Is an historic stock market crash about to unfold on Wall Street?

After this incredible bull run over the last three months, we're just asking the question, not making a prediction.

Market Update - Friday 04/21/17 4:00 PM EDT
Following four volatile down-up-down-up trading days, US markets calmed down and ended a bit to the downside. The DJIA dropped 31 points (0.2%) and the slipped 6 points (0.1%).

Stay tuned!

Market Update - Thursday 04/20/17 4:00 PM EDT
For the fourth day in a row, the DJIA moved more than 100 points, this time to the upside. The DJIA jumped 174 points (0.9%) but the Nasdaq gained 53 points (0.9%).

Stay tuned!

Market Update - Wednesday 04/19/17 4:00 PM EDT
The up, down, up, down action continued as US stocks closed mixed today. The DJIA dropped 119 points (0.6%) but the Nasdaq gained 13 points (0.2%).

Stay tuned!

Market Update - Tuesday 04/18/17 4:00 PM EDT
Up, down, up, down... US stocks have gone a net nowhere over the last week. Following yesterday's big gains, stocks reversed today and closed lower. The DJIA dropped 114 points (0.6%) and the Nasdaq slipped 7 points (0.1%).

Stay tuned!

Market Update - Monday 04/17/17 4:00 PM EDT
US stocks more than recovered from Thursday's "bombing" in response to the so-called MOAB bomb, the Mother of All Bombs, unleashed on Afghanistan. The DJIA gained 183 points (0.9%) and the Nasdaq tanked 51 points (0.9%).

Stay tuned!

Market Update - Thursday 04/13/17 4:00 PM EDT
US stocks got "bombed" today, perhaps in response to US forces dropping the so-called MOAB bomb, the Mother of All Bombs, on Afghanistan. The DJIA dropped 139 points (0.7%) and the Nasdaq tanked 31 points (0.5%).

Note: US markets will be closed tomorrow in observance of Good Friday, but stay tuned next week!


Update Archive

 

So where do the markets go from here? We sure don't know. And anybody who claims to know exactly what's coming is lying to you.

The entire global financial system is in unprecedented, uncharted waters.

  • Global debt is much worse than it was in 2007.
     
  • Mega-trillions in derivatives trade like $1.00 dog-racing trifecta tickets.
     
  • Despite ten years of near-zero interest rates, the global economies are barely registering a pulse.
     
  • And on and on.

How bad are things? How unprecedented and uncharted?

Recently, several Central Banks entered the monetary Twilight Zone by cutting their benchmark interest rates to below zero. That's right, if you're a big bank, you can actually "make money" by borrowing money. When the loan comes due, you pay back less than the amount you borrowed. What a deal!

And the perverse flip side of negative interest rates is that when you deposit your hard-earned money in the bank, not only do you not earn any interest, the bank charges you a fee just for the privilege of making the deposit. You have less and less money in your account every day. What a rip-off!

All of this financial insanity can only be seen as a desperate last-resort attempt by Central Bankers to stimulate their economies by force-feeding them with "better than free money". (Free money that is conjured up out of thin air with a few mouse clicks, that is.)

About the best we can say for the markets ahead is "expect the unexpected."

But if there's one thing that all stock market analysts and forecasters agree upon, it's that "markets don't move in straight lines" (at least not for very long). Look at any chart of any stock, any commodity, anything that is traded on an open market and you just don't see long straight lines.

So if markets don't move in straight lines, how do they move? Again, look at any chart and it's obvious: markets move in zigs and zags. A more technical term for zigs and zags is waves. And there is no better way to analyze and interpret chart waves than with Elliott Wave analysis.

Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the largest independent financial analysis and market forecasting firm in the world. EWI's analysts cover every major market (stocks, currencies, bonds, energy, metals, commodities) worldwide, 24 hours a day.

The stock market waves have been warning of a major market meltdown for quite some time. Has that moment finally arrived?

As Bob Prechter warned, and as the market action during the 2008-2009 financial crisis proved,

"Bear markets move fast and are intensely emotional;
investors and traders who are prepared have greater
opportunities on the downside than on the upside."

We urge you to stay on top of the latest market action with commentary and reports from our friends at Elliott Wave International.


 

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