Martha & BigE12B Predict MARKET COLLAPSE 12/15/15

Next Tuesday - hot off the press. - from Martha

#1 the budget and possible furlough- They can’t agree so postponed to next week.

#2 Tues the 15th D Day for market collapse, all areas. gold, silver and oil l leading the pack.

#3 Fed announces about interest rates. yes or no?. it doesn't matter, the Fed is cooked and all credibility will be gone. Bye Bye. Could this be the death of the fiat currency?

The south African rand took a nose dive this week. another currency for the cause?

#4.oil oil oil. glutting the market.Will it get to 20.00 a barrel? Also the futures market is falling apart but intentionally.

I sent a series of articles to support this.  Martha
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From Reuters News:

Major disagreements hobble Congress budget talks
http://www.reuters.com/article/idUSKBN0TT28J20151210

The U.S. Congress is nowhere near reaching a deal on government funding, a senior lawmaker said on Thursday, as Republicans who control both chambers struggled to meet conservative demands and show they can avoid agency shutdowns.

Well here it is but they now have till next week do or die.

South African rand hits low - more pain coming?   http://www.cnbc.com/id/103231966

Middle-class Americans 'no longer majority'   http://www.cnbc.com/id/103231925

Currency war risks revived as yuan slides  http://www.cnbc.com/id/103230883

BOK stays on hold amid Fed rate wait   http://www.cnbc.com/id/103231122

I guess  we watch now until Tuesday. I believe that we are there …….look at the 22nd as a completion in time for Christmas. like I said, Tuesday is going to start a week of financial collapse.


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BigE12B:  1 of my Financial newsletters is calling December 15th terrifying Tuesday

Expecting extremely volatile market Tuesday December 15th specifically speaking to precious metals and currency.

"quote" The same cycles that accurately predicted every major event in the economy and investment markets for over 100 years ..
.
The same charts that enabled us to win 13 of our 14 closed trades last month (a 93% win rate) ..

... Are sending me one of the clearest signals I’ve ever seen: Tuesday is going to go down in history as one of the most volatile dates in decades!

Suddenly, the cycles charts that identified next Tuesday, 12/15 as a major turning point for gold ...

... Are ALSO identifying it as the key turning point for silver, platinum and palladium ...

... A major date for all the major currencies, including the U.S. dollar, the euro, the Japanese yen and the Australian dollar ...

... And they’re ALSO saying next Tuesday is the key date for the U.S. stock market!

 You could see gold plunging $30 or even $50 in the morning, then exploding $30 or $50 higher in the afternoon.

You could see the euro spiking 5% in the morning, then swooning to 10% in the afternoon.

You could see the Dow and S&P 500 up 300 or even 500 points in the morning, then down that much or even more in the afternoon

ssmith wrote:Next Tuesday - hot off the press. - from Martha

#1 the budget and possible furlough- They can’t agree so postponed to next week.


*Yawn* We've gone through this on a regular basis for years ... big deal.

#2 Tues the 15th D Day for market collapse, all areas. gold, silver and oil l leading the pack.

Wanna bet?

#3 Fed announces about interest rates. yes or no?. it doesn't matter, the Fed is cooked and all credibility will be gone. Bye Bye. Could this be the death of the fiat currency?

This will be about as accurate as your past predictions have been, which is to say not at all.

The south African rand took a nose dive this week. another currency for the cause?


The South African Rand has been on a steady trend downward for the last 5 years or so, (see the chart below). In other words, no thing new here. BTW South Africa is the S in the almighty BRICS...


#4.oil oil oil. glutting the market.Will it get to 20.00 a barrel? Also the futures market is falling apart but intentionally.

Perhaps it will reach $20/bbl, but over production will have to continue for a while before it does. Even if it does though nothing here spells RV.
-snip-

 You could see gold plunging $30 or even $50 in the morning, then exploding $30 or $50 higher in the afternoon.


Gold has proven extremely volatile, so not exactly a surprise or a big deal here.

You could see the euro spiking 5% in the morning, then swooning to 10% in the afternoon.

Another non event ... this has happened before and not long ago at that.

You could see the Dow and S&P 500 up 300 or even 500 points in the morning, then down that much or even more in the afternoon
No big deal on the DOW, a couple percent at the most, in the case of the S&P 500, it would be a big deal, but not likely to happen, not if the DOW only drops a few hundred.

In summary, as usual you have nothing.

