. So maybe that cycle did begin as the door closed on 2012. January came and went and we are still here.

But, there are people who are in-the-know and who are able to predict (or think they can) what’s going to happen even years ahead of when it actually does. Yet, we only look back and then it’s too late for the ‘if-only’ statements and weeping over the milk that got spilt. There’s no point looking back and regretting anything. Might as well listen to the people that have correlated the ups and downs in the financial markets. For once! What else have you got to lose?

If we are to believe what they said, then this is the year. 2013! It’s going to happen according to them. The stock-market is ready to crash yet again this year and this time it’s going to be a big one. Let’s take a look at what was said, when, why and by whom.

1.       Charles Nenner 

Claimed in December 2010 that the crash would occur sometime either in 2013 or just after. Although, we might ask if that is called hedging one’s bets. Nenner is a stock market analyst, right? But three years ago he developed a correlational theory that expressed the stock market moves as being influenced by sunspots.http://technorati.com/lifestyle/article/2013-catastrophic-economic-crisis-predicted/.

Anyone that wants to predict the downturn in the market will be able to consult the predictions of the sunspot cycle viahttp://solarscience.msfc.nasa.gov/predict.shtml. That means, in fact, that sunspot cycles are predictions that will enable us to make further predictions about the economic cycle of the world. Yeah!

2.       Peter Schiff

Predicted that the bang would occur this year too. This is the guy, you will surely recall, that was poo-pooed because he said in 2007 that the stock market crash of 2008 would occur. We were told that the economy back then had never looked so good. Now, he’s predicting the crash of 2013. Can we afford to turn a blind eye to this one? There will be a huge US Dollar drop and Treasury bond crisis. He says that the banks won’t hold up this time. They have been shored up once before, and they have passed Federal-Reserve tests regarding their ability to cope in the event of a crisis. But, he adds that they are not ready to pass any stress test for viability over a Treasury bond crisis like the one that is lurking behind the Fed’s door this year. Shiff is one of the few that believes it’s 2013 and that things are nowhere near the happy-go-lucky mark that people are spouting on about.

http://ivn.us/2012/10/28/peter-schiff-who-predicted-the-financial-crisis-forecasts-the-worst-to-come-around-2013-2/.

3.       Jeffrey Gundlach

Predicted the 2008 financial crisis too. Now, he is also one of the few telling us to prepare for the time-bomb that is about to explode. In January of this year, he said that the market was ready to implode. That’s all because we have been living on debt that has been piling up for thirty-odd years now. In the first decade we got hooked on debt. We must have been candy-flipping back then. We really jacked up, didn’t we? The second decade saw all of that go pear-shaped as we walked right into the sticky mess of the sovereign debt crises and the foreclosures. Our debt had become too big to be anything more than a big burden weighing us down. The third decade is just starting. It will involve rampant inflation that we’ll obviously try to control, but that we’ll make worse, debt defaulting on repayments as well as corruption galore. Lovely! Gundlach suggests that we should be moving elsewhere right now. Only problem is he doesn’t tell us where!  Does it all sound familiar, though?http://advisorperspectives.com/newsletters13/pdfs/2013-Market_Outlook.pdf.

4. Robert Weidemer

Robert Weidemer tried to get his video interview banned, but you can see it at:http://w3.newsmax.com/a/aftershockb/video47b.cfm?.

Weidemer predicts that unemployment will hit 50% in the USA. 90% of the stock market will be wiped out and there will be inflation of 100%. Too over the top? Well, Weidemer predicted the failings of the housing market and the catastrophic result on the world’s economies. The unsinkable USA almost sank because of it. Probably best to jump ship now.

5. David Stockman

David Stockman predicted a few months ago that we were on the next train to stock-market hell and there were no tickets left for a return journey. That’s because, according to him, the Federal Reserve has been dishing out too much monopoly money. There are no real gains in the economy, just phony spoof-like patchwork. But that’s ready to pull apart. How can you not believe Stockman with a name like that?http://moneymorning.com/2013/04/01/is-david-stockmans-stock-market-crash-prediction-on-target/#.UbB_tvm9ByI.

