Morton forecasts the Dow reaching 11,000 by July 2004 before a late-summer correction, followed by a final market surge to between 14,500 and 16,000 by fall 2005, after which he predicts an economic collapse and civil unrest. Morton connects the Iraq invasion to long-term oil security strategy, arguing the U.S. positioned itself to control European energy supplies in anticipation of climate disruption.
Morton predicts the Carolina Panthers will win the Super Bowl 20 to 17 over New England, warns of a possible Mount Rainier eruption by late 2005, and discusses Bible Code research pointing toward a smallpox attack on Israel later in 2004.
Key Moments
Iraq, oil, and the Shiite handoff: Morton argues the U.S. invaded Iraq for the oil and won't actually leave after elections; he warns handing the country to Shiites would let them team up with Libya, Iran, and radical Saudi factions.
Dow to 14,500-16,000 then collapse in 2005: Morton lays out his market roadmap: Dow breaking 11,000 by July 2004, a brief drop in late summer, a final run to 14,500-16,000 through fall 2005, then a 'gigantic economic meltdown' and depression by September/October 2005.
Mount Rainier eruption forecast for late 2005: Morton predicts a swarm of quakes at Mount Baker in fall 2004 followed by deep low-6 quakes under Seattle, leading to an eruption of Mount Rainier by the end of 2005, threatening 25,000 people in lava-flow zones.
Smallpox attack on Israel, 14,000+ dead: Morton predicts an economic collapse triggering U.S. riots and a backlash against Muslims, then says a smallpox attack on Israel later in 2004 will kill more than 14,000 people.
Bible Code: Pentagon, Mossad, and 14,700: Morton says Bible Code researcher Michael Drosnin has met with the Pentagon, and that the Mossad and CIA are now using the code to look for terrorist clues - including a 2004 smallpox attack on Israel pegged at exactly 14,700 dead.