During an interview John Sneisen and I conducted with Mike Maloney of SilverGold as well as 'The Hidden Secrets Of Money', Mike went into his thoughts on the current state of the stock market as we see something that is eerily reminiscent of 1929, and the incremental FUD that led from all time highs to the greatest crash in history up to that point.
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It's impossible to time markets. The fundamentals are off the table due to the level of manipulation in the markets as well as the monetary system, but we know the inevitable end is coming. So while we can't say when, we need to be prepared for the worst to come.
Mike explains his thoughts on the recent correction of the DOW and S&P and the correlation to the 1929 stock market crash.
See the FULL interview on our channel.
See the video here:
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Looks like a double top is forming in Dow / S&P. When the neckline breaks I will open a short position since the fundamentals are not just bad but rotten.
Hey fellow winnipeger
Are you ready to go back into battle with CFS?
Did you know CFS boys were sexually exploited at Bonnycastle park?
I have seen your work did not know you had a steemit.
Brian Bowman turned Bonnycastle park into a dog park?
great content as always @joshsigurdson ! this time with the great Mike Maloney! He is definitely one of the smartest, bravest and most humble guys when spreading big hidden truths about the heinous today's economics... I learned a lot from him watching his videos and reading his articles...wondering why he is not on steemit yet...
I even dedicated my last post to reflect about the misconception with today's "GOD MONEY" and about Mike Maloney himself. Please have a check if you had the chance. I'd love to know your thoughts about it: https://steemit.com/money/@albertoyago/god-money-what-is-it-who-creates-it-would-you-know-to-answer-it
Greetings from Spain mate! hope to see you around soon as you said in your previous post !!! Un abrazo :)
Could there be another "great depression"?
Well in the sense of the words and judging by the recent dip in the markets, it's sad but highly possible and just as you said in the video, doomsday might be close.
Nice interview
I'd still say we are a ways off from something as big as the great depression. There were many other factors that led to the extended effects of the great depression such as the "leave things alone" view that most economists had at that time. As the levels are today we're still a fair ways off from even the events of '08. I do agree that things aren't looking good and the computer trading really scares me. I definitely think we could see something similar to the flash crash because of these computers. Well done interview.
thank you for the information, may always be successful
Hopefully stock market crash will drag lots of new money to crypto... MOON time then!
Thank you for the information.
Great post
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