Personally, I'm not willing to state an opinion on this. Just putting it out there for those who are far more market savvy than me to provide a little FRiendly analysis.
Sounds like a guy who has shorted the market and wants to make his predictions come true.
The economy hasn’t grown an inch and has not created any NET new jobs in about eight years. So, of course the market will crash. It amazes me that there was ever a bull market. We’re still in a deep depression - which has only been getting worse - and only fake government numbers have kept this from becoming common knowledge.
He tries to time the financial markets to the exact day, if his charts align just right
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Its not about the market technical really. Its all about the Fed. It IS the market now.
>> Personally, I’m not willing to state an opinion on this.
Aw, c’mon... no balls.
Very well, I’ll state *my* opinion on this: I have no idea whether his timing is right, or not.
See... that wasn’t so hard, was it? :-)
The late (I think he's passed?) Robert Drach was a market timer that the late Paul Kangas used to have on NBR a few times a year. He had this growly little voice and was always interesting to listen to, but the only time he was right on a stock, that I remember, was Old Kent Bank as a takeover candidate (and it was taken over, now part of the hideously stupidly named 5th 3rd). Market timing is a medicine show act.
Clickbait. What financial forecaster would stay in business if he didn’t predict the Apocalypse?
Most market/economic indices are down or choppy at best.
China’s economy is screeching to a halt, exports slowing considerably.
Commodities heading downward, Russian economy in horrible condition. Canada announced recession.
Bottom line, I don’t believe diddly squat coming out of our gubbamint. We are constantly lied to/deceived into the notion all is rosy and the economy is growing.
I watch the economic calander daily. There is an endicy or two now and again that looks positive, but most pointing to regional factory activity, durable goods, GDP really look pretty bad.
These articles are not recent, but did forecast trends relevant to current headlines. This is the background and in-general prediction based on an economics theory opposed by those currently at the controls.
http://www.globalresearch.ca/nikolai-kondratiev-s-long-wave-the-mirror-of-the-global-economic-crisis/11161
http://www.financialsense.com/contributors/christopher-quigley/kondratieff-waves-and-the-greater-depression-of-2013-2020
http://www.financialsense.com/contributors/christopher-quigley/kondratieff-waves-greater-depression-update
Dow 13000. A little bird told me. DOG