Update

Ron B. - Should Christians be in the Stock market?

|2010-09-01 09:42:02

Jesus said, DO NOT store up your treasures on earth, where moth and rust destroy.

The stock market is a very worldly system and Christians are NOT of this world.

I do not believe in the stock market, never have and never will. It is Satan's worldly system, that's why it's failing now. I read many of the posts on this blog daily from "Christians" and
it's like they want to profit from the miserly of others on the losing end of the trade. For one
to win a trade one has to lose right? We should not be in that type of a gamble as Christians. Should we? Yes the passage in the bible of Jesus condemned the servant who buried his master money and did not invest it so his master got a return on his investment. Was he in the Stock market? doubt it. He Could have bought land or other things to make a profit. But the real thing here is we as Christians we are commanded to not partake in Babylon and her system. I have read other peoples blogs here on this site that keep telling you all that you are trading in a controlled market and that it's been rigged by Ben and the Fed's even Steve says this from time to time. Why trade when and risk losing?
if that is true and the markets are rigged. Which I agree and think it is, you all are going to risk becoming more and more hardhearted and bitter toward them that control this evil market and world. As the Bible says "honest weighs and measures" I believe in having Gold and Silver. Yes I do know that they are trade...

Kritrdr

|2010-09-01 09:58:34

Very interesting thought.

Ron Rebner

|2010-09-01 12:39:35

Ron B A good question that I will humbly try to answer. Others, please feel free to pitch in. First, as background, remember the mission of Global Perspectives is to "inform, equip and prepare God's people so that the church is ready, willing and able to minister in uncertain times." This site is a part of that mission. Steve, PastorTim and others have used the original meetings at their church and the periodic videos to talk about the troubles that likely lie ahead, including the stock market, U. S. dollar, banking system, possible wars and other geopolitical problems, biblical events, etc. They have also suggested to prepare for troubles ahead by stocking up on food, water and medicines. Most importantly, the need for many to find the Lord and have Him to rely on and gain strength from as the difficult times evolve.

I believe Steve has been given a special gift from the Lord and that gift is to better see what lies ahead. That is why I call him a Watchman (Ezekiel, chapters 2 and 3). He has also been blessed with great instincts in trading in the financial markets. As part of what he sees ahead, he has recommended that people consider getting totally out of the stock market and to own gold and silver for the long term. That has been good advice.

Now, to the heart of your question. I think it is ok to prudently invest in the likely fall in the stock market. Starting with my strong belief (and personal financial experience) that the stock market is signific...

Ron Rebner

|2010-09-01 12:50:13

Sorry, my response was cut off.

...significantly overvalued, I have taked a limited portion of my assets and coupled it with Steve's abilities. I view it as an good investment (high potential for gain, low potential for loss, using limited assets). As for the market being "rigged", I do believe there has been significant government interference. However, the markets are too big and they will ultimately prevail.

Ron Rebner

|2010-09-01 09:46:13

Volume is running high on both the NYSE and the NASDAQ.
It looks like there is some muscle behind the move so far.

Mars - McHugh courtesy

|2010-09-01 10:18:48

If you want to have a little fun, click on the Free Sample button at the left of our home page at www.technicalindicatorindex.com Here you can pull up our September 12th, 2008 Weekend Newsletter, which forecast almost to the day the coming stock market crash of 2008, which took markets down over 45 percent. Please share this with your friends and colleagues. As we approach the month of September, which has historically been one of the worst months of the year for the stock market, we once again have a dangerous set up in the market here in 2010. Back in that 9/12/2008 newsletter, we showed charts and indicators which warned of serious trouble dead ahead. Back then, like now, the market was on the clock of a confirmed official Hindenburg Omen. Tell your friends and colleagues that a similar situation exists again now, another warning by the market that once a coming short-term rally finishes, another major decline could be coming this autumn.

glitterama

|2010-09-01 23:30:50

Thank you for this Mars.

Short and Poor! - re: Should Christians be in the Stock market?

|2010-09-01 10:22:27

Ron B. wrote:

Matt - I agree

|2010-09-01 10:25:06

Very well put. Please comment again soon Ron
God Bless.. Matt

Ron Rebner

|2010-09-01 10:28:52

I would like to lift up for prayers our Watchman, Steve Meyers. He is having some medical problems and is undergoing testing. Please pray for a proper diagnosis and a good outcome. Steve is a humble man who loves our Lord and is doing what the the Lord has asked him to do. We know that God hears all our prayers.

Mars - Debka

|2010-09-01 10:44:30

US Intel: Tehran pushes Hizballah hard to attack Israel
DEBKAfile Exclusive Report September 1, 2010
Western intelligence and Persian Gulf sources report that on August 30, Hizballah put its forces on a state of war alert and issued a partial call-up of reservists. According to debkafile's military sources, Hizballah appears to be preparing a major attack on Israel straight after the ceremonial start of Israeli-Palestinian peace talks in Washington Thursday Sept. 2.

