This current correction began quietly on July 8th but didn’t really accelerate until ten days ago and escalating worries about the U.S. economy and Europe seem to be forefront.
Experts say that we are living in the 2nd worst financial depression soon after the 1929 stock industry crash.
But it looks like we haven’t learnt from the past.
The stock industry managers are receiving hefty bonuses for their overall performance. Their corporation might have done better, but the over-inflated costs of stocks are induced by their speculation in the 1st spot.Finally there's the forecast in The Short Term Update: Earlier this week we alerted subscribers to action in the S&P 500 and Dow Industrials which broke below critical price levels. Perhaps you've heard some of the chatter on news and financial websites in the past 48 hours about a "head and shoulders" pattern. Yet Short Term Update subscribers got THAT news two weeks ago, back on July 20 -- along with a specific price level that would confirm the forecast.In the worst single-day selloff since December 2008, the Dow closed down 512.53 — a 4.31 percent drop. The Nasdaq was down 136.68, or 5.08 percent. The Standard & Poors 500 dropped 60.24, or 4.79 percent.On Tues before a hebdomad a drum of crude oil, Westerly Texas multinational accord, oversubscribed for righteous over $100 on the New York futures industry. The Nasdaq Composite index at around 2,850 , the Dow Engineer Industrials Ordinary stood at around 12,750 – both very snuggled to the highest levels in the longish and powerful gather, 2008-09 was followed by the disintegrate in the gillyflower marketplace.Just having that expectation is the first step in dealing with market declines like we saw
Here's the reality–the time to prepare for a stock market crash is before it happens. As investors, we should expect to see market corrections periodically.
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