Oh gawd here we go again, another amateur, armchair Doomsday merchant in Arjay.

If you look hard enough, you will find that over the past 50 years there's many professional, financial "experts" to be found, EVERY WEEK, in good times and bad, who predict financial and stock market Doomsday. They are the prophets of the secular world, and just like the crazy biblical prophecies, real Doomsday NEVER happens.

About every 15 years or so there's a major stock market decline. Now if enough Doomsday merchants keep repeating their mantra for long enough, of COURSE they will EVENTUALLY make, by coincidence, a doom prediction just before an upcoming crash. And the amateur armchair Doomsday merchants like Arjay and co, will look upon them as financial Demigods who got it right. It's laughable.

Folks, Doomsday is not upon us. These religious style financial prophecies will not come true. Doomsday is only for the "believers".

Folks, have fun, invest, sometimes you'll win and sometimes you'll lose. Doomsday is not upon us.

Jay123,Would you care to refute the evidence based on the statistics ? This will be no ordinary market correction.

[This person is a sock puppet who has been barred from the forum for offensive behaviour. If anyone notices someone like this turning-up again can you please notify me? Their previous persona was Jay123. Thanks, GrahamY]

Jay123 there are many who predicted the 2007 crash who say that was just the warm up. The too big to fail banks were just bailed out and the bankers have plans to "bail in" to our savings like Cyprus.

If the system is so stable; Why do they need legislation to steal our bank deposits? http://www.cecaust.com.au/

Ho Hum, the GFC was predicted back in 1956 except he was out by five years.
Every recession is preceded by a spike in oil prices.

Energy IS the economy Stupid !

Bazz they all believe the market BS. My house has gone up in market value by $500,000 in just two yrs. This is not a reflection of real productive capacity of our economy, but money printing by the banks.Add into the mix Corps borrowing to buy their own shares, derivatives many times our GDP and Govt debt of record amounts, we have a perfect storm for a monumental collapse.