The bursting of the dot com bubble cost us in the region of $5 trillion from 2000 to 2004 as it bust in our faces and brought the world down. That was even bigger in 2007, when it cost $7 trillion and perhaps we are still notching up the cost even today. How much is it going to cost this time?

Believe it or refute their claims as drunken beer-talk down the local pub. But, when (or if) it happens, no point telling anyone that you didn’t know. You can lay off the ‘what-ifs’ now. They won’t wash. I’ll just say “I told you so”. Maybe the Mayas got it right after all. The new cycle might begin this year. Just have to figure out what that new cycle will include, don’t we? The death of the dollar? The Death of our economies? A new cycle? But, hey, if the predictions were as worthy as all that, we wouldn’t be doing much all day, would we? I wouldn’t, at least. We would be acting on them, wouldn’t we? Or maybe we are just non-believers.

 

What do you think? Are we F***ed?

And Who Else would you add to the list?

 

Originally posted 2013: Stock Market Crash!

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Thu, 06/06/2013 - 16:05 | Link to Comment Patriot Eke
Patriot Eke's picture

No one will care when the nukes hit.

Thu, 06/06/2013 - 15:08 | Link to Comment Surging Chaos
Surging Chaos's picture

I expect a crash to happen after the debt ceiling "showdown" that's supposed to happen some time in September. It will be just like what happened in 2011: a lot of talk and drama, but the debt ceiling gets raised at the last second. Expect this time, this will probably be the moment when creditors realize that the US is just going always to devalue its debt into the ground.

When S&P downgraded US Treasuries in 2011, the markets tanked big time. If there's another downgrade, look out below.

Thu, 06/06/2013 - 15:04 | Link to Comment MGA_1
MGA_1's picture

Nah... but a correction certainly isn't impossible.

Thu, 06/06/2013 - 13:51 | Link to Comment moneybots
moneybots's picture

"Weidemer predicts that unemployment will hit 50% in the USA. 90% of the stock market will be wiped out and there will be inflation of 100%. Too over the top? Well, Weidemer predicted the failings of the housing market and the catastrophic result on the world’s economies."

Ravi Batra predicted the Great Depression of 1990.  He missed the fact that the cheap credit redux of the roaring 1920's had to come first.

The regression line rises.  In 2000 the market was well above it and in 2008 fell below it.  We have come back up to it.  Another crash of some sort will leave us below it, but as the line is always rising, i doubt we willl see S&P 666 again.  Although the "death of equities" was in 1982, the DOW never saw the 1974 low again.

Weimer predicted the failings of the housing market, well so did i.  I used to get kidded at work because i said housing was in a bubble and it was going to burst.  Along with that i saw there was was a derivatives bubble that kept growing astronomically larger and larger.  But in the end, the government borrowed a lot of money, and the market dropped 57% on the S&P, not 90%. 

 

Thu, 06/06/2013 - 13:39 | Link to Comment Nue
Nue's picture

The Federal Reseve is fighting a war on all side. The Dollar (Currency war), The stockmarket, Uemployment, The Bond market, The housing market, The Shadow banking system. The Gold market. All while having 600 something congress critters chasing them screaming "By God we've got elections coming up this economy better not crash!" It's like trying to juggle chainsaws while being chased a pack of angry bears. Even if you escape the bears chances are it's because they got distracted by your severed limbs.

Thu, 06/06/2013 - 13:36 | Link to Comment Mr. Hudson
Mr. Hudson's picture

These guys sell paranoia. But nobody sells paranoia better than Alex Jones, who is a mixture of Fred Flinstone, Ralph Kramden, Rush Limbaugh, and Billy Sol Estes.

Thu, 06/06/2013 - 14:26 | Link to Comment NoTTD
NoTTD's picture

It's not paranoia when they're really after you. - Dr. Johnny Fever.

