2006-12-13 10:06:59 · 28 answers · asked by Jason 2 in Business & Finance ➔ Investing
You should sell the market short if you know that for a fact! You will be able to retire forever.
2006-12-13 10:09:40 · answer #1 · answered by 1,1,2,3,3,4, 5,5,6,6,6, 8,8,8,10 6 · 1⤊ 0⤋
Crash by how many points? All three agencies or just one? Pehaps a different type of stock market? Any relevance to the date that makes it inevitable?
Who is your source? The same professor from SMU who wrote about the crash of 1999? "The Crash of the Millennium: Surviving the Coming Inflationary Depression", (1999, Random House, Harmony Books) by Southern Methodist University Economics Professor Ravi Batra. He wasn't on target for that one, was he?
Maybe you can call him at 214-750-9582 or 214-768-2707 for another interview. Perhaps he can help you with your prediction?
Batra says he successfully predicted the stock market crash of 1987, the fall 1998 U.S. stock market slump, the market turmoil in Asia and Latin America, the collapse of Soviet communism and the 1979 revolution in Iran. In his number one best-selling book, The Great Depression of 1990, published in 1985, Batra predicted a depression for the U.S. and Japan. While the U.S. suffered only a recession in 1990, Japan did experience a crippling stock market crash and mounting economic troubles all through the 1990s.
Maybe he can concur your prediction, and you can help him to co-author another book?
2006-12-13 10:49:18 · answer #2 · answered by YRofTexas 6 · 1⤊ 0⤋
A crash what is a crash 1 % 2 % maybe I can see that easy a few years back 5% could easy happen but a 5% rebound could just as easily happen now October 1987 thats a crash and maybe you think it will happen again. Its possible but I dont predict it. Just for your info that was only 20% in one day.
2006-12-13 10:26:09 · answer #3 · answered by William H 2 · 0⤊ 0⤋
Beats the heck out of me. Are you telling us that Osama has a plane aimed for the NYSE on that date? Maybe that date is when all the oil producers stop selling oil in order to get a better price and punish the "Western" world? Most likely your crystal ball is cracked and you are just pulling our leg.
2006-12-15 05:23:27 · answer #4 · answered by Rabbit 7 · 0⤊ 0⤋
It won't, not on that day anyway, its a friday, no wars, oil price is moderating, no one is thinking about raising interest rates, the Dow isn't exactly climbing up and up, and too early for derivatives to expire in the month, so there is no possible shock to the system.
2006-12-14 19:00:47 · answer #5 · answered by Anonymous · 0⤊ 0⤋
its because the software that we use on the markets confuses 02/02/07 with 22.07 . its a glitch that the boffins are trying to fix. fingers crossed or fuk alone knows what will become of us all
2006-12-13 10:19:30 · answer #6 · answered by thuddie 3 · 0⤊ 2⤋
That's an impossible prediction. Strictly crystal ball mumbo-jumbo
2006-12-13 10:31:13 · answer #7 · answered by Bostonian In MO 7 · 1⤊ 0⤋
Because I want to buy more and won't do so till everything bottoms out... thats when I jump in and buy buy buy !!
Lets all hope she crashes with a thud !!
2006-12-13 12:14:54 · answer #8 · answered by Kitty 6 · 0⤊ 0⤋
they wont hopefully. if i think it is what i fink it is it is a prediction like the world will vcome to an end on 01/01/00 but it didnt
did you know people actually killed them selves so not to be killed by the effects of 2000
2006-12-13 10:10:36 · answer #9 · answered by tmswainyboy 3 · 0⤊ 0⤋
They said the same about 2000. Nothing happened.
2006-12-13 10:22:35 · answer #10 · answered by pageys 5 · 0⤊ 0⤋