Posted: December 10th, 2013, 8:09 am
I imagine the collapse looking something like Mad Max, but I might be way off.
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I think your imagination is right. There's a Mad Max scenario happening in Detroit right now, its every man for himself.The_Adventurer wrote:I imagine the collapse looking something like Mad Max, but I might be way off.
The market is due for a correction. I doubt it will be catastrophic in nature, more likely a 20-30% drop. Catastrophe requires a particular bubble to burst, while corrections generally occur when the market as a whole is overvalued. I don't see any particularly obvious bubbles at the moment, aside from a market that is slightly over valued (it should be around 12k, not 16, if it were behaving as historically expected, but this is just a personal belief based on P:E ratios).Taco wrote:This just in. The charts suggest that the current run will top out within the next few months and retrace most of the advance from 2009; i.e., a crash of significant amplitude.
The Case For A Crash
http://www.zerohedge.com/news/2013-12-1 ... case-crash
Everyone thinks there's nothing to worry about. Check out S+P 500 Negative To Positive Pre-announcement Ratio Chart.HouseMD wrote:The market is due for a correction. I doubt it will be catastrophic in nature, more likely a 20-30% drop. Catastrophe requires a particular bubble to burst, while corrections generally occur when the market as a whole is overvalued. I don't see any particularly obvious bubbles at the moment, aside from a market that is slightly over valued (it should be around 12k, not 16, if it were behaving as historically expected, but this is just a personal belief based on P:E ratios).Taco wrote:This just in. The charts suggest that the current run will top out within the next few months and retrace most of the advance from 2009; i.e., a crash of significant amplitude.
The Case For A Crash
http://www.zerohedge.com/news/2013-12-1 ... case-crash
What is that?Teal Lantern wrote:Harold Camping debacle.