SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Booms, Busts, and Recoveries
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: TobagoJack who wrote (69000)5/1/2008 7:36:50 AM
From: elmatador  Read Replies (1) of 74559
 
This thread was created in 2001, named "The coming Collapse of 2001". At that time the US was going down the drain in Tsunami of wayo from companies.

It was not created to serve as the lolos refuge. It was created by a guy who saw it coming:

"Many American companies have reported lower profits, sending jitters through the stock market. Unfortunately, they may yet be lower still

THE announcements come as small explosions. Fear that Xerox’s profits would be low cut the troubled copier company’s valuation in half. Confirmation that they were indeed reduced cut it in half again. Technology companies such as Dell, Intel, Apple, IBM, banks such as Chase Manhattan and a host of other companies collectively had hundreds of billions of dollars wiped off their market capitalisation when they announced their results. Seemingly decent profits have been no defence. Citigroup and Merrill Lynch produced record profits. The market’s verdict: sell. "
Message 14650669
Message 14642149
Message 14642346

Then two things happened that staved off the collapse predicted by tradermike.

The attention was diverted by 911 and subsequently by the Iraq war.

The collapse was mainly delayed by 9 years or so.

Now change the name of the companies for the names of banks and you know it is still the same situation as 2001. Only that now, the body won’t respond to anything. No treatment no stimulus nothing!

In the interim, printing money and doling out BLS statistics propped the market.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News