It'll take months to reach $20 barrel, but it won't!!! Saudi Arabia and OPEC will see to that...Wait..Why am I even responding to Martha?

Is her last name 'Stewart'?

What say you now Martha ... #1 is already missed ....

Obama, Congress avert federal shutdown, winnow final disputes in tax-cut, spending packages

By ALAN FRAM - Associated Press
Friday, December 11th 2015, 5:36 pm EST

WASHINGTON (AP) — Avoiding the high drama of recent year-end budget fights, President Barack Obama signed legislation Friday keeping government agencies open into next week, giving White House and congressional bargainers more time to complete sweeping deals on taxes and federal spending.

Facing a midnight deadline, Obama signed the measure keeping government afloat through Wednesday just hours after the House used a voice vote to send it to him. The Senate approved the bill a day earlier, its easy sojourn through Congress underscoring that neither party saw reason to risk a government shutdown battle.

Talks were likely to stretch at least into the weekend over the environment, Syrian refugees, guns and dozens of other disputes sprinkled across two major bills. One would provide $1.1 trillion to finance government for 2016; the other would renew around 50 expiring tax cuts for businesses and individuals that, with additions, could swell to a 10-year price tag of $700 billion or more.

Disagreements remained but show-stopping, partisan quarrels were already resolved, lowering the decibel level of this year's budget endgame. The overall $1.1 trillion spending total was previously cemented in place, leaving only spending details to finalize, and Republicans decided to avoid shutdown brinkmanship with Obama by omitting provisions dismantling his 2010 health care law and halting Planned Parenthood's money.

GOP lawmakers also attributed the lessened intensity to new Speaker Paul Ryan, R-Wis., who replaced the ousted John Boehner, R-Ohio, this fall. They said they needed to finish this year's work and focus on passing election-year bills in 2016 highlighting GOP priorities on taxes and health care.

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"There's a honeymoon period in here," conservative Rep. Ted Yoho, R-Fla., said of Ryan's recent ascension to the top House job. "And I think Paul's articulated very well where we want to go."

Leaders were hoping Congress would adjourn for the year next week after approving the two measures.

Republicans wanted to insert language into the bills ending the four-decade ban on U.S. oil exports and curbing Syrian refugees from entering the U.S., a response to last month's deadly attacks in Paris. They also wanted to roll back legal curbs on the financial industry, prevent Obama from easing ties with Cuba and block his efforts to fight air and water pollution.

Yet though Republicans dominate Congress, the aversion of many GOP lawmakers to spending bills meant Democratic votes would be needed to pass the sweeping $1.1 trillion package.

Seeking to use leverage, House Minority Leader Nancy Pelosi, D-Calif., was threatening to withhold Democratic support unless Republicans agreed to annual inflation increases to a tax credit for children.

"Lifting the ban on oil (exports) and all of the money that means for the oil industry" without boosting the children's tax credit is "too big, it's unfair and it does not have the support of House Democrats," Pelosi told reporters.

Pelosi was also seeking more money for renewable energy and an end to curbs on federal research into gun violence, an issue given life by last week's mass shooting in San Bernardino, California.

No. 2 House Democratic leader Steny Hoyer of Maryland indicated on C-SPAN's "Newsmakers" that Democrats could be open to bargaining on oil exports and gun violence research. But he expressed opposition to an effort by Senate Majority Leader Mitch McConnell, R-Ky., to lift campaign spending limits by party committees for candidates for federal office, saying, "I don't want to say we can live with it."

It was unclear if lawmakers would pull off a major tax bill with permanent extensions benefiting both sides or opt for a two-year extension of existing tax breaks.

Republicans wanted business tax reductions for research and development and for equipment purchases to be made permanent. For their part, Democrats were seeking permanence for Obama-passed increases in tax credits for low-earning households, families with children and college students.

In another fight, House Majority Leader Kevin McCarthy and other California Republicans blamed Sen. Dianne Feinstein, D-Calif., for blocking a provision aimed at bringing more water to the state's farm belt amid a severe drought. At a news conference, the Republicans said Feinstein abandoned a deal in which GOP lawmakers had conceded to Democratic demands, including protection of endangered species.

Feinstein said the language likely would have violated environmental law.

"I expect that by early next week we'll have a bill that the state and federal government can sign off on," Feinstein said in a statement.
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AP Congressional Correspondent Erica Werner and AP writer Mary Clare Jalonick contributed to this report.
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