Severe fall in the market expected.
This is the OCTOBER SURPRISE
This is kind of important. A warning like this on top of the Deutche Bank mess is ominous. Especially with Obama and Kerry poking sticks in the Russian beehive.
HSBC’s technical-analysis team has thrown up the ultimate warning signal.
In a note to clients released Wednesday, Murray Gunn, the head of technical analysis for HSBC, said he had become on “RED ALERT” for an imminent sell-off in stocks given the price action over the past few weeks.
Gunn uses a type of technical analysis called the Elliott Wave Principle, which tracks alternating patterns in the stock market to discern investors’ behavior and possible next moves.
In late September, Gunn said the stock market’s moves looked eerily similar to those just before the 1987 stock market crash. Citi’s Tom Fitzpatrick also highlighted the market’s similarities to the 1987 crash just a few days ago. On September 30, Gunn said stocks were under an “orange alert,” as they looked to him as if they had topped out.
And now, given the 200-point decline for the Dow on Tuesday, Gunn thinks the drop is here.
SEC: Deutsche Bank Failed to Properly Safeguard Research Information
Washington D.C., Oct. 12, 2016 —
The Securities and Exchange Commission today announced that Deutsche Bank Securities has agreed to pay a $9.5 million penalty for failing to properly safeguard material nonpublic information generated by its research analysts. Deutsche Bank also published an improper research report and failed to properly preserve and provide certain electronic records sought by the SEC during its investigation.
The unavoidable US crash they know … is coming!
If Hillary wins – then the working class says “Forget it” and decide working to support all the leaches doesn’t make sense anymore.
If Trump wins – then the globalists declare an economic hit on the US economy to keep the rest of the nations in line regarding political upstarts.
Either way – the US economy is screwed.
I have noticed a huge increase of high-end homes and commercial real estate coming on the market. Those in the know are moving their money somewhere ??
I wish I had friends and family in Wall Street or the Fed, that is the downside of me being a white Caucasian – no inside scoop on the financial world.
Central Banks ‘Have Never Been on Thinner Ice’
The global financial elite has soured on global central bank policy, believing that it’s now counterproductive, doing more harm than good.
Far From Stepping Back, Top Central Banks Are Set to Double Down
Central banks’ repeated warnings that there are limits to what they can do to bolster the sputtering world economy could suggest they are about to pull back and pass the baton to governments.
Bank of America has a recession warning that’s downright ‘scary’
The most unsettling thing is that this recession risk isn’t discounted into the market at these levels
Gigantic Debt Is a Threat to the Global Economy
The true threat to the world’s economy — and to your own wealth — is the pile of global private debt that’s unconnected to tangible goods and services.
A World On The Edge Of The Abyss – King World News
With so many people worried about the chaos engulfing the globe, here is a look at a world on the edge of the abyss.