Black Monday October 29 ? Weekly Preview 10/29/18
This Monday October 29,2018
is the 89th Anniversary
of the stock market crash of 1929,
when investors in the stock lost market
lost BILLIONS of Dollars in one single trading day.
What happened to cause the crash that day?
Sheer panic,as prices never stopped plummeting all day.
Those that were somehow in the know, had sold out earlier
liquidating their stock positions in the weeks proceeding the crash.
What followed after the crash was the Great Depression,
lasting years,and nearly bankrupting the economy of the United States.
Folklore is always fascinating to me,
because if there's one thing you can count on time and time again,
thru various boom or bust economic and social cycles,
is that history does find a way of repeating itself.
In 2018, the economy in the US is strong,
big business is reporting record earnings,interest rates are at historically low levels
just as the stock market was recently at historic highs, making all those investors feel that much better.
So a nirvana moment in history again, just like the roaring 1920's, when everything seemed to be coming up golden.
However, just in the last month, perception has changed,... and changed markedly.
Stocks have been marked down into a sharp correction mode, just after making all time highs, and
after big money once again, as they do time after time uncannily exited the market, before the chaos was about to hit.
What did they know..and when did they know it ?
What has changed so much in the last month ?
The answer is simple, in my beliefs.
The stock market was,and still is grossly overvalued by historic measures.
When greed is satisfied, the normal and logical thing to do,is to take the party elsewhere.
Which now leaves the rest of the common shareholders,
and the interested public at large with a big question this weekend .
Has the stock market fallen enough, to begin to re-enter the market ?
Ask yourself the same question this weekend, by looking deep into the human persona,
and look at your technically damaged stock charts as well
Monday Oct.29, 2018 will be upon us in a fortnight.
The only question remaining is...
Are you prepared...?
Have a good weekend,
THE_UNWIND
10/26/18 630 PM New York
is the 89th Anniversary
of the stock market crash of 1929,
when investors in the stock lost market
lost BILLIONS of Dollars in one single trading day.
What happened to cause the crash that day?
Sheer panic,as prices never stopped plummeting all day.
Those that were somehow in the know, had sold out earlier
liquidating their stock positions in the weeks proceeding the crash.
What followed after the crash was the Great Depression,
lasting years,and nearly bankrupting the economy of the United States.
Folklore is always fascinating to me,
because if there's one thing you can count on time and time again,
thru various boom or bust economic and social cycles,
is that history does find a way of repeating itself.
In 2018, the economy in the US is strong,
big business is reporting record earnings,interest rates are at historically low levels
just as the stock market was recently at historic highs, making all those investors feel that much better.
So a nirvana moment in history again, just like the roaring 1920's, when everything seemed to be coming up golden.
However, just in the last month, perception has changed,... and changed markedly.
Stocks have been marked down into a sharp correction mode, just after making all time highs, and
after big money once again, as they do time after time uncannily exited the market, before the chaos was about to hit.
What did they know..and when did they know it ?
What has changed so much in the last month ?
The answer is simple, in my beliefs.
The stock market was,and still is grossly overvalued by historic measures.
When greed is satisfied, the normal and logical thing to do,is to take the party elsewhere.
Which now leaves the rest of the common shareholders,
and the interested public at large with a big question this weekend .
Has the stock market fallen enough, to begin to re-enter the market ?
Ask yourself the same question this weekend, by looking deep into the human persona,
and look at your technically damaged stock charts as well
Monday Oct.29, 2018 will be upon us in a fortnight.
The only question remaining is...
Are you prepared...?
Have a good weekend,
THE_UNWIND
10/26/18 630 PM New York