David Stockman: Stocks are heading for 40-70% plunge

[kirtland r.m.]

I have warned about this, but I thought it would have happened some months ago. We are overdue and it won't be pretty.https://www.cnbc.com/2017/09/29/david-s ... rcent.html

[GrandMasterB]

I agree. I am just watching in amusement. The longer this goes on the worse it will be.

[Spaced_Out]

My prediction for Oct 2017 crash is a scary reality. Big mess in Spain with independence vote, that could be a trigger.

[JohnnyL]

Luckily after Elder Ballard's talk, the church will pull out of stocks and invest in something that's not so risky and such a "quick rich" scheme. I hope.

[Spaced_Out]

http://www.zerohedge.com/news/2017-10-0 ... eating-pea
Spain in big chaos
http://www.zerohedge.com/news/2017-10-0 ... r-showdown
NK options for war, is al that is left

[GrandMasterB]

My prediction for Oct 2017 crash is a scary reality. Big mess in Spain with independence vote, that could be a trigger.

Well looks like they voted for independence. We shall see!

[brianj]

Luckily after Elder Ballard's talk, the church will pull out of stocks and invest in something that's not so risky and such a "quick rich" scheme. I hope.

Why do you think investing in the stock market is a "quick rich" scheme?

[DEEPER storm]

My prediction for 2017-2050 stock market will rise to 50,000. We are in a 'Melt Up'. A dramatic and unexpected improvement in the investment performance of an asset class driven partly by a stampede of investors who don't want to miss out on its rise rather than by fundamental improvements in the economy. Gains created by a melt up are considered an unreliable indication of the direction the market is ultimately headed, and melt ups often precede melt downs.
https://www.cnbc.com/2017/07/28/market- ... -says.html