Stock Market Plunges Again – Global Stocks Down 5 Weeks In A Row – 8 Trillion Dollars In Wealth Wiped Out – 10.27.2018

  • It’s not over.  The worst October stock market crash since 2008 got even worse on Friday.  The Dow was down another 296 points, the S&P 500 briefly dipped into correction territory, and it was another bloodbath for tech stocks.  On Wednesday, I warned that there would be a bounce, and we saw that happen on Thursday.  But the bounce didn’t extend into Friday.  Instead, we witnessed another wave of panic selling, and that has many investors extremely concerned about what will happen next week.  Overall, global stocks have now fallen for five weeks in a row, and during that time more than 8 trillion dollars in global wealth has been wiped out.  That is the fastest plunge in global stock market wealth since the collapse of Lehman Brothers, and it is yet another confirmation that a major turning point has arrived.
    The wild swings up and down that we witnessed this week are very reminiscent of what we saw in 2008.
    Markets just don’t go down in a straight line.  In fact, some of the best days in all of Wall Street history happened right in the middle of the last financial crisis.

Read more at:Stock Market Plunges Again – Global Stocks Down 5 Weeks In A Row – 8 Trillion Dollars In Wealth Wiped Out

Source: theeconomiccollapseblog.com…

Johnstone: An Embarrassing End May Soon Be Near For Russia-Gaters – 10.22.2018

After more than two years of mania about Russia stealing the 2016 election for Trump and demonization of anyone who questioned it, an embarrassing end may soon be near for the Russia-gaters…
In a new article titled “Mueller report PSA: Prepare for disappointment“, Politico cites information provided by defense attorneys and “more than 15 former government officials with investigation experience spanning Watergate to the 2016 election case” to warn everyone who’s been lighting candles at their Saint Mueller altars that their hopes of Trump being removed from office are about to be dashed to the floor.
“While [Mueller is] under no deadline to complete his work, several sources tracking the investigation say the special counsel and his team appear eager to wrap up,” Politico reports.

Read more at:Johnstone: An Embarrassing End May Soon Be Near For Russia-Gaters

Source: caitlinjohnstone.com/…

The Market Isn’t The Economy: A Snapshot From The Depression – 10.17.2018

  • “We gathered on porches; the moon rose; we were poor.
  • And time went by, drawn by slow horses.
  • Somewhere beyond our windows shone the world.
  • The Great Depression had entered our souls like fog.” – Pantoum of the Great Depression – Donald Justice.
  • Wall Street insiders relish market troughs.
  • They bask sanguine in their confidence of history. Tenured pros are comforted in the belief that monetary and fiscal stimulus triggers are cocked and at the ready, reinforced in the knowledge that taxpayers without choice in the matter, will again, be the bail-out solution.
  • In a last irony to turn the blade in the back slowly, this group confidently takes credit for saving a system they helped to bust in the first place.
  • They are the strong hands who patiently await to scoop up shares when markets falter. As the smart money, these players unload inflated shares to the ‘dumb’ money or retail investors at “FOMO” or fear-of-missing-out emotional peaks.

Read more at:The Market Isn’t The Economy: A Snapshot From The Depression

Source: realinvestmentadvice.com…

Explosive Report Details Chinese Infiltration Of Apple, Amazon And The CIA – 10.04.2018

One week ago, President Trump stood up at a meeting of the United Nations Security Council and accused China of attempting to tamper with US elections – mimicking some of the same allegations that had first been levied against Russia nearly two years prior. In his speech, Trump claimed that China was working to undermine Republicans, and even the president himself, warning that “it’s not just Russia, it’s China and Russia.” While the media largely shrugged off this proclamation as more presidential bombast probably inspired by the burgeoning US-China trade beef, the administration continued to insist that it was taking a harder line against Chinese efforts to subvert American companies to aide the Communist Party’s sprawling intelligence apparatus. As if to underline Trump’s point, the FBI had arrested a Taiwanese national in Chicago the day before Trump’s speech, accusing the 27-year-old suspect of trying to help China flip eight defense contractors who could have provided crucial intelligence on sensitive defense-related technology.

Read more at:Explosive Report Details Chinese Infiltration Of Apple, Amazon And The CIA

Source: zerohedge.com