Possibilities for The Present

Is it the same as ’08, but worse?

For old-timers who were there during the crash of ’08, and ’00, and ’98, all the way back to ’87, the pattern of ’08, was different.

During the ’08 crisis, you could see (and feel) in real time, how the burden was transferred by decree, to the public.

Along with that, was:

‘If this thing somehow manages to pull out, the next time (and there will be a next time) there’s no saving it’.

Re-Visiting, ’08

Data’s accumulating, building the case, we’re back to the ’08 playbook (not advice, not a recommendation).

2008 All Over Again- Jamie Dimon Says Defaults Are Coming, link here.

They Rebuilt the 2008 Crash Machine — And Put It In Your Retirement Account, link here.

‘I Expect Something Similar To 2008’ Warns Trader | Todd Horwitz, link here.

Memory Lane

Just a reminder of what it was like back then, this link.

Flash Crash ’10

Since we’re building a case, let’s throw in this, link here.

‘all the way down … 79s are tradinggggggg…’

Silver Then, Silver Now

So, how did silver behave during that blow-up in ’08. Did ‘everybody’ flock to safety?

The short answer is no. Silver got hammered; down nearly 60%, right along with the rest.

Only afterwards, did it launch into a bull move. All of which, brings us to today.

Silver Tracking ETF, SLV, Monthly

Looking at the chart, one can immediately understand what’s being suggested (not advice, not a recommendation).

A decline of 60% from the January 29th, high, puts SLV in the vicinity of 43 – 44 (not advice, not a recommendation).

Stay Tuned

Charts by StockCharts

Note:  Posts on this site are for education purposes only.  They provide one firm’s insight on the markets.  Not investment advice.  See additional disclaimer here.

The Danger Point®, trade mark: No. 6,505,279