Old Project Avalon Forum (ARCHIVE) - View Single Post

Knightbk · 10-16-2008, 11:19 PM

Are people asleep?
The stock market has already crashed.

A "crash" doesn't mean that it goes from X to 0, it just means that a large amount of wealth is lost, and that has already happened, at a greater degree overall than the Great Depression.

China and Russia are already both off by 50% and North America (TST, DOW) are off 35-40%.

The DOW doesn't need to go down any further to cause calamity because it ALREADY crashed and the consequences of that will be filter down to Main Street in greater number next year.

So this entire prophecy of a new "market crash" is really just a bunch of bs, because it already crashed. A few more points is irrelevant.

10-16-2008, 11:19 PM	#21
Knightbk Avalon Senior Member Join Date: Oct 2008 Posts: 73	Re: Oct. 24: Stock Market Crash Are people asleep? The stock market has already crashed. A "crash" doesn't mean that it goes from X to 0, it just means that a large amount of wealth is lost, and that has already happened, at a greater degree overall than the Great Depression. China and Russia are already both off by 50% and North America (TST, DOW) are off 35-40%. The DOW doesn't need to go down any further to cause calamity because it ALREADY crashed and the consequences of that will be filter down to Main Street in greater number next year. So this entire prophecy of a new "market crash" is really just a bunch of bs, because it already crashed. A few more points is irrelevant.