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The stock market hasn’t started a quarter this badly in about a decade, and if stock prices continue to plummet it could set off a wave of panic selling unlike anything that we have seen in a very long time. Of course it wouldn’t be the first time that we have seen a major stock market crash during the month of October. If I mention “October 1929”, you immediately know what I am referring to, and the same thing is true for October 1987 and October 2008. Today, we are facing a global economic slowdown, an impeachment crisis in Washington and a rapidly escalating trade war simultaneously, and it seems like almost everyone on Wall Street is suddenly talking about “the coming recession”. In such an environment, any piece of bad news is going to push stocks lower, and that is certainly what happened on Wednesday…
Wall Street is starting to figure out that these horrible economic numbers are not going away, and investors are starting to get very nervous.
Many of them are still having a hard time believing that the bull market is completely dead, but at this point it definitely is not going to take much to set off an epic rush for the exits.
Whether it happens this month or not, everyone knows how this ridiculous stock market bubble will end.
Throughout U.S. history, whenever stock valuations have been stretched to such an extreme, a stock market crash has always followed.
This time around, it isn’t just an economic crisis that we are facing, and the drama in Washington is going to have a major impact on stock prices in the months ahead.
For more economic collapse news visit our websites: www.theeconomiccollapseblog.com and www.epiceconomist.com
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