MarketWatch: 'Wall Street' sequel is an omen of U.S. collapse

[marmar]

March 16, 2010, 12:01 a.m. EDT ·

'Wall Street' sequel is an omen of U.S. collapse
Commentary: Is Oliver Stone's new film a market-timing signal for the Crash of 2010?

By Paul B. Farrell, MarketWatch


ARROYO GRANDE, Calif. (MarketWatch) -- Yes, Oliver Stone is suddenly America's hottest market timer, as well as the voice of the inner "American Soul," warning investors of a collapse. Remember the Crash of 1987? One-day 23% drop. Happened just before his 1987 "Wall Street" film hit the theaters.

He says he can't predict the future. Don't believe him: Even if he's unaware of his "source," it's stirring again, rising from deep in what Carl Jung would call the "collective unconscious" of the "American Soul," warning us again of a collapse, using Stone as a stock trader's "alert."

Wake up Wall Street: You're getting the biggest market timing signal of 2010!

Seriously, why now? Why after 23 years, did Stone decide to update the message of his famous 1987 movie. Great question: The interviewer was Michael Lewis, former Salomon trader, author of "Liar's Poker," a guy who understands Wall Street's soul.

Stone's answer is in "Greed Never Left," Lewis' Vanity Fair review of Stone's new movie, "Wall Street: Money Never Sleeps." Stone had to think about it: "Why did I go back?" Why? "Because it's important. It's the collapse of capitalism and the collapse of our society. It is. Our way of life is going to change."

The collapse of capitalism? Not just a stock market crash. He's predicting the "collapse of our society." Worse, Stone's predicting: "Our way of life is going to change." Is this really a market-timing signal? Hey, it was in 1987. Will history repeat? The odds say yes. ..........(more)

The complete piece is at: http://www.marketwatch.com/story/wall-street-sequel-an-omen-of-us-collapse-2010-03-16

[damyank913]

1. Oliver Stone!! Are you serious?

Must be a slow news day.

[MsLeopard]

2. Very good article

DUs Stock Market Watch daily thread in LBN has been talking about this idea for years, it's nice to see M$M may be catching up.

[Echo In Light]

3. Hmm...interesting