JPM Head Quant Warns Second Market Crash May Be Imminent: Violent Selling Could Return On Thursday

ht tp://www.zerohedge.com/news/2015-08-27/jpm-head-quant-warns-second-market-crash-may-be-imminent-violent-selling-could-retur

watch out for those dead cats

A Note On Dead Cats Bouncing: Six Of Ten Largest One-Day Stock Gains Occurred During The 2008-09 Meltdown

http://davidstockmanscontracorner.co...t+AM+Wednesday

"Six of the ten largest point gains in the history of the stock market occurred between September 2008 and March 2009. That’s right.


During one of the greatest market collapses in history, the market soared by 5% to 11% in one day, six times."

Albert

you could take out the word "China" in your post

and substitute the "United States"

people have no faith in government

they are beginning to realize just how VERY corrupt it all is

quite frankly

if I hear ANYTHING from a "government" source

I regard it as a LIE

until verified by other more reliable sources

a co-worker and I were discussing the stock market last week

I urged her to move her money into safer investments

she was going to do it this week

but for some reason went ahead and did it last week

to say she dodged a bullet is to put it lightly

she is one happy camper

the crash of the market in Sept/Oct is not news to me

I have been expecting it for quite some time

the REAL news is out there

you just have to look for it

the crash of 2008 was predicted for at least 2-3 years before it happened

I moved my money then also

the sites I follow on the WEB predicted that crash down to the exact time period

just like they have predicted this one

the worst is yet to come

this dip so far is just a shot across the bow

the market may well recover,for a brief period

before it crashes BIG TIME

The central bank acknowledged the weakness in the Chinese economy - and the need for intervention.

Medclinician

Chinese Stocks Are Crashing; Yuan Devalues, Deposit Rate Spikes To Record High, Japan Denies "G7 Response" Planned

http://www.zerohedge.com/news/2015-08-24/asiapac-stocks-continue-collapse-yuan-deposit-rates-spike-record-high-china-devalues

Aussie stockmarket tumbles amid growing fears over health of global economy

AUSTRALIAN shares have plunged today with $53 billion stripped from the value of the nation’s companies as uncertainty grips global markets.

Early this afternoon, the benchmark ASX 200 index was down 3.7 per cent, with the losses felt across the board from banks to resources stocks.

The index tumbled 2.6 per cent within the first 30 minutes of trade today. It is among the worst openings to a trading session in the past five years.

Banking giants including the Commonwealth Bank, Westpac, National Australia Bank and ANZ along with the big miners Rio Tinto and BHP Billiton all shed about 2 per cent each.

Mum and dad favourite, Telstra, had also dropped by more than one per cent.

At 12.48pm, the ASX 200 was down 3.7 per cent, with $53.2 billion wiped from the value of Australia’s listed companies.

That puts it on track to be the worst day since September 2011.

Asian sharemarkets have also been swept up in the rout.

The main Hong Kong and Shanghai indexes have tumbled in early trade today as concerns about China’s economy deepen despite efforts by Beijing to shore up local share prices.

Hong Kong’s benchmark Hang Seng index dropped more than 4 per cent in the first minutes of trading.

China’s Shanghai Composite index slumped 5.1 per cent in early trade and was down 8.5 per cent early this afternoon.

http://www.heraldsun.com.au/business/aussie-stockmarket-tumbles-amid-growing-fears-over-health-of-global-economy/story-fni0dcne-1227496166225

Wall Street Crash of 1929 and its aftermath

The strength of America’s economy in the 1920’s came to a sudden end in October 1929 – even if the signs of problems had existed before the Wall Street Crash. Suddenly the ‘glamour’ of the Jazz Age andgangsters disappeared and America was faced with a major crisis that was to impact countries as far away as Weimar Germany – a nation that had built up her economy on American loans.

The huge wealth that appeared to exist in America in the 1920’s was at least partly an illusion.

For example the African Americans and the farmers had not benefited in the Jazz Age but neither had 60% of the whole population as it is estimated that a family needed a basic minimum of $2,000 a year to live (about £440) and 60% of US families earned less than this. Almost certainly some of the 60% included those who had gambled some money on Wall Street and could least afford to lose it in the crash of October ‘29.

The very rich lost money on Wall Street but they could just about afford it. But the vast bulk could not afford any loss of money. This had a very important economic impact as these people could no longer afford to spend money and therefore did not buy consumer products. Therefore as there was no buying, shops went bust and factories had no reason to employ people who were making products that were not being sold. Therefore unemployment became a major issue. The Great Depression took a while to get going but by the winter of 1932 it was at its worst.

