Martin Armstrong............I can't believe it. This man predicted a major turning event in a paper called: Armstrong Economics: "The Coming Great Depression. Why Government Is Powerless" :
"....A year-end closing beneath this general level will signal that we could see the sharp decline to test the extremes support at 3,600-4,000 by as early as April 19th, 2009 going into May /June 2009. If we were to drop so quickly into those targets, this would be most likely the major low with a significant rally into at least April 16th, 2010.This could well be the "turning point".
The less volatile outcome would be a prolonged decline into the December 2009 target to about April 16th, 2010. A low at that late date would tend to project out for a high as early as June 2011 or into late 2012. Nevertheless, volatility appears to be very high. Those who were at the 1985 Economic conference in Princeton, may want to review those video tapes. The volatility we were looking at 20-30 years into the future is now. As 3 of the 5 major investment bankers failed, Merrill, Lehman and Bear, the liquidity has evaporated so the swings are going to be much more dramatic.
The major support is 3,600 on the now Industrials. During '09, the support area appears to be 6,600, 5,000, and 4,000-3,600. Clearly, resistance is shaping up at 9,700-9,800. It would take a monthly close back above the 12,400 level to signal new highs are likely. If we saw a complete collapse into a low by April 2009 or June 2009 reaching the 4,000 general area, this would be the major low with most likely a hyper-inflationary spiral developing thereafter. In that case, the now Jones Industrials could be back at even new highs as early as mid 2011 or going into late 2012..."
Articles about this event in Moneyweek here and an old one from 2007 over here.
More informantion on Iranian nuclear sites here.
Israel stands ready to bomb Iran's nuclear sites
Sheera Frenkel in Jeruzalem; April 18th 2009
Among the steps taken to ready Israeli forces for what would be a risky raid requiring pinpoint aerial strikes are the acquisition of three Airborne Warning and Control (AWAC) aircraft and regional missions to simulate the attack.
Two nationwide civil defence drills will help to prepare the public for the retaliation that Israel could face.
“Israel wants to know that if its forces were given the green light they could strike at Iran in a matter of days, even hours. They are making preparations on every level for this eventuality. The message to Iran is that the threat is not just words,” one senior defence official told The Times.
Officials believe that Israel could be required to hit more than a dozen targets, including moving convoys. The sites include Natanz, where thousands of centrifuges produce enriched uranium; Esfahan, where 250 tonnes of gas is stored in tunnels; and Arak, where a heavy water reactor produces plutonium.
The distance from Israel to at least one of the sites is more than 870 miles, a distance that the Israeli force practised covering in a training exercise last year that involved F15 and F16 jets, helicopters and refuelling tankers.
The possible Israeli strike on Iran has drawn comparisons to its attack on the Osirak nuclear facility near Baghdad in 1981. That strike, which destroyed the facility in under 100 seconds, was completed without Israeli losses and checked Iraqi ambitions for a nuclear weapons programme.
“We would not make the threat [against Iran] without the force to back it. There has been a recent move, a number of on-the-ground preparations, that indicate Israel's willingness to act,” said another official from Israel's intelligence community.
He added that it was unlikely that Israel would carry out the attack without receiving at least tacit approval from America, which has struck a more reconciliatory tone in dealing with Iran under its new administration.
An Israeli attack on Iran would entail flying over Jordanian and Iraqi airspace, where US forces have a strong presence.
Ephraim Kam, the deputy director of the Institute for National Security Studies, said it was unlikely that the Americans would approve an attack.
“The American defence establishment is unsure that the operation will be successful. And the results of the operation would only delay Iran's programme by two to four years,” he said.
A visit by President Obama to Israel in June is expected to coincide with the national elections in Iran — timing that would allow the US Administration to re-evaluate diplomatic resolutions with Iran before hearing the Israeli position.
“Many of the leaks or statements made by Israeli leaders and military commanders are meant for deterrence. The message is that if [the international community] is unable to solve the problem they need to take into account that we will solve it our way,” Mr Kam said.
Among recent preparations by the airforce was the Israeli attack of a weapons convoy in Sudan bound for militants in the Gaza Strip.
“Sudan was practice for the Israeli forces on a long-range attack,” Ronen Bergman, the author of The Secret War with Iran, said. “They wanted to see how they handled the transfer of information, hitting a moving target ... In that sense it was a rehearsal.”
Israel has made public its intention to hold the largest-ever nationwide drill next month.
Colonel Hilik Sofer told Haaretz, a daily Israeli newspaper, that the drill would “train for a reality in which during war missiles can fall on any part of the country without warning ... We want the citizens to understand that war can happen tomorrow morning”.
Israel will conduct an exercise with US forces to test the ability of Arrow, its US-funded missile defence system. The exercise would test whether the system could intercept missiles launched at Israel.
“Israel has made it clear that it will not tolerate the threat of a nuclear Iran. According to Israeli Intelligence they will have the bomb within two years ... Once they have a bomb it will be too late, and Israel will have no choice to strike — with or without America,” an official from the Israeli Defence Ministry said.