Yes, Oliver Stone is suddenly America's hottest market timer, as well as the voice of the inner "American Soul," warning investors of a collapse. Remember the Crash of 1987? One-day 23% drop. Happened just before his 1987 "Wall Street" film hit the theaters.
He says he can't predict the future. Don't believe him: Even if he's unaware of his "source," it's stirring again, rising from deep in what Carl Jung would call the "collective unconscious" of the "American Soul," warning us again of a collapse, using Stone as a stock trader's "alert."
Wake up Wall Street: You're getting the biggest market timing signal of 2010!
maybe the BEST (and most truthful) paragraph is....
All this was predictable back in the winter of 2008, when at the center of the storm ... when Wall Street was melting down ... when a frightened Treasury Secretary Paulson's sole objective was NOT (saving) America but saving his beloved Goldman Sachs and the other fat-cat banks from wholesale bankruptcy ... back then when Washington and Wall Street were overwhelmed, blinded, Naomi Klein, author of "Shock Doctrine: The Rise of Disaster Capitalism," accurately predicted another bubble/collapse for America:
Yes, Oliver Stone is suddenly America's hottest market timer, as well as the voice of the inner "American Soul," warning investors of a collapse. Remember the Crash of 1987? One-day 23% drop. Happened just before his 1987 "Wall Street" film hit the theaters.
He says he can't predict the future. Don't believe him: Even if he's unaware of his "source," it's stirring again, rising from deep in what Carl Jung would call the "collective unconscious" of the "American Soul," warning us again of a collapse, using Stone as a stock trader's "alert."
Wake up Wall Street: You're getting the biggest market timing signal of 2010!
maybe the BEST (and most truthful) paragraph is....
All this was predictable back in the winter of 2008, when at the center of the storm ... when Wall Street was melting down ... when a frightened Treasury Secretary Paulson's sole objective was NOT (saving) America but saving his beloved Goldman Sachs and the other fat-cat banks from wholesale bankruptcy ... back then when Washington and Wall Street were overwhelmed, blinded, Naomi Klein, author of "Shock Doctrine: The Rise of Disaster Capitalism," accurately predicted another bubble/collapse for America:
That is an interesting correlation but it is probably nothing but just blind luck.
probably the "logical fallacy" like the old "super bowl indicator" ALTHOUGH a lot of public interest after a protracted bull market, as shown by a lot of movies and TV shows with financial themes, seems to occur at tops. just before the "Dot Bomb" bubble came unstuck there were movies like "Boiler Room" and the TV show about some kid trader that leaves his daddy's firm to start his own hedge fund (I forget the name). it first aired just as the market started to roll over.
That is an interesting correlation but it is probably nothing but just blind luck.
probably the "logical fallacy" like the old "super bowl indicator" ALTHOUGH a lot of public interest after a protracted bull market, as shown by a lot of movies and TV shows with financial themes, seems to occur at tops. just before the "Dot Bomb" bubble came unstuck there were movies like "Boiler Room" and the TV show about some kid trader that leaves his daddy's firm to start his own hedge fund (I forget the name). it first aired just as the market started to roll over.
Will have to look at that series..I think I remember it and that it was way over the top and was not realistic to how the market was at that time.
The movie Boiler Room was interesting for sure, not really how the market was either..rather a small segment of scammer brokers who would cold call customers to sell stock..great slick movie and I liked it quite a bit, but not mainstream at all..
Rat,
Will have to look at that series..I think I remember it and that it was way over the top and was not realistic to how the market was at that time.
The movie Boiler Room was interesting for sure, not really how the market was either..rather a small segment of scammer brokers who would cold call customers to sell stock..great slick movie and I liked it quite a bit, but not mainstream at all..
well my point was that when the market becomes "glamorous" to the entertainment industry, it's usually a sign of overheating. does it turn on a dime? usually not BUT it can be an early warning signal.
well my point was that when the market becomes "glamorous" to the entertainment industry, it's usually a sign of overheating. does it turn on a dime? usually not BUT it can be an early warning signal.
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