Author Topic: Dow Crash Coming To Your 401K (2007 to 2022) (Read 466325 times)

Neurotoxin have you ever heard of this guy? What are your thoughts on his comments?

Officially “Out Of Control”

Posted By Jim Sinclair On February 15, 2009 @ 9:18 pm In General Editorial | No Comments

Dear Extended Family,

I sent you a certain few emails that I consider to be the most important communications issued in my career that started in 1958.

I am the son of what I know to have been the greatest Lone Wolf trader in Wall Street history ever, Bertram J. Seligman. He was a past master at his business and believed to be a market sensitive. I apprenticed to him, learned from him and inherited some of his ability, not all however.

From this background of experience understanding and sensitivity the following flows.

The emails of note:

1. Said, "This is it."
2. Said, "It is now."

This communication is to inform you as of 2/13/09, "It is totally out of control." There is no longer any means of reversal of the beginning of the final phase of the downward spiral now solidly set in motion.

For your sake, protect yourselves immediately.

Be prepared for disruptions in distribution common to hyperinflation.

1. You should have already distanced yourself from your financial agents. If you haven’t you are headed for significant displeasure and strain.
2. Make sure you stay three months ahead on necessary items that could experience distribution delays such as prescribed medicine and preferred foods.
3. Even though real estate is far from a buy, if you can afford a second home outside of major cities it would serve a good purpose.
4. Own gold.
5. Consider that good gold shares of non-US companies incorporated in a non-US country operating in third country, traded on multiple exchanges are a means of money expatriation legally and in broad daylight if required.
6. For currencies, all you can do is own a spread held by a true custodial ship wherever that might be.

Simply said, as of Friday February 13th, 2009 the situation is in confirmed "Out of Control" mode as this well engineered downward spiral enters into a terminal phase.

The motive was profit and degree of the disintegration caused in the pursuit of this goal was not anticipated.

The key event was when Lehman was flushed - all hell broke loose. The hell cannot be contained in any practical manner.

I seek nothing of you, but the protection of yourselves.

Respectfully yours,
Jim

Benny B · « **Reply #1884 on:** February 17, 2009, 08:20:08 AM »

The Forever Portfolio: Betting on Aging Boomers, Obesity and Tattoo Removal
Feb 17, 2009 07:30am EST by Aaron Task in Investing
Related: WYE, PFE, CYNO, RMD, WTW, TSCM, ^DJI
"Some demographic trends are like tidal waves coming down," says James Altucher, managing partner of Formula Capital. "You can't avoid them [so] you might as well invest in them."

That, in a nutshell, is the thesis of Altucher's latest book: The Forever Portfolio.

Looking way beyond the market's day-to-day machinations, Altucher says the book is "investing in things for the really long term" based largely on demographic trends like:

* Aging Baby Boomers: An aging population obviously means more spending on healthcare and rising occurrence of diseases like Altzheimer's. With a potential treatment in a late-stage trial, Altucher says Wyeth is a potential investment in this devastating affliction. (And, yes, he'd buy Pfizer if the proposed merger is consummated.)
* Rising obesity: While Weight Watchers is the "obvious" play on America's bulging bulges, Altucher prefers ResMed, which makes a device to treat sleep apnea, a common malady of severely overweight people.
* Tattoo removal: An estimated 45 million Americans have at least one tattoo. A large percentage may someday want to have them removed and Cynosure is the way to play that potential trend. The company also trades at very attractive valuations relative to its cash holdings, Altucher says.

Neurotoxin · « **Reply #1885 on:** February 17, 2009, 10:28:55 AM »

Quote from: STella on February 17, 2009, 07:36:43 AM

Neurotoxin have you ever heard of this guy? What are your thoughts on his comments?

yes i'm very familiar w/ jim sinclair.

my response to his comments below.

Quote from: Neurotoxin on November 18, 2007, 05:00:14 AM

i've been in this industry for many years and have NEVER seen a situation quite like the one developing...........i just hope people listen.

Alex23 · « **Reply #1886 on:** February 17, 2009, 10:39:13 AM »

Quote from: Bindare_Dundat on February 16, 2009, 08:09:12 PM

Alex, care to comment on the graph I posted?

It's a nice graph but the res suck, I can't read the last date on the X axis

Soul Crusher · « **Reply #1887 on:** February 17, 2009, 10:46:39 AM »

Im glad I just got a few hundred more rounds of 9mm and .223.

Neurotoxin · « **Reply #1888 on:** February 17, 2009, 01:48:22 PM »

as anticipated...the S&P finally broke below 800 today. 740 should now act as our next major support level.

additional turbulence ahead.....

NT

U.S. Stocks Tumble on Recession Concern; Citigroup, GM Fall

Feb. 17 U.S. stocks tumbled to a three-month low, extending a global slump, as a record contraction in New York manufacturing spurred concern the government’s stimulus package won’t be enough to curb the deepening recession.

The S&P 500 retreated 4.6 percent to 789.17, dropping below 800 for the first time since November. The Dow Jones Industrial Average plunged 297.81 points, or 3.8 percent, to 7,552.6, less than half a point above its 2008 bear-market low.

Alex23 · « **Reply #1889 on:** February 17, 2009, 10:09:34 PM »

I'll be man enough to say I got greedy with my GM speculation... I didn't make the gain I was hoping for and hold on a little too long.. so the gains after tax, wasn't worth all the monitoring... tech did really well for me; I'm actually surprised and feel pretty lucky which is not good and makes me uncomfortable.