The impact of the Wall Street Crash:

There was no system of benefit for the unemployed. Charities such as the Salvation Army gave out free food and shelter. It is known that some people actually starved to death. In some states men deliberately set fire to forests to get temporary employment as fire fighters while farmers killed their animals as no-one could afford to buy them in the cities despite there being great hunger there.

What did the government do?

The president was a Republican, Herbert Hoover. He believed that if you were in trouble you should help yourself and not expect others to help you. This he called “rugged individualism”. Therefore he did not do a great deal to help those out of work.

Hoover did not believe that the depression would last – “Prosperity is just around the corner” is what he said to businessmen in 1932 when things were just about at their worst. Squalid cardboard campsites were created in cities to live in…called “Hoovervilles”. The nick-name of the soup given out by charities for the unemployed was “Hoover stew”.

However, Hoover did do some good. Money was used to create jobs to build things such as the Hoover Dam. In 1932 he gave $300 million to the states to help the unemployed (Emergency Relief and Reconstruction Act) but it had little impact as states run by the Republicans believed in “rugged individualism” more than Hoover did and they used only $30 million of the money offered to them.

Many saw Hoover’s attempts as being “too little too late”.

In the November 1932 election, Hoover was heavily defeated by the Democrat candidate. This man had promised the American public a “New Deal“. His name was Franklin Delano Roosevelt. Thirteen years of Republican rule had come to an end.

http://www.historylearningsite.co.uk/modern-world-history-1918-to-1980/america-1918-1939/wall-street-crash-of-1929-and-its-aftermath/

The man who called nearly every major economic trend over the past 30 years…including the 1991 recession, Japan’s lost decade, the 2001 tech crash, the bull market and housing boom of the last decade and, most recently, the credit and housing bubble has issued a startling new prediction.

“The DOW is going to crash to a degree we haven’t seen since the Great Depression” say world-renowned economist Harry Dent.

In fact, Dent says, “We’ll see a historic drop to 6,000… and when the dust settles – it’ll plummet to 3,300. Along the way, we’ll see another real estate collapse. Gold will sink to $750 an ounce and unemployment will skyrocket… It’s going to get ugly.”

In an exclusive video presentation Dent details the “perfect storm” of economic and demographic realities brewing that will likely make the next few years some of the most trying times in U.S. economic history.

“This is not fun and games. This is not fear-mongering. This is today’s economic reality” he plainly states in this in-depth exposè of what’s to come.

He goes on to paint a detailed picture of the financial carnage this crash could inflict on America:

“Unemployment will soar to 15% or higher as the work pool continues to shrink and companies lean towards employing people with experience, something students entering the workforce obviously lack.

Housing prices will fall again, by as much as 40%... the so-called "recovery" of 2013/14 will diminish faster than an ice on a hot summer day as mortgage rates rise and the wrong group of investors – a.k.a. speculators - lose their taste for the market.

Faced with huge revenue shortages, the federal deficit will balloon from $1.3 trillion to as much as $3 trillion.

Despite the lessons learned in 2008, mortgage companies and financial institutions have resumed offering low interest, no principle "teaser" loans and increasingly risky investments, which will lead us straight back into a second financial crisis, with no bailout possible this time.”

But Dent, a Harvard alum and best-selling author who’s appeared on Fox News, CNBC and The Alex Jones Show among countless others, adds that there’s actually a massive upside to this impending crisis.

He says those who position themselves accordingly beforehand could have the opportunity to earn millions through specific "decline-related" investments year after year, over the next decade as well as maximize the next long-term “boom cycle,” which he predicts will begin between early 2020 and late 2022.

The controversial video, initially released to a private audience, has gone viral as hundreds of thousands are seeing new evidence for a looming economic crisis, and are heeding Harry Dent’s advice to survive and prosper.

Take a few moments to watch his special presentation to learn the facts as well as prepare yourself for the coming crisis.

However, viewership is limited to only those who provide their email address.

“The collapse is coming soon, so we want to keep in touch with those who watch the video,” comments Harry Dent, “So before they see it, we just ask for their email address so we can send them our regular updates called Economy and Markets Daily. It’s purely a free benefit. If viewers don’t find out timely insights helpful, they can just click the unsubscribe button. So no strings attached.”

Indeed, over 300,000 people are already receiving Dent’s daily updates through Economy and Markets Daily, and hundreds more are joining every day!

Perhaps they will be prepared for this looming collapse that will wipe out so many.

https://research.economyandmarkets.com/X195R617/?gclid=Cj0KEQjwu-

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oil dipped below $40 for awhile

bad bad BAD sign

the world's economy is grinding to a halt

also be watching Turkey

if that country starts capital controls

look for them to default like Greece did

at this point anything can trigger a financial collapse