Breitbart News: Breitbart TV
http://www.breitbart.com/breitbart-tv 2/4/14
This morning's key headlines from GenerationalDynamics.com
�Monday's market plunge continues 'that 1929 feeling��
The Dow Industrials index fell more than 2% Monday, continuing a decline that has been almost steady since the beginning of 2014. The experts blamed Monday's plunge on bad manufacturing data and an apparent slowdown in China.
The S&P 500 Price/Earnings index (stock valuations) fell to 16.9%. This is lower than the 18.72 peak of last year, but it's still astronomically high by historical standards. It was only as recently as 1982 that the P/E index was 6, and it's about due to return to that level, as it does periodically, every 30 years or so. This would push the Dow Jones Industrial Average from its current 15,400 down to the 3,000-4,000 level, or lower, which is what Generational Dynamics is predicting.
A week ago, I wrote "'that 1929 feeling' may be back on Wall Street". As I said, what I'm looking for is a certain pattern that preceded the 1929 crash.
For the seven weeks preceding the 1929 crash, starting from 9/3/29, the market declined gradually, but with some wild gyrations along the way. That's the pattern I'm watching for today. The market has, in fact, been declining gradually since Jan 1, but we've only begun to see the wild gyrations. If the decline continues, and if there's a fall of 6% one day, followed by a rise of 8% the next day, or some sort of abrupt change like that, then that would indicate a looming crash.
However, there are no guarantees, one way or the other. The market might fall 10% and then go back up. The stock market is in a huge bubble, and Generational Dynamics predicts a major financial panic and crisis, but the exact date that the bubble will burst is impossible to predict. However, as I said, this is the first time in a long time that I've thought that the market has that "1929 feeling." Reuters
2/3/14
On Monday, weaker than expected factory data and continued concerns over emerging markets sent the Dow Jones Industrial Average nosediving 326 points to shave 2.08 percent off the Dow as the S&P 500 posted its worst loss (40.7 points) since June.
The selloff marked the seventh triple-digit drop in 2014 to put the Dow down 7.3 percent on the year.
"The disappointing data provide further confirmation of a dramatic slowing in economic growth momentum," TD Securities chief economist Millan Mulraine told Reuters.
Some blamed bad weather. Others, like Morgan Stanley's Ted Wieseman, were unconvinced. "It's hard to believe that weather was the whole or even most of the story, but it's not clear what else triggered the suddenly much slower growth these results point to," said Wieseman.
The dour market news comes on the heels of a treacherous January which saw Wall Street posting its worst month in over a year.
"There has been a discernible change in behavior in the market from last year," Cuttone & Co. senior vice president Keith Bliss told the Wall Street Journal. "You didn't have to be real smart in 2013 to make money. You just didn't want to get in the way of the Federal Reserve. The behavior change now is people are absolutely paying attention to fundamentals," said Bliss.
too conservative last year 
got a $100 invested so now I am gonna get RICH! 
Thinking of silver bars. Price has been hanging around $20. for quite awhile now. Will it go up if market continues down?
