Will Aaron Brickman Go 3 for 3?

Posted on October 5, 2022 by DRenegade

The Dow Jones is currently down 291 points. If this continues for the next few days and Mr. Brickman is correct, we have entered the Greater Depression.

David DeGerolamo

h/t Gary

    
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brewer55
brewer55
2 years ago

As I’m writing this, the DOW is down over 350pts.

In the linked video, Aaron states that this week, he believes that we may be looking at a 1% -- 2% drop daily. In week 2, the drop could be in 2% -- 4% range. In week 3, leading up to 10/21, it could be much greater. There will, of course, be ripple effects in the bond markets, in commodities, the banking sector, and markets and banks across the globe.

Last edited 2 years ago by brewer55
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brewer55
brewer55
2 years ago

‘Big Short’ legend Michael Burry warns stocks will keep falling – and predicts many investors will suffer heavy losses
https://www.americanpartisan.org/2022/10/big-short-legend-michael-burry-warns-stocks-will-keep-falling-and-predicts-many-investors-will-suffer-heavy-losses/

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No Thanks
No Thanks
2 years ago

I say we in the U.S. are in COLLAPSE.

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FJQ
FJQ
2 years ago
Reply to  No Thanks

Not yet, but we’re blissfully napping on the couch in one of these apartments:
comment image

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Arch Stanton
Arch Stanton
2 years ago

The Fed, Wall street and central banks are scrambling to make this economy appear resilient. But the truth of insolvency, overvalued shares and dishonesty is finding its way to the people of this country, and the world. The liars are fresh out out of concealment. It’s a runaway train that has run out of track.

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Stan Sylvester
Stan Sylvester
2 years ago

Not sure why some still measure the stock market as any barometer of anything. In 2019, the top 10% of wage earners owned 70% off all stock value. The households in this category had an average $432,000 in stocks.
Conversely, the bottom 60% owned % of all stocks. Their $ value was an average of $15,000. The stock market is a false indicator of health or sickness of our economy.
The ones that will “suffer” are those used to insider traders like politicians that become millionaires once getting into office.

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Dana
Dana
2 years ago
Reply to  Stan Sylvester

Seems they’re talking banking failures and complete economic collapse as well.
We’ll all have negative impacts. Not to mention pensions and 401k’s.

Dana

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FJQ
FJQ
2 years ago
Reply to  Stan Sylvester

Wait til the bail ins.

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Stan Sylvester
Stan Sylvester
2 years ago
Reply to  Stan Sylvester

forgot the “7”, 7% of all stock value for the bottom 60%.

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