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Are You Ready ForThe Economic Collapse?: Financial Expert Predicts Stock Market Crash In November
When an individual is right over and over and over, sooner or later people begin paying attention. In my opinion, I have figured out how to tune out the “forecasts” of most “economic experts” out there.
As a legal practitioner, I was taught to be cautious, and I have discovered that most forecasts about what the financial markets are going to do are not seriously worth the pieces of paper they are printed on.
Nevertheless, occasionally something comes along that truly gets my interest. Over the past few days, I have observed a number of sources to the impressive forecasts of Bo Polny of Gold 2020 Forecast.
In recent months he has accurately forecasted that U.S. stocks would begin to drop in July, that there would be a huge drop in August and that that the month of September would be fairly uneventful.
Now he’s announcing that he expects “November to be a complete meltdown on the U.S. and world markets”. Just because he has been correct previously does not ensure that he will be correct this time around, but most folks (like me) are beginning to give consideration.
So how does Polny come to his results? Well, he utilizes something that most of us loathed when we were in school – mathematics. This comes from the Daily Sheeple…
Cyclical analyst Bo Polny of Gold 2020 Forecast utilizes advanced mathematical formulas and years of cyclical analysis to make forecasts about global stock markets. In late July he noted that U.S. stock markets had hit a top and that investors should prepare for a rapid down-move in the Dow Jones and other indexes. As we now know, that prediction has come to pass.
But while many on Wall Street panicked, Polny noted that the crash was not yet imminent and that the month of September would be relatively calm, with no major moves up or down forecast to occur. Once again, his analysis proved accurate.
I want to stress that I never know if he will be correct this time around. When attempting to forecast the future of the markets, there are thousands of switching parts, and many of them simply cannot be accounted for without difficulty. But unquestionably the markets are beautifully set up for a major crash, so it would not astonish me in the least if he did turn out to be correct.
And as I pointed out above, Polny does have a sound history of accuracy…
Bo’s design seems to have an amazing reputation of precise predictions, which includes the below:
Price of gold reaching $1900 in 2011
China’s stock market peak in April 2015
Hong Kong market peak on April 29 2015
U.S. stock market drop beginning in July 2015
Sharp drop in the stop market in August 2015
U.S. stock market uneventful in September 2015
If Polny is correct once more this time, next month will be the most important month for global financial markets since the crash of 2008. Here is a tad bit more from Z3News…
“Now we are expecting the next leg down on the U.S. and world markets on the dollar. What we are forecasting now is the lows of August are all going to break. They could break in the month of October yet, but we believe they will break no problem into November. We expect November to be a complete meltdown on the U.S. and world markets.”
He additionally published these kinds of words on his web page:
“If you thought the crash of August 2015 was bad; November 2015 is expected to usher in the START of the US Stock, Dollar, and Treasuries Market MELTDOWN!!!”
“The end of this year ushers in the start of an Economic Meltdown that is to last years! The U.S. Dollar, Treasuries, and Stock Market bomb is set to blow in November 2015!”
Polny is predicting that stocks could inevitably fall by as much as much as 70 % by the time it is all said and done. You can check out a full interview where he talks about these issues right here.
On the other hand, early indications of the kind of trouble that Polny is forewarning about proceed to appear.
On Wednesday, the stock price of one of the biggest pharmaceutical companies in the world completely crashed after a article came out saying that it was in danger of enduring the same circumstances as Enron…
Hedge fund darling Valeant Pharmaceuticals is getting hammered after short-selling-firm Citron Research published a report comparing it to Enron.
The Canadian drug company’s stock was last down about 25% at around $110. It had fallen as low as $88.50.
The stock has been popular among hedge funds.
It ranked No. 10 on Goldman Sachs’ stocks that “matter most” to hedge funds list for the second quarter. According to Goldman, 32 funds had the stock as one of their top-10 stock holdings.
And immediately we discovered that construction machinery giant Caterpillar has currently reported global sales declines for 34 constant months. The next comes from Zero Hedge…
Most cats bounce at least once when they die, but not this one: after CAT posted its first annual drop in retail sales in December of 2012, it has failed to see a rise in retail sales even once.
In fact, since then Caterpillar has seen 34 consecutive months of declining global sales, and 11 consecutive months of double digit declines!
Those that assume that everything is going to be “just fine” now that we have gotten past September are going to be dead wrong.
No matter if it occurs in November or not, the kind of topsy-turvy financial collapse that Bo Polny is warning about will materialize.
And needless to say elements that he is unable to account for such as war, terror attacks and major natural disasters could drastically increase things.
Just as before, I don’t know if everything that Bo Polny is indicating is going to turn out to be 100% correct or not. I am just reporting what he is stating. But it is true that what he is forecasting matches very well with what I have been warning my readers about for months and months.
A day of reckoning is certainly coming for global financial markets.
Will it occur in November?
Stay tuned…
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Source: http://fusionlacedillusions.com/2015/10/22/are-you-ready-forthe-economic-collapse-financial-expert-predicts-stock-market-crash-in-november/
