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Warning, Crash Dead Ahead! We Are Entering The Ending Phase Of Bull Market
MARK HULBERT: Bear market may begin
Will the bull market come to an end on Oct. 9?
Don’t laugh. It turns out that two of the most prominent market turning points of the last decade occurred on this very date.
The first was the beginning of the 2002-2007 bull market, which occurred on Oct. 9, 2002.
The Dow Jones Industrial Average (DJI:DJIA
) on that date hit an intra-day low of 7,282.39, and the S&P 500 index (SNC:SPX) sank to 775.80 — more or less half the levels these indexes would rise to in five years’ time.
The second of those major turning points came as that 2002-2007 bull markets was coming to an end. Believe it or not, its exact end was on — you guessed it — Oct. 9, 2007.
In the ensuing bear markets, the Dow and the S&P 500 would each lose more than half their values.
You might think that there are almost impossibly low odds that two trend changes this momentous would occur on the very same day of the year….
Continued below.
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Euro Is Destroyed, Dollar To Follow China Gold Backed Yuan Scare This Is It!!
Hyperinflation In 1 Year…NEW John Williams Interview Oct 2012
Gerald Celente ~ What In The World Is Going On?
Nikola Tesla Prediction For The Future Of The Human Race
Jimmy Carter Says Elections Corrupted
A must-see report from a top technical trader
Now, I’m not in the ‘end of the world’ camp. Far from it. But my friend and excellent technician Richard Ross put out a note Friday that brought up some interesting points. (Click Charts to Embiggen)
Ross thinks that a Euro breakdown here could, “Generate the most powerful ‘Global Sell Signal’ of our generation” (speaking of scaring the hell out of…
Imminent risk: Troika creditors can’t agree on Greece
Greece’s creditors are still at loggerheads over how to tackle the country’s debt crisis, with the International Monetary Fund threatening to stop its financing unless the euro zone accepts debt restructuring worth tens of billions of euros to bring the country’s debt to a sustainable level, people with direct knowledge of the matter said Tuesday.
Greece is again expected to be among the top issues discussed at the IMF annual fall meetings in Tokyo, as Athens is fast running out of cash and euro-zone governments fear the political fallout from writing off as much as 50 billion euros ($65 billion) …
Global Recession Risk Rises
IMF Sees Global Risk in China-Japan Spat
Global economic recovery weakening , says IMF
It added that the risk of further deterioration in the economic outlook was “considerable” and had increased.
