Wednesday , 21 October 2020


Stock Indices

Don’t Fall In Love With This Stock Market Rally – S&P 500 Could Fall Another 40%! Here’s Why

Don’t fall in love with this stock market rally. With most major averages having achieved sub-20% declines in recent weeks, stocks are likely in the early stages of a bear market. Although stocks could go marginally higher in the short-term, they ultimately will likely continue to slip sideways and slide downwards to a bottom somewhere around the 1,500-1,800 level on the S&P 500,

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Dark Clouds Are Looming Over U.S. Financial Markets BUT Even the Darkest of Clouds Have Silver Linings

There is no question a dark cloud is looming over U.S. financial markets and that cloud just got a little darker over the past two days as key support levels in all of the crucial equity indices were violated. This sends a loud and clear signal to pay attention. Even the darkest of clouds has a silver lining, though, so my goal here is to highlight some contrarian points of view on an otherwise gloomy market perspective.

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Yes, Another 50% Correction Is Possible! Here’s Why

It is the overall TREND of the market which determines a bull or bear market and, currently, that trend is still rising. Such will not always be the case, however, and we may now be in the process of a trend change. I am not talking about a 20% correction type bear market. I am talking about a devastating, blood-letting, retirement crushing, "I am never investing again," type decline of 40%, 50%, or more. Here's why.

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Celebrate “Dow 20,000″ Because We’ll See “Dow 10,000″ Again Before We See “Dow 30,000″! (+3K Views)

The Dow Jones Industrial Average provides us with some pretty strong evidence that our “stock market boom” has been fueled by debt. On Wednesday, the Dow crossed the 20,000 mark for the first time ever, and this comes at a time when the U.S. national debt is right on the verge of hitting 20 trillion dollars. Is this just a coincidence? As you will see, there has been a very close correlation between the national debt and the Dow Jones Industrial Average for a very long time.

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The GDXJ Index Has Not Bottomed Yet – Here’s Why

All reliable bottoms start with a reclamation of the 200-day moving average and the GDXJ currently shows absolutely no indication of a bottom yet. If it doesn't look like a bottom and doesn't smell like a bottom, it's probably not a bottom...

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