Posted Sep 20th 2009 1:00PM by Michael Shulman
Filed under: Forecasts
The eeriest reason you should be wary of a pullback in October is the similarity between the chart of the rally that began March 9 and the 1937-1938 rally, which was followed by a sharp pullback.
They are practically identical -- seriously, check it out.
This could be a harbinger of a major slide beginning no later than December, but probably starting in October.
See all 10 signs an October market crash is coming
To prepare yourself for what's coming in the market, check out:
91 days ago
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| # | Blogger | Posts | Cmts |
|---|---|---|---|
| 1 | Joseph Lazzaro | 122 | 0 |
| 2 | Connie Madon | 53 | 0 |
| 3 | Steven Mallas | 51 | 0 |
| 4 | Mark Fightmaster | 38 | 0 |
| 5 | Tom Taulli | 37 | 0 |
| 6 | Trey Thoelcke | 35 | 0 |
| 7 | Brian White | 31 | 1 |
| 8 | Tom Johansmeyer | 31 | 0 |
| 9 | Steven Halpern | 27 | 0 |
| 10 | Melly Alazraki | 25 | 0 |
| 11 | Paul Foster | 25 | 0 |
| 12 | Eric Buscemi | 21 | 0 |
| 13 | Jon Ogg | 21 | 0 |
| 14 | Zac Bissonnette | 21 | 0 |
| 15 | Brent Archer | 18 | 0 |
| 16 | Elizabeth Harrow | 17 | 0 |
| 17 | Michael Fowlkes | 14 | 0 |
| 18 | Sheldon Liber | 11 | 0 |
| 19 | Louis Navellier | 11 | 0 |
| 20 | Beth Gaston Moon | 8 | 0 |
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Reader Comments (Page 1 of 1)
9-20-2009 @ 1:38AM
MrDoughnut said...
The main clue is their saying this is just a business cycle. Sorry folks this hasn't been a business cycle in quite some time.
As every scam put into play fails the consumer pulls further and further away.
The states try to pump the economy with bribes to hire workers for a period of time that amounts to parking the unemployed out of the way during the elections held in November. After the election the people are back in the street an miffed as to what just happened.
9-20-2009 @ 1:44AM
MrDoughnut said...
So you want to be a trader or is that traitor as you sell your countrymen short?