Is Stock Market Doom Ahead?

October 15, 2014, by Ken Jorgustin

stock-market-doom-ahead

Is this gargantuan financial bubble about to burst? Are we about to go over the cliff?
As of this post, the Dow Jones is down 1,000 points from it’s September high.
Is there stock market doom ahead?

Many are very uneasy about recent developments…


 
The bailouts, the pumping, the printing, the re-definitions, the manipulations – they have boosted the stock market to all time highs in a seemingly phony upside-down reality compared to what most people believe is really happening down on Main Street USA.

After achieving incredible gains which people have come to expect, the stock market has been taking major multi-hundred point losses lately.

The volatility index (VIX) is said to be in a super-spike with major fears among investors.

The IMF recently issued a statement warning of slowed growth, which says in effect, to get ready because this fake bubble and economy is about to go down.

Technical strategist Abigail Doolittle, founder of Peak Theories Research, has made headlines lately suggesting a market correction worse than anyone thinks is ahead. The long-term possibility, she has said, is a 60 percent collapse for the S&P 500 and is holding tight to her prediction of market doom ahead.

Forecasts of slowed growth (worldwide) may be the last straw for those who have been caught up in the euphoria of a seemingly never ending stock market climb – much of which was not really related to ‘real’ growth.

It doesn’t take a market technical strategist to see that this balloon won’t float much longer.

The wealthy are hoarding cash and sales of gold bars to wealthy customers are up 243 percent so far this year. What’s that tell you?

Economist John Williams is sticking by his assessment that the economy is in deep trouble. Williams says (in an interview with Greg Hunter), “What we are seeing is a very big fiction by the financial media and the political media that the economy has recovered. The economy has not recovered. . . . We are seeing all sorts of things that indicate the economy is not recovering and never has recovered, and it is turning down again.”

Best-selling author and financial expert James Rickards contends a big financial crash is locked in. Rickards says (to usawatchdog.com), “Everyone is waiting for some blunder down the road, and the point I try to make is the blunders have already been made. The blunders have already been built into the system. You can see this collapse coming a mile away. . . .

Michael Snyder says without a doubt we have been living through one of the greatest financial bubbles in U.S. history, and the markets are absolutely primed for a full-blown crash.

The price of oil is crashing. This also happened in 2008 just before the financial crisis erupted.

“There’s been a big acceleration of the sell-off in stocks, with a spike in risk aversion spreading across the board to bonds and the currency market,” Alexandre Baradez, chief market analyst at IG France.

It is impossible to predict markets.
But have we finally stretched this balloon to it’s limit – the instant before it goes boom?