All our best to Steve Meyers!

SteveP

|2010-09-01 10:53:17

Mars, thanks for the McHugh info. Actually, Tim Wood has been advising of the nearly the same and was looking to short this current rally and bounce from short term low once it appeared to be failing. Like Steve, he indicated possibly next week. We will see.

My Prayers will be with SteveM and his family!!

Short and Poor! - re:

|2010-09-01 10:58:24

Thanks to Steve for all you do, and let's pray God's blessing for him and his family.

Anonymous - re:

|2010-09-01 11:23:48

Ron Rebner wrote:

So sorry to hear that news, I am hoping for all the best for Steve. he has been a great asset in this carzy market the last year.

I was telling a friend last night that this year has just killed my health both physically and mentally. Nothing makes sense, just as today. He as I need a vacation.

Again, wishing Steve the best.

IQL - Prayers for Steve M

|2010-09-01 11:48:19

Steve has been a voice of sanity in a world that is going through transition. And this transition does take a toll on our psyche and emotional capital. Be aware of the dangers and corruption in our economy, but don't forget to be nimble either. I am glad to hear Steve recommend profit taking yesterday on the aggressive position as that kind of nimbleness will prevent emotional fatigue.

Let us not forget that the mainstream media has a bullish bias, which can mislead many people into bull traps and cause a carnage. We need watchmen like Steve to warn people of the upcoming dangerous lest we see a repeat of 2008 where honest retail investors got wiped out. My prayers will be with Steve and his family as his insight has helped many people.

Mars - NYSE Adv/Decl

|2010-09-01 12:16:53

Looking @ preliminary NYAD number of 2759
Only exceeded prior on MAY 10, 27

MAY 10 @ 3107...SP500 close @ 1159.73
SP500 rebounded strongly (+48.85) this day after declining from APR 26 top. Completed short-term top 2 days later @ 1171.67 before more weakness.

MAY 27 @ 2960...SP500 close @ 1103.06
SP500 rebounded strongly (+35.11) this day, then declined and stalled out over next several days.

IQL - re: Should Christians be in the Stock market?

|2010-09-01 13:19:41

Ron B. wrote:

IQL - re: Should Christians be in the Stock market?

|2010-09-01 13:20:28

Ron B. wrote:

IQL - Should Christians be in the Stock Market?

|2010-09-01 13:22:19

--Sorry, my response to Ron B is not showing up in my posts below. So I am reposting my response here as a separate posting. My response was:

Ron B,
I think your sentiment also touched on the appropriateness of Christians being involved in the stock market. I sense that you feel that Christians should not be involved in the stock market in any way because it is satanic the same way astrology or witchcraft are satanic.

My feeling is, everything in this world has a potential to be satanic if it is pursued without God. What is important is not to follow rules and regulations that we think the Bible lists out. Instead, we need to be in our spirit and follow our inner sense of life. We can be successful in complying with the teachings of the bible if and only if we receive the Holy Spirit, which displaces our fallen nature with God's life.

The stock market per se is not evil like money or gold or silver are not evil. It is the pursuit of anything, including wealth, without the life of God that could make anything evil. I am certain that Steve is in his spirit in his dedication to this website. This site simply aims to prepare and educate fellow Christians of the dangers and corruption in our society. Even if you don't want to short the market, you could benefit greatly from this site by knowing to allocate your money in assets necessary for survival. How many other websites even attempt to do that? CNBC? Fox News? No way.

Mars - Beware Wild Swings

|2010-09-01 13:48:22

....part of a free email update from Robert McHugh of TII:
Some history might put today's rally in perspective: In the autumn of 2008 through early 2009 stocks lost over 45 percent. At the end of August 2008 into mid-September 2008, very few people knew what was about to happen, and in fact the Bear Market gave several fake out powerful rally days to keep Bulls and Bears alike off balance. For example, on August 28th, 2008 the Industrials had a big up day, rising 253.95 points. A week later, on September 8th, the Industrials had a powerful rally, up 289.78 points. The mainstream media declared all was well with the world, buy buy buy! On September 11th, 2008, the Industrials had a strong up day, rising 164.79 points. But then two trading days later, on September 15th, the Industrials plunged 504.48 points. Three days later, on September 18th, the Industrials powered up, rising 410.03, and the next day the Industrials rose another 368.75 points, a 778.78 catapult two day rally, and the mainstream financial media declared the 15th's decline a fluke. A week later, on September 29th, the Industrials plunged 777.68 points in one day. By September 29th, the Industrials found themselves down 1,390.98 points versus their level a month earlier on August 29th. All the powerful rally days sprinkled throughout September could not stop a 12 percent net decline in September. Of course things rapidly got worse and by the end of October, stocks were down 30 percent, then continued to plun...