Thu, 06/06/2013 - 14:14 | Link to Comment Barking Spaniel
Barking Spaniel's picture

Paranoia is one thing, but the economic trends all point to one direction: down.

Thu, 06/06/2013 - 13:21 | Link to Comment Barking Spaniel
Barking Spaniel's picture

An alpaca farmer near my house has a bit too many animals to sell and is betting he'll be okay due to an economic recovery.  So does anyone on here want some cheaper alpacas a year from now? They're kind of cute and their poop is considered "green." 

Thu, 06/06/2013 - 14:25 | Link to Comment NoTTD
NoTTD's picture

When it's actually green, the price will drop accordingly.   Let me know then.

Thu, 06/06/2013 - 13:29 | Link to Comment tip e. canoe
tip e. canoe's picture

i'm in...at a right price...certainly not anywhere close to what he's dreaming he'll get though.

great thing about them is that they shit in one place, so it's easy to collect for compost.

Thu, 06/06/2013 - 13:42 | Link to Comment Barking Spaniel
Barking Spaniel's picture

This is true! I have personally helped shovel many a pile.

Thu, 06/06/2013 - 13:20 | Link to Comment g'kar
g'kar's picture

If you look at the S&P500 just after Clinton repealed the Glass–Steagall Act in late 1999, we are watching the 3rd hump on the camel form.

Thu, 06/06/2013 - 13:14 | Link to Comment moneybots
moneybots's picture

I channel surf and come across CNBC.  I watch for a few.  Various guests are sitting, discussing.  3-5% pullback, yada, yada, non chalantly.

What was it, last august, i am getting E-mails of a critical warning number 6, which is supposed to happen in the next 6 months.  it now is June next year and it still has not happened.  Now i am getting E-mails again: critical warning number 6.

All parabolics fail and the market is parabolic, but how far will it fall?  The FED is trying to talk the market down, but at the same time says it will add or subtact QE as needed.

In 1998, Barrons ran an article titled"Iis it 1929?", as the DOW headed towards a bear market. Shortly after, Greenspan dropped the rate to 4.75 and the market was off to the races.

The big question is what happens after the FED comes to the rescue this time.

 

Thu, 06/06/2013 - 15:22 | Link to Comment MicroSecession
MicroSecession's picture

What is the Fed going to do, loan money at a negative interest? 

Thu, 06/06/2013 - 14:11 | Link to Comment dontgoforit
dontgoforit's picture

The Fed is out of steam.  This crash, when it happens - tomorrow, next week, next year - will send the DJIA back to the 4-5000 range.  Hurt.  Like hell.  Vaporization of more wealth than has ever been seen in history.

Thu, 06/06/2013 - 12:55 | Link to Comment lasvegaspersona
lasvegaspersona's picture

Max Keiser APRIL 2013...

Thu, 06/06/2013 - 12:53 | Link to Comment lasvegaspersona
lasvegaspersona's picture

Friend of Another (FOA) 'sometime between 2000 and 2010'. He was predicting a transition to a gold backed (gold stabilized) currency system (ala the Euro) called freegold. Current thinking is Mid 2013. Signs that is underway include: a falling price of gold driven by the paper market, vanishing stores of physical gold in the inventories of bullion banks and ETFs and increases in central bank acquisition. The collapse of the gold market will be followed by a physical only gold market with a very much higher price of gold. This could occur as a sudden reset rather than the usual hyperinflationary scenario.

FOFOA has picked up since 2008 in analyzing these possibilities.

Thu, 06/06/2013 - 12:51 | Link to Comment OpTwoMistic
Thu, 06/06/2013 - 12:29 | Link to Comment notquantumdum
notquantumdum's picture

'Looks like the S&P just went below the 50-day.  Watch out below!

Thu, 06/06/2013 - 12:38 | Link to Comment NotApplicable
NotApplicable's picture

Quick, BTFD and prop that shit up!

