It finally happened – the long awaited stock crash – but they can’t get out – market holiday – they’re trapped like rats in the hull of the Titanic. The ferocity of the slide – like an avalanche – has sent prices looking for a bottom is a black pit of despair. The market is currently poised to crash, this essay is being posted the night before, on 07 Sep 2015.
Just a week ago, the advice of Wall Street sage was DON’T SELL! No worries now – now you can’t sell!
The stock market is still in the stratosphere, propelled by historic low interest rates that are still scraping ZERO – and the money flowed into stocks, bonds and other fixed maturity instruments yield nothing – so the money flowed into stock and as the market went up – they borrowed on the margin – just like 1920’s.
Now it’s 1929 all over again and ‘It’s too late baby ...’
What were stocks doing leading up to Black Tuesday, 1929? Sliding just like they are now – and no one had a clue what was coming when the bottom dropped out.
Thursday, October 3, 1929,
The Washington Post with a page 1 headline exclaimed “Stock Prices Crash in Frantic Selling.” the New York Times of October 4 headed a page 1 article with “Year’s Worst Break Hits Stock Market.”
Wednesday, October 16, 1929
On Wednesday, October 16, stock prices again declined. the Washington Post (October 17, p. 1) reported “Crushing Blow Again Dealt Stock Market.”
Wednesday, October 23, 1929
On Wednesday, October 23 the market tumbled. The Times headlines (October 24, p.1) said “Prices of Stocks Crash in Heavy Liquidation.” The Washington Post (p. 1) had “Huge Selling Wave Creates Near-Panic as Stocks Collapse.” In a total market value of $87 billion the market declined $4 billion — a 4.6% drop.
Thursday, October 24, 1929
Thursday, October 24 (Black Thursday) was a 12,894,650 share day (the previous record was 8,246,742 shares on March 26, 1929) on the NYSE. The headline on page one of the Times (October 25) was “Treasury Officials Blame Speculation.”
Tuesday, October 29, 1929
The Sunday, October 27 edition of the Times had a two-column article “Bay State Utilities Face Investigation.” It implied that regulation in Massachusetts was going to be less friendly towards utilities. Stocks again went down on Monday, October 28. There were 9,212,800 shares traded (3,000,000 in the final hour). The Times on Tuesday, October 29 again carried an article on the New York public utility investigating committee being critical of the rate making process. October 29 was “Black Tuesday.” The headline the next day was “Stocks Collapse in 16,410,030 Share Day”
This September and October 2015 we ought to see the same kind of headlines – but even worse -WW3 is hot, Russia has troops on the ground in Syria
and China just had it’s 4th chemical factory explosion:
One explosion is an accident; four is sabotage: Fourth industrial explosion rocks China in string of covert attacks on industry
SO COME TUESDAY, 08 SEP 2015,
WILL YOU BE ABLE TO SELL?
ANYWHERE NEAR FRIDAY’S CLOSE?
NO! THE TRAP IS SET,
THE RATS ARE IN THE CAGE
AND THE DOOR HAS SLAMMED SHUT!
So what should we tell all our Jewish friends on Wall Street? The same advice during the 2009 crash – jump you fuckers!