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Me. i have no idea when it's coming. it could be a month from now. it could be five years from now. i don't know. but the piper is going to have to be paid. i said it about 5,000. now cnbc is saying gee, we might hit 5,000. a year later i warned about what else was headed our way. >> say that with knowledge of what is coming. and what is coming is a depression. if you let things fail, a depression is coming. >> glenn: why did i say that? notice the last sentence. "if you let things fail, a depression is coming." why did i say that? i was saying don't just say hey, we can't bail things out, we ...

The exits. "i'm taking it seriously, and i'm fully out of the market now. i probably would have stayed in until the beginning of september, depending on the indicators an how they varied. that was my basic plan, until the hindenberg came along." uh-oh, the humanity. cnn economic expert also warning now the floor is about to drop out on the stock market. financial expert charles nenner predicted the dow will drop to 5,000 in the next two-and-a-half years. here is what he said. >> if i project from the last low in february 2009, i get down to 5,000 with the next dow move. it shows pressure we co...

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