Thu, 06/06/2013 - 12:26 | Link to Comment Mojeaux18
Mojeaux18's picture

Nenner has been saying this for a while.
But Schiff has been less accurate.  In 2009 he was saying it might occur in 2011/2012 or later.  I think he's quite excitable and says it will happen just over the next hill. 

Thu, 06/06/2013 - 15:26 | Link to Comment MicroSecession
MicroSecession's picture

I don't see why someone should get the year right.  If they do, it's simply luck.  Math tells you a lot of things, but it doesn't tell you what people are going to do.  What Schiff does great is get the fundamentals right.  The result is based on the fundamentals, but the timing is dependent on the people involved.  If someone is a drunk, you can warn them that they need to fix their habit or they will lose everything.  You might not know *when* they will lose everything, but that doesn't mean that your analysis of their fundamentals is incorrect.

Thu, 06/06/2013 - 13:15 | Link to Comment GoldForCash
GoldForCash's picture

No economist ever dreamed we would allow counterfeit money printing. Then they used it to buy into the stock market. Take out the monopoly money and the dow would have crashed the last year Bush was in office.
I'm not gonaa pay for that....but then I probally will...

Thu, 06/06/2013 - 16:15 | Link to Comment Citxmech
Citxmech's picture

The fed's 2% target inflation rate presupposes counterfeit money printing - albeit at a much less stupid rate than they're doing at the moment.  Either way, the end of the system was predetermined by the nature of the system itself:  A debt-based, fractional reserve, monetary system  must end in either a deflationary collapse, or a hyper-inflationary spiral, out of necessity (assuming a finite resource base).

Thu, 06/06/2013 - 12:21 | Link to Comment NoTTD
NoTTD's picture

If the writer wants attention he'll have to change this to highlighting those who predicted the winners on American Idol and Dancing with the Stars.  Also, who predicted Kim Kardashian would get pregnant out of wedlock?  By a second class rapper?  

 

Enquiring minds want to know.

Thu, 06/06/2013 - 12:06 | Link to Comment Herkimer Jerkimer
Herkimer Jerkimer's picture

'

'

'

'

Yes. We're F***ked.

 

•J•
V-V

Thu, 06/06/2013 - 21:00 | Link to Comment kchrisc
kchrisc's picture

I sure hope Schiff goes around doing interviews on all the propaganda media outlets. That way I can start a new collection of ridicule and snicker at Schiff videos.

Oops!

Edit: I sure hope Schiff goes around doing interviews on all the propaganda media outlets. That way I can start a new collection of ridicule and snicker videos of talking heads and idiots ridiculing and snickering at Schiff.

I hope that that fixed that little grammar problem.

Thu, 06/06/2013 - 11:49 | Link to Comment Handful of Dust
Handful of Dust's picture
Zillow CEO: Rising Mortgage Rates May Trap You

 

.

http://finance.yahoo.com/news/zillow-ceo-rising-mortgage-rates-145941720...

Thu, 06/06/2013 - 12:04 | Link to Comment Praetorian Guard
Praetorian Guard's picture

"If you have any equity in your home and you're thinking about selling in the next couple of years," he continued, "[it's] probably best to sell now, even though home values are continuing to rise."

 

FAIL... douche bags, all of them. Interest goes up, housing prices collapse. What a tool trying to scare people into buying now...

Thu, 06/06/2013 - 12:36 | Link to Comment NotApplicable
NotApplicable's picture

Since when does basic math matter in Bizarro World? If they want prices to go up, well all they've gotta do is to destroy the market with more "free" money for their friends.

Personally, I think he's trying to scare people into selling to one of Benron's free-money minions, as private home "ownership" is NOT part of our future.

Thu, 06/06/2013 - 11:49 | Link to Comment maskone909
maskone909's picture

funny thing is....  the consensus shows that a crash is expected.  but everyone wants to be the guy who said, "see i told you it would be on october 2nd at 9:27 and 33 seconds, now where is my fucking book deal and T-shirt?"

