Market eve of Shamitah

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fishtaco

Active Member
Silver Stacker
Will markets in NY drop? 9/11 anniversary today and all that!

Or should we wait til Monday.
 
Nothing will happen. Again.

Had a good laugh provoking the Mike Maloney Facebookers. Such easy bait:D
 
Clearly not a man who has invested in stocks..What will those say if the markets do capitulate within the dates 13-18th September ? It has already taken a hammering in the last month.. It may be interesting week...Cheers
 
fishtaco said:
Will markets in NY drop? 9/11 anniversary today and all that!

Or should we wait til Monday.
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It's not on our Monday. It will be on our Tuesday. The US Fed met up on the 16th. It may be a interesting week. Really those who have super should have already locked it into cash rates. The markets will be heading in for some major turmoil in coming months. Cheers
 
So is the smitah the start or the end of it? DO we expect a low on that day... or it to start heading down that day???
 
My understanding is that the Shemitah is a 'year of jubilee' and I time when debt is eliminated, (or in other words, 'wealth is transferred'). So I'd expect dates are a pretty much imprecise way to measure in terms of 'start' or 'end'.

But if the past is anything to go by then the stockmarket will start it's downslope soonish, the rest of the contingencies will follow, a new Reserve currency will arrive, perhaps a war or two, and then there'll be another 40 or 50 years of rebuilding, most likely in some other part of the world to that shown already as 'the centres'.

It's also a 'jewish' thing I think. Even though we all look for patterns, this one could be very coincidental to the happy clappy reasons.

As soon as the Jews settled in the Holy Land, they began to count and observe seven-year cycles. Every cycle would culminate in a Sabbatical year, known as Shemittah,3 literally: "to release."

The year following the destruction of the second Holy Temple was the first year of a seven-year Sabbatical cycle. In the Jewish calendar, counting from Creation, this was the year 3829, 6869 CE on the secular calendar. By counting sevens from then, we see that the next Shemittah year will be the year 5775 after Creation, which runs from Sept. 25, 2014, through Sept. 13, 2015.

Shemittah has several dimensions. In the following paragraphs we will outline the basics of Shemittah observance. For more detailed information, please see our Loan Amnesty and Deserting the Farms sections.

At the end of seven years you will make a release. And this is the manner of the release: to release the hand of every creditor from what he lent his friend; he shall not exact from his friend or his brother, because the time of the release for the Lrd has arrived. (Deuteronomy 15:12)

The Shemittah year waives all outstanding debts between Jewish debtors and creditors.

[Nowadays, a halachic mechanism called pruzbul circumvents this loan amnesty. See Loan Amnesty for more information on the pruzbul.]

This aspect of Shemittah observance is known as shemittat kesafim, "release of money [debts]."

Take a Break from Farming

For six years you shall sow your field, and for six years you shall prune your vineyard, and gather in its produce. But in the seventh year, the land shall have a complete rest, a Sabbath to the Lrd; you shall not sow your field, you shall not prune your vineyard, nor shall you reap the aftergrowth of your harvest . . . And [the produce of] the Sabbath of the land shall be yours to eat for you, for your male and female servants, and for your hired worker and resident who live with you . . . (Leviticus 25:36)

During the Shemittah year, the residents of the Land of Israel must completely desist from cultivating their fields. They also relinquish personal ownership of their fields; whatever produce grows on its own is considered communal property, free for anyone to take.

This aspect of the Shemittah year is known as shemittat karka, "release of the land."

The nation collectively took a breather and focused on higher, more spiritual pursuits, the Shemittah year proved to be a difficult challenge for the people's collective trust in the Creator, the One who bequeathed them the land of milk and honey.

And if you should say, "What will we eat in the seventh year? We will not sow, and we will not gather in our produce!" (Leviticus 25:20)

Yet those who put their trust in Gd were richly rewarded:

I, [Gd,] will command My blessing for you in the sixth year, and it will yield produce for three years. And you will sow in the eighth year, while still eating from the old crops. Until the ninth year, until the arrival of its crop, you will eat the old crop! (Leviticus 25:2122)

As well as giving the people an opportunity to put their faith in G-d and see it fulfilled, the year-long abstention from farming also allowed them to collectively take a breather and focus on higher, more spiritual pursuitsas the people packed the synagogues and study halls.

Even today, when the vast majority of Jews are not involved in the farming industry, the lessons of Shemittah are very germane. During this holy year we are expected to concentrate more on our spiritual mission in life, and a little less on our material pursuits. More on why we are needed, less on what we need. More on faith in Gd, less on faith in our own talents and wiles.

http://www.chabad.org/library/article_cdo/aid/562077/jewish/What-Is-Shemittah.htm
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fishtaco said:
Will markets in NY drop? 9/11 anniversary today and all that!

Or should we wait til Monday.
Click to expand...

As someone said the beginning date is our Tuesday.

I do find it interesting that there has been so many crashes on or near the shmeita dates, whether you believe in them or not.
 
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