The 1929 market crash was key in building the BAM Model but what’s it telling us about today’s stock market?
We depend 100% on our proprietary BAM model but we also try to keep our head up with regard to other interesting ideas. After all, our model makes some of the most outrageous predictions from time to time–like telling us that crude oil would crash from 147 dollars to 36 dollars over a 12-18 months period back in 2008.
Well…here we are again.
We’re standing out on a limb here with our call for a 50% crash in the stock market over the coming 2-5 months and although we could have held that forecast to ourselves, we’d rather walk the talk by putting ourselves and our money on the line here.
These are interesting times and although I’d love to be bullish and I’d love to be the guy bringing great news to the table, the model is the most bearish I have ever seen it. This includes the readings at the all-time high in 2007 and it also includes the 2008 pre-crash readings we were seeing.
I’ll leave the fundamentals up to those who follow that discipline, but the BAM Model, as we saw so many times during 2007 and 2008, is predicting something that most seem unprepared for– and we’re going to follow its predictions.
Our BAM TFAC (Twitter Full Access Campaign) is going very well with 5% single-session gains posted in many of our individual recommendations today.
As you know, this campaign –opening up our “playing hand” for the world to see– is regarded by some as “suicide by forecasting”…, but we believe in the BAM Model and its ability to guide us to profits, and we welcome this very public challenge. After all, we’ve always broken the rules (you’re NEVER supposed to provide both time and price objectives when forecasting!), and now we’re not only breaking the rules…we’re breaking them in front of a global audience!
To that point, we’re happy to see the press picking up our TFAC story and we hope to see our stock market crash alert reach the eyes and ears of many more individual investors over the coming days.
We’ve included a link to one of the articles written about us by our friends in India – CommodityOnline. They are the leading provider and largest global vertical of information, news and research on commodities.
Check back often (or become a “BAM Insider” for instant notification of new posts) because we’re going to be posting a brand new video presentation of JG Savoldi explaining the similarities of today’s market and the 1929 stock market crash. We’ve already taken a peek at this video and, I’m telling you, it’s a “must see.”
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