Thu, 06/06/2013 - 12:33 | Link to Comment NotApplicable
NotApplicable's picture

Well, regardless of words (spoken or written), everyone by now should understand that the system is wholly unsustainable, and that a crash of some sort cannot be avoided.

Thing is, with all of the broken metrics (thanks to the criminal cartel dba "The Fed"), who could possibly know when? (other than the masterbreakers-in-chief who can see behind the curtains)

Thu, 06/06/2013 - 14:31 | Link to Comment FreedomCostsaBu...
FreedomCostsaBuck-o-Five's picture

I think your autofill feature miss filled. Shouldn't that be 'masterbators-in-chief'?

Thu, 06/06/2013 - 12:23 | Link to Comment NoTTD
NoTTD's picture

Do you think there will be t-shirts?

 

Because I need a good post-apocalyptic t-shirt.

Thu, 06/06/2013 - 13:59 | Link to Comment Winston Churchill
Winston Churchill's picture

Edible with matching panties fr the missus/sweetheart/mistress  ?

May they never meet.

Thu, 06/06/2013 - 13:32 | Link to Comment Nue
Nue's picture

How about "I'm not tasty please eat someone else."

Thu, 06/06/2013 - 13:16 | Link to Comment Rattling Bones
Rattling Bones's picture

I want one of those cool barrels held up with suspenders.

Thu, 06/06/2013 - 12:14 | Link to Comment kchrisc
kchrisc's picture

OK, here goes: Xenu told me August 2nd., at 2:30pm. Now accepting publisher bids via eBay.

Thu, 06/06/2013 - 11:40 | Link to Comment Clowns on Acid
Clowns on Acid's picture

Jim Cramer says it is clear sailing ahead and that Bernanke is a genius. How come he doesn't have Peter Schiff o his show?

Hehe...I know...alternative universe....

Thu, 06/06/2013 - 12:29 | Link to Comment NotApplicable
NotApplicable's picture

Even though your remark is disparaging, it still bothers me that you know anything that Cramer says (other than BooYAH!).

Thu, 06/06/2013 - 11:34 | Link to Comment Tombstone
Tombstone's picture

No crash.  It is not on Benny's menu.

Thu, 06/06/2013 - 12:27 | Link to Comment NotApplicable
NotApplicable's picture

Or at least not one lasting longer than fifteen minutes.

Fifteen milliseconds, on the other hand...

Thu, 06/06/2013 - 11:15 | Link to Comment orangegeek
orangegeek's picture

S&P500 Daily shows down turn ahead - crash/correction?  Not sure - no one can be.

 

http://bullandbearmash.com/chart/sp500-daily-falls-hard-closes-channel-s...

 

One thing is for certain - personal investors are getting hammered by the funds. 

 

Many are turning to a more self reliant approach.

Thu, 06/06/2013 - 11:25 | Link to Comment El Viejo
El Viejo's picture

"self reliant approach".  Yeah, it is the story of my life, but usually after being burned by someone else. My prediction for the utimate downfall was abut 2015 or 2016, but I've been wrong before. I see no reason why it can't happen in 2013.

Thu, 06/06/2013 - 11:15 | Link to Comment BraveSirRobin
BraveSirRobin's picture

Sell in May and go away.

Thu, 06/06/2013 - 11:12 | Link to Comment tango
tango's picture

Stock crash will happen - Version 101. 4. 3

Thu, 06/06/2013 - 11:37 | Link to Comment Skid
Skid's picture

Peter Schiff position is more about a crash in the US dollar than the stock market. Maybe the nominal value will not fall for stocks, but the purchase power for those same sotcks will fall. 

Thu, 06/06/2013 - 13:41 | Link to Comment Nue
Nue's picture

Dow 30,000 with a 50 dollar happy meal if you want a toy that will be an extra +10 dollars

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