Scientist Predicts 60% Market Collapse

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Nathan Drake
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Scientist Predicts 60% Market Collapse

Post by Nathan Drake »

http://www.moneynews.com/MKTnews/Market ... ce=taboola
Chris Martenson is a world-renowned expert on identifying dangerous, yet hidden, exponential growth patterns in global economies, energy demand, and food consumption...

And he is predicting a 60% stock market collapse will strike in the next three months.

Martenson’s opinion isn’t to be taken lightly, as his research is highly regarded by the United Nations, UK Parliament, and Fortune 500 companies.

His shocking forecast is based on a new alarming pattern he’s identified — he’s calling it “a dreaded triple top” (pictured below).
Not the dreaded triple drop! That always happens, doesn't it?

Technical analysis is so fun...I'm glad a "scientist" was able to figure this out, because the markets work just like they do physics...
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livesoft
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Re: Scientist Predicts 60% Market Collapse

Post by livesoft »

Why are you clicking on ads and then posting them here?

In other news, Spike Albrecht already has 17 pts.
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Rob5TCP
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Re: Scientist Predicts 60% Market Collapse

Post by Rob5TCP »

But Louisville closed the gap and down by 1 at the half!
livesoft
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Re: Scientist Predicts 60% Market Collapse

Post by livesoft »

Great game! Refs need to do better though.
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backofbeyond
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Re: Scientist Predicts 60% Market Collapse

Post by backofbeyond »

An economist is just someone who’s job is to make a weatherman look accurate.

same difference
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Rob5TCP
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Re: Scientist Predicts 60% Market Collapse

Post by Rob5TCP »

What is his prediction for the rest of the game ?
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mhc
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Re: Scientist Predicts 60% Market Collapse

Post by mhc »

livesoft wrote:Great game! Refs need to do better though.
Always one of the best sporting events of the year.

Sorry for being off topic, but the game is more interesting.
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billjohnson
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Re: Scientist Predicts 60% Market Collapse

Post by billjohnson »

Rob5TCP wrote:But Louisville closed the gap and down by 1 at the half!
Luuuuuuuuuuuuuukkkkkkee!!!!!
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Random Musings
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Re: Scientist Predicts 60% Market Collapse

Post by Random Musings »

Still a close game. I wonder what the scientist predicted on this outcome.

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cheese_breath
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Re: Scientist Predicts 60% Market Collapse

Post by cheese_breath »

I thought the dreaded triple top was a cone with chocolate, vanilla, and strawberry with an extra cherry on top. My tummy always hurt after scarfing that one down, not to mention the dreaded ice cream headache.
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Alan S.
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Re: Scientist Predicts 60% Market Collapse

Post by Alan S. »

backofbeyond wrote:An economist is just someone who’s job is to make a weatherman look accurate.

same difference
And no one gets any publicity for predicting minor changes from a flat market. That's why there is such a proliferation of "noise" predicting armageddon or Dow 36,000!
wriggly
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Re: Scientist Predicts 60% Market Collapse

Post by wriggly »

The give-away that this is a complete load of tosh is the appeal to the authority of the United Nations, UK Parliament, and Fortune 500 companies. Each of these groups is defined by being a large collection of competing opinions, where the identifiable entity-in-charge (UN Secretary-General, Speaker of the House, Mr Market) is more a referee than an executive. Hence, these bodies do not really have an official opinion on anything - perfect when you're trying to avoid the chance that there might exist any evidence to refute your claims.
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stemikger
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Re: Scientist Predicts 60% Market Collapse

Post by stemikger »

Nathan Drake wrote:http://www.moneynews.com/MKTnews/Market ... ce=taboola
Chris Martenson is a world-renowned expert on identifying dangerous, yet hidden, exponential growth patterns in global economies, energy demand, and food consumption...

And he is predicting a 60% stock market collapse will strike in the next three months.

Martenson’s opinion isn’t to be taken lightly, as his research is highly regarded by the United Nations, UK Parliament, and Fortune 500 companies.

His shocking forecast is based on a new alarming pattern he’s identified — he’s calling it “a dreaded triple top” (pictured below).
Not the dreaded triple drop! That always happens, doesn't it?

