A response to October 7th, 2008

[caelidh]

My response to the Stock Market Drop and the Web Bot October 7th dire predication....

"well.. if what I read was from March of 08... and they listed the Sept dates....then.. they have already been right.

ALTHOUGH... anyone paying attention knew that we would probably end up with a Financial crash.  I had folks telling me that 4 years ago.. and I

Comments

[peamasii]

Yesterday (and today) marked 4-year lows in the financial markets, with the biggest point loses ever. Curiously the previous Web Bot date Sep 20-27 2007 marked all-time highs for the markets. It's all a matter of perception, of course...

[caelidh]

Did you mean 07 or 08?

[caelidh]

So.. is that what the markets did back in 07? were there all time highs?

[peamasii]

Yes, they were, Dow was over 14000 in end Sep 2007 and now it's under 10k and going lower! Fannie Mae, Freddie Mac, all these financials in end 2007 were trading at multiples of their historical averages. Before that (2004) there was a huge boom cycle in housing stocks. And before that (1999) in the tech stocks... I used to keep track of the market trends in terms of moon cycles because they correspond a lot.

It's all been bubble and bust cycles since 1925 until now. No indication yet as to where the insane train wreck is going to next.

[caelidh]

Well.. that is the interesting thing about the whole WEB BOT thing..... it was used to to primarily predict the ups and downs in the market

[peamasii]

If it was mere lies, one could ignore them. Science itself has an agenda behind it. The problem is that the very issues that arrive to public knowledge are controlled by mass media and most people are hypnotized, so you can't argue with them. Good luck finding someone who is awake... from a practical perspective though it's important to let go of information, we tend to be slaves to information and that's not a good thing.