I still think the bottom is upon us and I'm preparing assets right now; at first I had an eye on foreclosures and use the real estate as it is a "slow motion" investment sector, whatever you guys say.. it's like boxing match in 10fps... I don't see it until Q3.... until then I intend to build a little equity in the market.

On a final note, I allways though Neuro was a copy-paster gimmick/ I dont' care anymore; you have been cumulatively accurate and worth reading; I'm just disappointed the communist deleted all my posts.... hope your brother is better.

btw I'm not that fat...

Hugo Chavez · « **Reply #1890 on:** February 17, 2009, 10:19:03 PM »

Quote from: Alex23 on February 17, 2009, 10:09:34 PM

I'll be man enough to say I got greedy with my GM speculation... I didn't make the gain I was hoping for and hold on a little too long.. so the gains after tax, wasn't worth all the monitoring... tech did really well for me; I'm actually surprised and feel pretty lucky which is not good and makes me uncomfortable.

I still think the bottom is upon us and I'm preparing assets right now; at first I had an eye on foreclosures and use the real estate as it is a "slow motion" investment sector, whatever you guys say.. it's like boxing match in 10fps... I don't see it until Q3.... until then I intend to build a little equity in the market.

On a final note, I allways though Neuro was a copy-paster gimmick/ I dont' care anymore; you have been cumulatively accurate and worth reading; I'm just disappointed the communist deleted all my posts.... hope your brother is better.

btw I'm not that fat...

sorry. I didn't want to start shit with you over it. Never intentionally targeted you, it wasn't personal.

Alex23 · « **Reply #1891 on:** February 17, 2009, 10:23:24 PM »

Quote from: Hugo Chavez on February 17, 2009, 10:19:03 PM

sorry. I didn't want to start shit with you over it. Never intentionally targeted you, it wasn't personal.

It never is personal... personally, I don't take anything personal; even Hitler said that to the jews.. amid I'll admit this one could be debatable.

Neurotoxin · « **Reply #1892 on:** February 18, 2009, 02:22:05 PM »

market essentially flat ahead of economic data for thursday.

with the Dow and S&P at/near Nov 21st support and temporarily oversold, any semi-favorable news (real or imagined) could spark another short cover/bear market rally.

NT

Neurotoxin · « **Reply #1893 on:** February 18, 2009, 04:09:31 PM »

the Dow was supported in todays market at 7,550, which seemed to prevent a further run down and closed at 7,552.60, just 0.31 points higher than November 21st closing low of 7,552.29. in other words, the Dow was finding support at the November lows while the S&P 500 is still 48.15 points above its November low of 741.

tomorrow i'll will be watching both the Dow and the S&P 500 closely. in a positive scenario look for the Dow to hold 7,550 and the S&P 500 to break out above 800. if the Dow breaks down below 7,550 look for the S&P to find support near 740-750.

just my opinion.

NT

Soul Crusher · « **Reply #1894 on:** February 18, 2009, 04:11:43 PM »

Quote from: Neurotoxin on February 18, 2009, 04:09:31 PM

the Dow was supported in todays market at 7,550, which seemed to prevent a further run down and closed at 7,552.60, just 0.31 points higher than November 21st closing low of 7,552.29. in other words, the Dow was finding support at the November lows while the S&P 500 is still 48.15 points above its November low of 741.

tomorrow i'll will be watching both the Dow and the S&P 500 closely. in a positive scenario look for the Dow to hold 7,550 and the S&P 500 to break out above 800. if the Dow breaks down below 7,550 look for the S&P to find support near 740-750.

just my opinion.

NT

What do you think about Schiff's comments as of late?

Neurotoxin · « **Reply #1895 on:** February 18, 2009, 04:26:48 PM »

Quote from: 333386 on February 18, 2009, 04:11:43 PM

What do you think about Schiff's comments as of late?

mostly agree.

NT

Soul Crusher · « **Reply #1896 on:** February 18, 2009, 04:35:06 PM »

Quote from: Neurotoxin on February 18, 2009, 04:26:48 PM

mostly agree.

NT

Ok. Time to saddle up.

Neurotoxin · « **Reply #1897 on:** February 19, 2009, 01:58:24 PM »

Quote from: Neurotoxin on January 22, 2009, 01:32:36 PM

anticipating a test of the Nov 21st low would be prudent.

Quote from: Neurotoxin on January 23, 2009, 08:42:03 AM

its important the S+P holds 800.00....if we breach, 740.00 is my downside target.

S&P was unable to breakout above 800 today, resulting in another selloff. a test of the Nov. 21st low is upon us.

blood in the streets if we break the low. (740)

NT

U.S. Stocks Decline, Dow Industrials Close at Six-Year Low

Feb. 19 U.S. stocks dropped, sending the Dow Jones Industrial Average to a six-year low, as Hewlett-Packard Co. cut its profit forecast and concern about credit-card defaults dragged financial shares to the lowest level since 1995.

The S&P 500 slid 1.2 percent to 778.94, extending its 2009 loss to 14 percent in its worst start to a year. The Dow dropped 89.68 points, or 1.2 percent, to 7,465.95, the lowest since October 2002.

Bindare_Dundat · « **Reply #1898 on:** February 19, 2009, 10:09:25 PM »

Goldman partners borrowing "tens of millions" cover Margin Calls

Neurotoxin · « **Reply #1899 on:** February 20, 2009, 02:23:25 AM »

Quote from: Neurotoxin on February 12, 2009, 03:31:28 AM

unfortunately i see this market continuing lower. the Fed is out of ammo with regards to lowering interest rates, and corp. earning are decelerating looking forward. furthermore, no bailout plan will turn market sentiment bullish imo. (long term)

S&P holding 800 is key....if we break, things may get very ugly.

NT