Technical analysis is so fun...I'm glad a "scientist" was able to figure this out, because the markets work just like they do physics...
Thanks for posting this. I'm changing my Asset Allocation right now. 100% in cash. Whew. I timed it perfect this time. Thanks again.
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larryswedroe
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Re: Scientist Predicts 60% Market Collapse

Post by larryswedroe »

NOte in the article they cite the book Aftershock
I was asked to read it by an advisor we work with, IMO one of worst pieces of trash I've read
These people are NOT in the forecasting business but the fame business. And one doesn't get famous forecasting the "ordinary" only the extreme
I used to give a talk listing many outlier forecasts by famous economists --none of which came true, but sure scared many people
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FafnerMorell
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Re: Scientist Predicts 60% Market Collapse

Post by FafnerMorell »

If this was a real scientific theory, it would have a much cooler name like "Death Cross" or "Hindenburg Omen". You're never going to stir the blood of the ignorant masses with a name like "Dreaded Triple Top" (although starting with "Dreaded" is a step in the right direction - maybe if they could scientifically tie it to "Dread Pirate Roberts", like so "Dread Pirate Top Sudden Death Stop".

I would definitely sell if I knew a "Dread Pirate Top Sudden Death Stop" was coming (although it's a bit lengthy of a name).

That said, Chris Martenson does have some interesting stuff (although definitely in the gloom & doom camp) - but if you listened to it, you would have sold long, long ago and probably never bought since.
exoilman
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Re: Scientist Predicts 60% Market Collapse

Post by exoilman »

Jumping into my time machine and will let everyone know when I get back from June 2013. :moneybag
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Rob5TCP
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Re: Scientist Predicts 60% Market Collapse

Post by Rob5TCP »

Martenson's wiki page is somewhat sketchy and is mostly scientific. Very little about his economic "prowess".
Wiki states that the bio seems to have been written more as an advertisement with no direct sources and a major
contributor seems to have a direct connection to him.


http://en.wikipedia.org/wiki/Christopher_Martenson

The game was much more interesting - kudos to Louisville
a phenomenal game with an incredible first 1/2.
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Re: Scientist Predicts 60% Market Collapse

Post by Rick Ferri »

Extreme fear sells better than greed.

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JupiterJones
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Re: Scientist Predicts 60% Market Collapse

Post by JupiterJones »

(Sung to the tune of "Rocky Top")

Look out it's the Dreaded Triple Top
Market's gonna collapse
If you're buying stocks you better stop
Put your money in cash

Once you spot the Dreaded Triple Top
You are in for some hurt
Bet your boots the bubble's gonna pop
Trust me, I'm an expert

Triple Top! You'll always be
due to Ben Bernankeeeee!
Dreaded Triple Top
Someone call CNBC
Someone call CNBC


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kenyan
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Re: Scientist Predicts 60% Market Collapse

Post by kenyan »

I'm a scientist. I predict a 8.58% drop from today's close at some point during the year, followed by a recovery and year-end close 1.7% up. I call it the "Trey Burke's block was clean" collapse with a "why can't Hancock miss" double-take.

Should I write an article?
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TSR
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Re: Scientist Predicts 60% Market Collapse

Post by TSR »

FafnerMorell wrote:(although starting with "Dreaded" is a step in the right direction - maybe if they could scientifically tie it to "Dread Pirate Roberts", like so "Dread Pirate Top Sudden Death Stop".

I would definitely sell if I knew a "Dread Pirate Top Sudden Death Stop" was coming (although it's a bit lengthy of a name).
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Beagler
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Re: Scientist Predicts 60% Market Collapse

Post by Beagler »

backofbeyond wrote:An economist is just someone who’s job is to make a weatherman look accurate.

same difference
Is he an economist or a scientist? (We should never confuse the two.) :D
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MoonOrb
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Re: Scientist Predicts 60% Market Collapse

Post by MoonOrb »

Is this anything like the Triple Dog Dare?
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Re: Scientist Predicts 60% Market Collapse

Post by Confused »

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Re: Scientist Predicts 60% Market Collapse

Post by livesoft »

This thread was better when it was about basketball.

Let's debate, was Burke's block of Siva a clean block or not?
Multiple viewpoints: http://www.youtube.com/watch?v=4CqURNU8tjo
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lwfitzge
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Re: Scientist Predicts 60% Market Collapse

Post by lwfitzge »

livesoft wrote:This thread was better when it was about basketball.

Let's debate, was Burke's block of Siva a clean block or not?
Multiple viewpoints: http://www.youtube.com/watch?v=4CqURNU8tjo

Clean....Basketball is preferable to the OP however I'm still licking my wounds as a Michigan alum... :(
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Re: Scientist Predicts 60% Market Collapse

Post by kenyan »

You already know my viewpoint; I named a market phenomenon after it.
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Re: Scientist Predicts 60% Market Collapse

Post by greensky »

I'm not believing it until Nate Silver predicts it. He had Louiville winning so that's who I went with.
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Re: Scientist Predicts 60% Market Collapse

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