Stock markets across the world are starting to crack. Last night Europe was heavily in the red with drops in excess of 3% in some market exchanges. And, as soon as the bell rang this morning on the East Coast, U.S. stocks continued the global decline.
Though the Federal Reserve released a report today indicating that the U.S. economy was on pace to grow moderately, investors were having none of it. After topping 17,000 for all time highs just a few weeks ago, stocks have tumbled over 1,000 points through today.
Daniel Ameduri of Future Money Trends alerted subscribers several months ago to brace for a correction of at least 10% this fall, and perhaps even worse. That prediction, echoed by many contrarian financial analysts and economists, is now coming to pass.
This thing went up on air, decade low trading volume, no public participation, and unprecedented company buybacks.
The rally since 2009 was stunning considering the fundamentals.
The meltdown will be shocking.
Source: Future Money Trends
There is panic on Wall Street. And while very few people are talking about, it is very likely that what’s fueling the sell-off is a global panic surrounding the possibility of a widespread Ebola congtagion.
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2 comments:
On Obama's Inauguration Day the Dow Jones Industrial Average slumped by 332 points to 7,949.
since my own buying power which is today half of what it was . shouldn't the Dow be in the 7000's?
The Market has been used to turn our Debt into Derivative trades... in some huge ponzi scheme with lots of profit for those who direct things ..Indexes are a House of Cards
normal just before elections.
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