Mars - cont.

|2010-09-01 13:52:14

.... plunge, losing another 15 percent through March 2009.

The point is, as stocks prepare to crash, there are several huge rally days that typically occur. This same phenomenon occurred in 1987 as well. We had Hindenburg Omens on the clock in 1987, 2008 and again now.

Ron Rebner

|2010-09-01 13:55:22

Good reminder. You can and will get spectacular rallies in bear markets.

SteveM

|2010-09-01 13:57:07

Thanks for all your kind posts and prayers. I need some down time and less stress. I have been going 1000 mpg since early 1997 and now it has caught up with me. Many days during this economic meltdown, I spent as many as 18hrs in front of my trading screen. Now my body has told me no more. So I will attempt to follow Dr's orders and try to get things under control. The crazy thing is I heard 2 sermons this week talking about that very thing. Someone is telling me something.

SteveM

|2010-09-01 14:05:28

In response to Ron B. It is not a sin to be in the stock market anymore than it is a sin to run a more successful business than somebody else. That is a win/lose relationship as well. We are not to build treasures on earth. This is true whether we have a successful business or a successful trade. We as Christians are supposed to tithe or share the wealth. This allows us to keep the focus on the blessings coming from God rather than taking credit for ourselves. The whole business world is the world system. We are not to fall into it. We are in a cleansing period because of all our past financial sins so if I can help people prepare so they can share, that is my goal.

Shin	\|2010-09-01 14:23:30

Thank you Steve!

I will continuously keep you in my prayers. You surely help me to see the truth about this world. I appreciate you for that.

JBlogos - na

|2010-09-01 15:35:03

Amen also, Steve. I take issue with reference to the Babylon reference in the original quote, which seems out of context for this question. We are not talking about the system set up by the anti-Christ. I Corinthians 7: But this I say, brethren, the time has been shortened, so that from now on those who have wives should be as though they had none; and those who weep, as though they did not weep; and those who rejoice, as though they did not rejoice; and those who buy, as though they did not possess; and those who use the world, as though they did not make full use of it; for the form of this world is passing away.

We can use this world, just not to be entangled in it, especially regarding out heart, which is the challenge for me, to set my mind on the things above. A great challenge.

I will pray for your time of rest that it will be refreshing. Take care.

IQL - re: Should Christians be in the Stock market

|2010-09-01 14:12:21

SteveM wrote:

Amen Steve.

IQL - re:

|2010-09-01 14:24:16

Ron Rebner wrote:

Good reminder. You can and will get spectacular rallies in bear markets.

I remember Bob Prechter saying that we will have many many rallies until some time close to the 2011 timeframe when everyone finally capitulates.

Short and Poor! - Jim Rickards and Prophecy

|2010-09-01 16:06:53

Steve,

Once again, thanks for your level-headed observations in the messed up market.

As an FYI, I understand that Jim Rickards is participating in a prophecy-based conference in a couple of weeks, hosted by Calvary Chapel in Costa Mesa, CA. He is a really sharp guy, so I thought you would be interested to know that he is helping to give some larger context to what's going on in the world.

SteveM

|2010-09-01 16:09:24

Thanks! I will look for information coming out from that.

Ron - Reply to Steve

|2010-09-01 17:00:11

Steve my thoughts and prayers are with you and your family. I hope you will back to 100% in no time. I would like to first say that I didn't mean people to think that playing the stock market is a sin. That is not what I believe. A satanic and worldly thing yes as a system. I also believe that our government right now is the same. I am in no way saying that Christians should not be prepared for what is coming down the road. These are the end times. But as you know the heavy task of trying to make sense of a senseless market can be very taxing on a person. And the taxing part of it is because it's a fraud. Not the Market of our Dad and Grandfathers traded in. So much smoke and mirrors to try to see through. I pray that everyone remebers to not get caught up in the evil sytem hoping and praying that the markets crash for "our" gain. That is not the same as having a business of your own and being the best that you can be. I see that as two different things. Maybe I'm wrong. Again Steve I pray you get to feeling better soon. Blessing in the Lord.
Ron

SteveM

|2010-09-01 17:44:08

Thanks and God bless you. I knew what you meant. I was just expanding on your point. The secular world is an evil place and that is where we are to avoid the trap by worshiping money and idols.

NV - Idols: book recommendation

|2010-09-01 18:43:24

Counterfeit Gods - the Empty Promises of Money, Sex and Power and the Only hope that Matters by Timothy Keller .

Little book chockfull of truths. Tim is a best selling secular and Christian author and pastor of a NYC church leading seekers and skeptics toward belief in God. Currently #1 in Christian best seller list not sure about the other.

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