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
Market Update - Thursday 04/20/17 4:00 PM EDT
Market Update - Wednesday 04/19/17 4:00 PM EDT
Market Update - Tuesday 04/18/17 4:00 PM EDT
Market Update - Monday 04/17/17 4:00 PM EDT
Market Update - Thursday 04/13/17 4:00 PM EDT
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.
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,
markets move fast and are intensely emotional;
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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