Does anyone else have a feeling the markets are going to collapse again in Nov/December?

[TwixVoy]

Does anyone else have a feeling the markets are going to collapse again come November/December?

I think that when the numbers come out during the Christmas season and it is clear that too many people are no longer capable of spending (either because they can no longer get easy credit or have not been able to find a job) the whole thing is going to fall apart.

We are being told right now that everything is recovering and we are having a 'jobless recovery'. I don't buy it. The majority of our economy is based on consumer spending. When people don't have jobs and easy credit they don't spend. I think that once it is clear that isn't happening at the end of this year the American economy is going to take another nose dive.

[Nitrogenica]

1. Yes, absolutely. It feels like another bubble is being created.

We need jobs. The trade deficit is important.

[panader0]

2. Christmas season? Hell, it's already happened.

You must be doing well. I've been "no longer capable of spending" for a long time now.

[TwixVoy]

11. I have been looking for a job for some time as well

I mean that I feel Christmas season will be when the illusion of 'jobless recovery' is seen to be BS by the masses.

[NC_Nurse]

3. Plus the commercial real estate market is beginning to crack. If stores don't do

enough business for Christmas, they will close and leave MORE retail space empty.

[DemReadingDU]

4. I think October

Market crashed in October 1929, October 1987, October 2008

[onehandle]

5. No. There will be an October dip as usual, then back to the slow climb.

Meanwhile George W. Bush is sitting on a gold throne in Dallas.

[Johonny]

9. I agree

Store inventory now reflects the actual market so I believe the actual Christmas market has already adjusted to the economy.

[KharmaTrain]

6. Tale Of Two Economies

The market and the "brick & morter" have been detached for a long time...fitting with the divide between the rich and the rest of us.

THe investor class already had their collapse...billions of TARP funds have gone to prop up this sector...thus detaching it from the retail economy. It's bail out money that's become the latest gambling chips and what is driving up the market. If anything, we see stock prices rise when companies announce "downscaling" or "restructuring" as cutting expense (people) always moves a stock price higher...even when it dooms the company.

And that's where you'll see the bust. Many companies are on bankruptcy's doorstep and I suspect a weak xmas...and all indicators say it's gonna be brutal...are sure to pull them under. But the damage won't pull down the entire economy as it will create new financial opportunities for the "vulture" capitalists who will liquidate or further consolidate...the market goes up...the rich make money.

The credit and interest rate crunch is what's killing any revival...the banks don't think the little people are worth investing in...only profiting from.

[livetohike]

7. No

In my family and circle of friends, two have just bought houses this month. Three have bought brand new cars.

[PretzelWarrior]

8. no. it won't

[sendero]

10. It will be well before..

... then.

[theophilus]

12. NO. n/t

[Karenina]

13. BWHAHAHAHAHAHA!

:rofl::rofl::rofl:

[upi402]

14. All the "Dems" that supported NAFTA and GATT politicians can kiss my ass

The steak is now cooked and you can stick your fork in it... but you cannot take a bite!
Maybe if you make REEEEEEAAAAAALLLLLL nice- your corporate "Dem" masters will let you lick it clean for them.

Suckers.

ALL HAIL THE UNIPARTY!

[dixiegrrrrl]

15. Economy writers I trust are saying Sept/Oct. bust.

Because the Treasuries have no market, and the Fed/Treasury need to sell 500 times our GDP each month to keep the Ponzi scheme going.
then add the commercial real estate loans coming due and Alt-A loans coming up for re-set.
It cannot go on.
There are openly printed comments about government default, but no one wants to believe them.
Optimists are now saying we will end up like Japan.
Pessimists are saying Argentina.
More and more I am hearing sooner than later.

good to see ya, Twix........
:hi:

[Dulcinea]

16. WTF is a "jobless recovery" anyway?

If people aren't getting jobs, it's not a recovery!

The majority of our economy is based on consumer spending. When people don't have jobs and easy credit they don't spend.

Couldn't have said it better.

[BlooInBloo]

17. I think they're going to collapse every day of my life. And if they don't...

Then I think the collapse tomorrow will be twice as bad as it would have been today.

I'm really a very happy person, though.