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This Isn't Just a Correction... The Second Round of the GREAT Crisis is Here!
I warned all through the last week that the market rally was just a snapback bounce common to collapses. Indeed, as noted before, during the 2008 Crash we had bounces of 11%, 17%, even 20% as the market worked its way lower.
So it should be no surprise that after rallying 10% in a week or so, the market is now rolling over in a big way. You don’t wipe out 9 months’ worth of gains in two weeks from a simple correction.
Treasuries know this. They’ve already taken out their Euro Crisis 2010 highs:
And then of course there’s Gold, THE catastrophe trade, which has just hit new all-time highs against the US Dollar, Euro, and Japanese Yen:
And people were really thinking the bounce was the start of a new sustained rally?
The facts remain: the financial system is now more leveraged than during the Tech Bubble, mutual funds are more heavily invested in stocks than at any point in the last 40 years (hello redemptions), the derivatives market has not been reined in, the global economy is once again turning sharply downward, the EU and European banking system are collapsing, the US economy is now clearly in a double dip (within the confines of an ongoing DE-pression), and China is heading into a hard landing…
You don’t get a simple market correction from this. Indeed, we’re now officially in the Second Round of the Great Crisis. And if you thought the first Round of the Financial Crisis was bad, wait until you see the next one. Indeed, I fully expect that what’s coming is going to be 2008 on STEROIDS. I’m talking about market crashes, civil unrest, riots, bank holidays and more.
Many people will lose everything in this mess. Yes, everything. However, you don’t have to be one of them. Indeed, my Surviving a Crisis Four Times Worse Than 2008 report can show you how to turn the unfolding disaster into a time of gains and profits for any investor.
Within its nine pages I explain precisely how the Second Round of the Crisis will unfold, where it will hit hardest, and the best means of profiting from it (the very investments my clients used to make triple digit returns in 2008).
Best of all, this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com and click on the OUR FREE REPORTS tab.
Good Investing!
Graham Summers
PS. We also feature four other reports ALL devoted to helping you protect yourself, your portfolio, and your loved ones from the Second Round of the Great Crisis. Whether it’s my proprietary Crash Indicator which has caught every crash in the last 25 years or the best most profitable strategy for individual investors looking to profit from the upcoming US Debt Default, my reports covers it.
And ALL of this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.
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Didn't hear the bell for the first round to end.
Hey Graham: please hurry up and go fuck yourself. Hard enough to cease and desist from all future ZH posts. Thank you and please don't have a nice day!
Shit a Brick, how can Mr Summers be induced to withhold these posts?
Dear Phoenix Capital; I have a comment to make. With regard to all your wonderful prognostications and pontifications; please Get Stuffed. Thank You.
Indeed. I would have more use for Hen Shit on a Pump Handle.
Hen shit on a pump handle? Good God man, leave the woods occasionally.
courtesy of "city slickers", last scene at the ranch when they return the cattle herd.
If someone really had a foolproof way of making money on the market, why would they ever share it with anyone?
For the same reason Graham has been peddling his secret insider info into $350/oz gold until very recently. He is the consummate JERKOFF!
Gold to 12,000. ++
A horrible feeling: What if they only allow old FRN to be exchanged for NWO-new RN and not allow gold to exchange directly or tax gold heavily?
Just asking...
People who passively accept ANY currency issued by the same old CRIMINAL CARTEL, whether backed by gold, silver or Justin Bieber should be dragged out of their stores, offices and shot in the head!!
I would be happy if you would learn English.
Piss off!! Is that clear enough for you?
I would like it much better if Mr Summers just palced an ad on ZH and saved us from his dribble.
That's what I was thinking. Rarely any new content or analysis, just a bunch of "the sky is falling" (no kidding?), followed by a link to his (email address acquisition) free report.
How did the Govt get all of its gold?? They confisicated it at $25/oz under penalty of imprisonment. Talk about losing it all. Try fleeing the country with your gold? Yea, call a lawyer and go to court in Panama with the USA Govt seeking you.
You mean THE GREAT CRISIS, THE CRISIS TO END ALL CRISES. WOW, THAT WOULD REALLY SELL THE SEER'S SOLUTION.
That is a great SPIEL to sell Seersucker pants to all and sundry who need a new ward robe to match their new portfolio of pots of GOLD.
All you need is hushuppies casual shoes and you are decked for the new age. As the gold plated Oligarch.
This isn;t just a newsletter, this is the 2nd round for you to buy my newsletter and lose all your money. Better get in quick.
third round. for some of us we had a round back in 2002.
just a thought... why would someone who already hates his info, read his thoughts...i guess the way the people that hated howard stern listned to him also......just sayin'