The end of the US stock market is nearing

its probably your favorite because you hang it on your wall alongside your TV/trading screen lol...

But you wife's art is surely a work of talent...

got nothing to argue about...)))

September has been gone for 2.5 months.

Wow, that's incredible.

timing is always the hardest part to predict in advance... unlike levels...

every day get scared to death when looking at it...

yes, very expressive.
blown away!

yeah... for her it took lots of time and efforts... two parts are mirroring each other exactly...

Dear Igrok,
Please, update the new information about the end of the US stock market at now...

that's how it looked like on Sunset boulevard in LA...

sure... here it is... just replace "NASDAQ" with "Dow"...

Humble Pie (sung to the tune of American Pie)
A long, long week ago
I can still remember how the market used to make me smile
What I'd do when I had the chance
Is get myself a cash advance
And add another tech stock to the pile.
But Alan Greenspan made me shiver
With every speech that he delivered
Bad news on the rate front
Still I'd take one more punt
I can't remember if I cried
When I heard about the CPI
I lost my fortune and my pride
The day the NASDAQ died
So bye-bye to my piece of the pie
I poured my paycheck into Datek
Now my cash account's dry
It's just two weeks from a new all-time high
And now we're right back where we were in July
We're right back where we were in July
Did you buy stocks you never heard of?
Q COM at 150 or above?
'Cos your plumber told you so
Now do you believe in Home Depot?
Can Wal-Mart save your portfolio?
And can you teach me what's a P/E ratio?
Well, I know that you were leveraged too
So you can't just take a long-term view
Your broker shut you down
No more margin could be found
I never worried on the whole way up
Buying dot coms from the back of a pickup truck
But Friday I ran out of luck
It was the day the NAAAASDAQ died
I started singin'
Bye-bye to my piece of the pie
I poured my paycheck into Datek
Now my cash account's dry
It's just two weeks from a new all-time high
And now we're right back where we were in July
Yeah we're right back where we were in July
Now for ten days, we've been on our own
And E-trade won't pick up the phone
But that's not how it used to be
When investors snapped up EMC
With cash they borrowed easily
And a quote that flashed up permanently green
Oh, and just as things were turning 'round
Joel Klein slapped Mister Softee down
The courtroom was adjourned
A guilty verdict was returned
And while Gilder read a book on quarks
Buffet smirked and Greenspan barked
The bulls were eaten by the sharks
The day, the NASDAQ died
I started singin' ...
Manic panic, it's just like the Titanic
Unsinkable and now under the Atlantic
We're at four thou and falling fast
All at once the bottom-fishers pounced
But that just caused a dead-cat bounce
'Cos Mister Softee, from the sidelines, preannounced
Now the graph-lines showed complete collapse
While the margin calls were coming fast
We all were forced to sell
Our Apple, E-Bay and Intel
Then the bear funds moved to take the field
And the long bond shed a point of yield
Was Glass-Steagall ever really repealed?
The day, the NASDAQ day
We started singing...
Oh, and suddenly we're underwater
Millionaires all hot and bothered
With no cash left to buy again
So come on, Fed be anxious, com-pen-sate
By lowering the discount rate
'Cause easy money is a bubble's only friend
Oh, and as I watched the index fall
I received the dreaded margin call
No broker born in hell
Could make me want to sell
But as my gains fell fast into the crash
E-Trade began demanding cash
The talking heads were talking trash
The day, the NASDAQ died
They were singing...
I met an analyst for Micromuse
I asked him for their earnings news
But he just smiled and turned away
I logged on to the trading floor
Where I made my fortune weeks before
But they demanded to see cash before I played
And on T.V. the ticker streamed
Kudlow cried and Barton dreamed
Not a bullish word was spoken
The daytraders were choking
And the three stocks I acquired last
AMAT, Dell and Infocast
Couldn't catch a bid and faded fast
The day, the NASDAQ died
And they were singing....
Bye-bye to my piece of the pie
I poured my paycheck into Datek
Now my cash account's dry
It's just two weeks from a new all-time high
And now we're right back where we were in July
Yeah we're right back where we were in July
Copyright 2000: Sean Brady and Tom Kearney
Posted with the permission of the authors, and with apologies to Don McLean
http://www.itulip.com/NASDAQdied.htm

Dear Igrok,
Thank you so much for your informations,
Could you tell mell how I know the signal( Look on the chart) when the Market will crash ?

I can only wish to be as smart before as my wife is after...))) that's obviously a longer-term projection that I'm trying to make here... I guess it's going to take about a year to get a confirmation for my outlook.... though the top on the Dow, S&P and NIKKEI is likely to be formed this week... NIKKEI 225 shouldn't get above its previous top at 24448...perhaps that's the only instrument with a reliable stops level at the moment...

Dear Igrok,
Thank you so much,

According your opinion, We need to wait for more time( around 1 year from now) for the market crash, Is this true?

Dear Igrok,
Thank you so much,

According your opinion, We need to wait for more time( around 1 year from now) for the market crash, Is this true?

Thanks for sharing your views and the views of those you interviewed, it is very much appreciated. I used to think of the earth as a closed system but then I began to see how it is not. Also if you look at the tonnage delivered from meteorites over the centuries /Millennia, its interesting to see how planets (particularly the Earth) grow as part of a broader system. The tonnage is really only small in comparison to understanding how things (like biophysics) really work. Thanks again for your market insights and insight into the thoughts of many others and to all those that contribute to this thread.

as a matter of fact those economists also accept the fact that something develops quite naturally in the economy too... the sun shines and crops grow... thus 1,5-2% annually - is the natural production for the world's economy... the rest goes down the drain... the biggest problem they foresee is that the capital is now unable to reproduce itself... they think that over the coming years nine out of ten bankers will become obsolete...

there is another interesting discussion that's going on between some egg-heads in here in which I'm also involved... early on for a long while they used to study the "psychology of the crowd" in regards to financial markets... now they are trying to figure out the "psychology of the crowd of trading robots"... that's quite an interesting stuff I would say as, depending on a particular market, up to 80% of its volume can be attributed to the bots' activity nowadays...

Now that is an interesting stat, and probably offers an opportunity for what some previous posters may have mentioned, and that is to have put options in the right place. In the scenario they describe, it will be interesting to see how much power Government has over them, assuming Governments still have the monopoly on violence that is.

I think the maximum the Govs can do in case of emergency is to shut down the exchanges .. other that that is unlikely to happen on my view unless they go completely out of their minds... even closing the banks would've been a drastic measure... depending on a country though...