Market Alert for Tonight 10/20-10/21

October 21, 2007 on 12:51 pm | In Old Posts |

For all my readers, pay STRICT attention to the markets tonight. The Turkish-Kurdish situation is heating up, the oil markets will be sensitive to the announcement from Turkey this afternoon (after 1300 EDT) and it would appear that the PKK wants to have a Turkish invasion of Iraq and soon. This will cause a major dislocation in many markets and that should be reflected in the futures when they open Sunday afternoon.

I’ll have more to add on this later, but there are some other major bankster problems which could be aggravated by sudden movements in the futures and overseas instability. This will be another one of those “most interesting” evenings, needless to say.

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  1. Dear John,

    I really listen carefully to your show. I subscribe to the archives of Steve Quayle. I also listen to him and his guests.
    I live in the Great lakes area of Lake Erie. I am obsessed with getting my survival goods in order even if everyone laughs. I noticed a few more asking about freeze dried food and gold and silver. I am always thinking ahead.
    I noticed the grocery prices have been up. It started a few months ago in catfood. More than a 10 percent increase in less than 6 months. I was in the grocery store today and had to go outside and look at the store I was in as I thought I was in the local exotic food store because their prices were so much higher than usual. I am also a Deputy Sheriff and sell all of the foreclosed homes. I was swamped with them about 4 years ago and begged for help in my office because of the workload. They have doubled since then and keeping up is a chore. I was a street officer for 7 years prior to going to the civil division and glad I was because people are getting a little more difficult to deal with. I always work with them because our office also moves them out if they don’t vacate. I have been on the ground floor with people for a long time and have been with the department for 18 years. I can almost bet our retirement funds will not be there when I am ready to retire in about 10 years. I recently found out our local bank has been selling their mortgages to Countrywide Mortgage Company. They were the bank who promised never to sell mortgages….John, we have, in this country, some major problems. When it all breaks lose there will be major riots and I am sure when Martial Law is declared we will have a lot of clueless folks.

    Thanks for your show. I get it. To meet you, Steve, and his great guests, would be awsome.

    Sophia

    Comment by Sophia Bauders — October 21, 2007 #

  2. Reading the timebomb thread, John.

    Oh, have Bloomberg on right now. The infobabe just mentioned the ‘US housing recession’ and that is the first time I have actually heard it called recession. Also mentions that Countrywide lost over 1USD per share.

    Deep doo doo tonight and not getting better. Your pal Genesis has a thread going at his forum:
    http://www.tickerforum.org/cgi-ticker/akcs-www?post=12304&page=1

    Great show last Friday night!

    BTW, the muslim Turks are certainly showing the US what they think of their NATO affiliation, aren’t they?

    Comment by Joe — October 22, 2007 #

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