Market watchers are jittery. All indicators are portending a monumental
meltdown that could possibly begin in September or October. Here is an excerpt from The Economic Collapse:
What I am about to
share with you is quite stunning. A well-respected financial expert that
correctly predicted the last two stock market crashes is now warning that we
are right on the verge of the next one. John Hussman is a former professor
of economics and international finance at the University of Michigan, and the
information in his latest weekly market comment is
staggering. Since 1970, there have only been a handful of times when a
combination of market signals that Hussman uses have indicated that a major
market peak has been reached. In 1972, 2000 and 2007 each of those peaks
was followed by a dramatic stock market crash. Now, for the first time
since the last financial crisis, all four of those signals appeared once again
during the week of July 17th. If Hussman’s analysis is correct, this
could very well mean that the next great stock market crash in the United
States is imminent.
What could that
ultimately mean? Here is a disturbing
prediction:
The
answer to this could end up being worth at least $2.2 trillion, which is how
much money would essentially be wiped out of the stock market if we finally get
the much-discussed 10% correction in the overall market (the
total U.S. stock market capitalization was $22.5 trillion as of June 30,
according to the Center for Research in Security Prices).
Wow.
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