A Market Collapse Is On The Horizon

DonDiego thanks LurkerPoster for his concern.

The preparing for possible unpleasantness was completed some years ago.

There is no bomb shelter. In the event of an all-out war, DonDiego opines there are now sufficient nuclear weapons to pretty much make the world unlivable anyway.
And DonDiego supposes construction of an effective bomb shelter would not go unnoticed. If it were ever needed, those without such shelter would eventually do sufficient damage to gain entry. The invention of gun powder doomed the concept of an impenetrable castle.

DonDiego hopes the end of civilization commences in the Summer months so his garden can provide fresh, tasty nourishment for a while. Beyond that there is sufficient canned and freeze-dried food for a few months. DonDiego notes that presently canned tuna is available in one's local grocery with expiration dates in 2019.

If enough folks became uncivil over a long-enough time, the unpleasantness would likely be unbearable to poor old DonDiego anyway.

For the record, the article DonDiego referenced was mostly addressing "financial" problems, not an apocalyptic event. Lots of companies are experiencing, . . . umm, . . . difficulties. Ms. Tverberg opines these difficulties are not over. The behavior of avaricious bankers and incompetent governments worldwide is contributing to/causing much of the difficulties, . . . much as they did in the financial crisis of 2007/08. [Poor old DonDiego recognized financial problems in 2007, and sold most of his stock investments before the Crash of 2008. He reported those activities on this very forum way back then to anyone who was interested.]

Although not apocalyptic, DonDiego takes these problems seriously. Recognizing the problems and preparing to avoid personal unpleasantness seems prudent and does no one else harm.
Others are free to do as they choose and even mock such concerns.

Life is good.

Ref: The Grasshopper and the Ants

It's not the concerns that are being smoked.

I think DD is correct on the financial problems soon approaching. World banks have once again placed themselves square in the scope for huge losses. Of course as it pretains to US banks that means you and I will pay for the cleanup again. Billions of dollars are being lost in the oil markets. Do you think any producer can make money on $30 oil? Or even $45? Producers are trying to push the price higher with the announcement of cuts in production on Friday. Does anybody really believe this will last long?
They all need cash to stave of rebellions in there countries. Iran is ready to start shipping large amounts of oil and they are not going to hold back. So, hold your ass it is going to get ugly again. World oil production would have to reduce by 5% for 9 months to use the current reserves in the world. I just don't think that is going to happen.

Technically the financial problems presented in this post are actually the opinions of Gail Tverberg, . . . but DonDiego has similar views, and has been exiting his stock positions since last Spring.
DonDiego thanks rdwoodpecker for his kind remark, nonetheless.

There have been lots of headlines recently suggesting it's not 2008. F'rinstance:

USA Today :


NPR :


DonDiego concurs, . . . it is not 2008.
For most European banks, it's been a lot worse than 2008, . . . at least so far:



DonDiego wouldn't be surprised if Deutsche Bank doesn't make it, . . . or requires a German taxpayer bail-out.


DonDiego is just a messenger of possible bad tidings. Perhaps the dramatic fall in the prices of European bank stocks is just a chance occurrence with no significance at all.

Mocking poor old DonDiego can serve no useful purpose, . . . although it may well be entertaining. And DonDiego is not even offended; whether one considers what he posts seriously or not has no effect on DonDiego. If one disagrees it would be more informative to the interested readers, if any, to address the reasons for the disagreements, . . . or not, . . .

Only a very small percentage of Democrats care about a market collapse. They only care when the effects trickle down to them and they lose their minimum wage job or their benefits get cut.

Well maybe they SHOULD care. I heard someone on the radio (unbiased party....I don't listen to Rush or Hannity or anyone like that), state that when the stock market goes in the shitter the year of an election, 85% of the time the incumbent party loses that election. I haven't bothered to verify that number. And maybe as long as gas is cheap enough nobody will give a shit

In the current state of affairs in the world the potential for collapse is always on the horizon . But remember , the market ALWAYS rebounds and offers great opportunity for bargain basement deals .
In addition , as painful as it can be , staying in the market is the best move , as many long term studies have shown . Bob

As long as you have the time

The only people that get hurt on a rollercoaster ride are the ones who try to get off mid-ride.

If you have quality companies that pay dividends, and you are reinvesting them, a short term price drop actually works to your favor.

Oh, it's coming alright. Jim Rogers, one of the great investors of our time, has a dire warning. Central banker morons think that negative interest rates are going to help when zero rates haven't done shit. They've done nothing but cover for Obama's staggering incompetence.


https://www.youtube.com/watch?v=8fvM41TAUss