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‘There’s no stopping it,’ warns Ron Paul: A ‘calamity’ could cut this market in half

Posted by freedomforall 7 years, 1 month ago to Business
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“The correction is going to be huge, and I don’t think anybody can predict, but I think this correction we had in ‘08 and ‘09 wasn’t allowed to really go its course and restore some sensibility to the market,” he explained to CNBC. “I think that’ll be a mild correction to what could happen.”


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  • Posted by $ blarman 7 years, 1 month ago in reply to this comment.
    Will it be a currency collapse or an inability to obtain currency that will trigger the collapse? Right now, what would cause the most damage is a run on the banks - you could bet that would absolutely create all kinds of problems as people try to get back out what they have in their savings accounts when its all tied up in others' debts.
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  • Posted by $ Abaco 7 years, 1 month ago in reply to this comment.
    Rats! Well, it's there. Look at slope, I guess. I think in terms of dp/dt - price and time. In short, though, is that this recent trend of big returns is not something investors should hang their hats on. But, they will...again.

    Oh, and everybody sucks at market predictions...haha. All we can do is identify what's happening (or try to), apply a little history, pay attention to current affairs, and hope a black swan doesn't show. Media is full of articles and interviews of experts calling for this or that...
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  • Posted by NealS 7 years, 1 month ago
    I listen to stock market advice from Ron Paul about as much as I listen to other politicians advice, about as much as I listened to Mark Cuban's advice if Trump won. I didn't. The market goes up and the market goes down, but overall, so far anyway in my lifetime, it has ultimately gone up. And it pays a lot better than the interest my bank pays me on my deposits. Even Paul Krugman's predictions are about as good as Michaels Moore's.
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  • Posted by Dobrien 7 years, 1 month ago in reply to this comment.
    Plenty of manipulators ready to prey on the uninformed. That will never change. An unfettered stock market is pure capitalism. you don't lose it all in one day if you don't sell. Just like your business if you had to sell it in 5 minutes you certainly would not realize the best price for you.
    I find people spend more time saving a couple hundred bucks buying a car than the due understanding the investments they make.
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  • Posted by Herb7734 7 years, 1 month ago
    I am weary of calamities.I've survived all of them that happened and those that didn't happen. If you go to a theme park and ride the newest, scariest, mind-blowing coaster, you'll inevitably find at the end, "Well, that wasn't so bad." So it is with the latest "calamity." If you wish to emulate Al Capp's Joe Biltzlflk, the guy who goes around with a gray cloud over his head that's constantly raining on him - well then, go ahead. As for me, I'll look beyond the cloud and see "Beyond The Blue Horizon."
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  • Posted by 7 years, 1 month ago in reply to this comment.
    300% up in the Dow since 2009. Lots of room for a 60% drop. WS will profit at everyone else's expense as usual. For them it's a zero sum game because they produce N O T H I N G (but misery.)
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  • Posted by term2 7 years, 1 month ago in reply to this comment.
    just wait until the next drop. the wall streeters will want to cash in on all that money that people have put in to get it to the levels its at
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  • Posted by 7 years, 1 month ago in reply to this comment.
    Except that Wall Street's take from this rigged game is immensely greater than the small percentage taken by a casino. Wall Street's propaganda machine is unparalleled in stealing from it's own customers.
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  • Posted by term2 7 years, 1 month ago in reply to this comment.
    I tend to think that being in the stock market is a form of gambling, just like the various lotteries and Las Vegas gambling.
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  • Posted by term2 7 years, 1 month ago in reply to this comment.
    the stock market is just a system for trading paper expections of what the government can do to keep bubbles just getting bigger and bigger. Its all based on a very shaky US dollar which itself is based on nothing any more.
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  • Posted by term2 7 years, 1 month ago in reply to this comment.
    I think a currency collapse due to excessive debt is going to trigger the next "correction". The Trump effect that we are seeing now isnt really sustainable, simply because Trump cant really do that much to stop the money printing madness that has been going on for like 40 years, and which HAS to come to an end.
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  • Posted by term2 7 years, 1 month ago in reply to this comment.
    The stock market is really a game of fools for the most part. We buy because there will be someone who will pay more in the future, and the prices have little to do with the reality of the underlying busineses. You can work all year to go through fundamentals, and lose all the gains in one day.
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  • Posted by $ AJAshinoff 7 years, 1 month ago
    With a market based on speculation at anytime the emotional response to circumstances can have a negative impact. To me Mr. Paul is stating the obvious and, perhaps, blaring the trumpet unnecessarily. My stocks are up, quite up, for the first time in a very long while...I'll keep watch and react according.

    It's nice to have a pro-American, Pro-American business President in office.
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  • Posted by richrobinson 7 years, 1 month ago
    I have said before that the resistance to Trump is everywhere. If the FED raises rates to quickly they could trigger a correction just to try and stop Trumps agenda. Would be a wild ride.
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  • Posted by CircuitGuy 7 years, 1 month ago in reply to this comment.
    "Clear as day."
    I see nothing at all. I have a lousy track record with stocks. My masters is in pulling weak signals out of electronic noise and I follow the markets casually, but I suck at market predictions. I can't even guess what you might be seeing, much less if it's correlated with any world events. It looks like a slow structure creation of value over the decades plus a lot of AWGN to me.
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  • Posted by 7 years, 1 month ago in reply to this comment.
    I'm certain that the starting point for manipulation is more frequently on Wall St via the US Treasury (which has been under Wall St control for most of the past century.) Manipulation of share prices is the primary source of income for the Street and the primary downfall for many small public companies.
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  • Posted by $ Abaco 7 years, 1 month ago in reply to this comment.
    Pull up a 3-yr chart on SPX and look at the time period around the election and the slope since. Clear as day.

    Politicians move the needle a lot. Especially with marginally-legal public statements. They have their buddies short a stock then put out a public statement about some company's pricing/greed, or question their accounting practices, or (in the case of the cankled one) even threaten to investigate the company.
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  • -1
    Posted by CircuitGuy 7 years, 1 month ago in reply to this comment.
    I still don't get the election part. I see the markets being influenced by the president the same way they might be influenced by a colder winter: 1. It's hard to predict before other market participants. 2. The effect is minor. 3. Even the direction of the effect is unclear.
    You can tell more about the outcome outlook from things like shipping companies # of overnight shipment or Caterpiller's orders for machinery. Politicians hardly move the needle.
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  • Posted by 7 years, 1 month ago in reply to this comment.
    Almost anything would have been an improvement over Bush, Cinton, Bush, Obama. So far Trump does appear to be better.
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    Posted by Dobrien 7 years, 1 month ago
    Market collapses are nearly impossible to predict on a timely basis. Very High gas prices have preceded recent market swoons. I first read Paul's prediction at 15,000 on the Dow While we had a commie traitor as a Pres.
    Now after10,000 points higher his prediction stays the same. Even a blind squirrel finds an acorn over time. The regulations Trump has eased and the corp tax rate slashed provides for greater cash flow and a much more competitive position for US companies. Don't forget the country is not being sold out any longer. The storm is on the corrupt
    And FINALY we have a pro American Pres. With more working and not sucking from the teet of entitlements the deficit can be attacked. Bush and Obamas spending created the
    Huge deficit it maybe too large to have a soft landing but I like Trumps approach much better than His predecessors.
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