Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Stock Market Meltdown: We Are In The Middle Of The Second Dot-Com Bubble! - Epic Economist Must Video

% of readers think this story is Fact. Add your two cents.


***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! Click Here For More Information & To Order!***

EXPERIENCE OXYGENATION AT THE CELLULAR LEVELClick Here

The stock market crash has only just begun, and several indicators are signaling that the downfall is about to get a whole lot worse. After years of inflating, it’s getting clear now that the “everything bubble” has finally burst. Over the past few weeks, the stock market went from free and easy to a chaotic mess. Bubbly stocks haven’t experienced such acute levels of destruction since the turn of the century, but the truth is that this stunning meltdown shouldn’t come as a surprise for anyone. Wall Street always knew the day of reckoning would come. Market veterans, financial experts, and economists have warned about it incessantly for years. And even though no one could tell for sure when the crash would arrive, everybody could feel that the correction would be brutal. What we’ve seen so far is just the tip of the iceberg. A massive sell-off is underway, and in today’s video, we’re going to break down the factors that have been adding to investors’ panic, resulting in breathtaking losses, and marking the end of a historic bullish run. 

Over the last few weeks, following the financial markets has felt like watching a horror movie. Fear is the predominant feeling, blood is everywhere, flames are eating up everything on their way, and crowds are running and screaming for the exits. The bull run of the past two years has given us quite non-sensical bubbly assets, such as meme stocks, celebrity cryptos, $2 million monkey pictures, some out-of-reality tech valuations, and a lot more as retail investing became mainstream. Despite the Friday flash rally, everybody’s portfolio is getting massacred. Now, the broader stock market bubble has popped while Bitcoin and other cryptocurrencies are facing a devastating free-fall. As the era of meme stocks ends, the era of crash memes begins.

Last week, the S&P 500 went down 18% from its January 3 peak, while the Nasdaq tech index has dropped by almost 30% for the year, and the Dow Jones has recorded consecutive losses for seven weeks, the longest losing streak since 1980, according to Reuters data. Many individual stocks have cratered too, with Netflix and Peloton both down about 70%.

Then, there’s the crypto market. Since last fall, Bitcoin’s price has dropped by more than 50%. Last week’s losses have continued to feed a remarkable sell-off cycle that has already wiped out billions in market value. After almost a year of threatening to raise interest rates, the central bank finally did it. Top market veterans are now warning that Wall Street is heading into a summer from hell, and this period of extreme volatility and uncertainty will bring a near-biblical reckoning to the market.

“I think the bear market is just beginning, and I think it gets much worse through the second and third quarters of this year,” Michael Pento said. According to his estimates, indexes could drop an additional 30 to 50% by the end of the year. Pento’s views illustrate the growing bearish sentiment on Wall Street, and some strategists at major banks are also sounding the alarm about stocks.

Bank of America analysts led by Michael Hartnett said in a note to investors obtained by Bloomberg on Friday that the worst may still be yet to come for stocks. Those dire figures have led Morgan Stanley’s Chief US Equity Strategist Mike Wilson to release a note last Monday warning that the bear market in stocks is “far from completed,” citing the impact of inflation on corporate earnings and slowing growth ahead. At the beginning of the month, Deutsche Bank economists made a similar call. A punishing combination of still hot inflation, hiked interest rates, a conflict between Russia and Ukraine, lockdowns in China, unprofitable companies facing reality, and recession fears are making it more than clear that this isn’t just a short-term correction — it’s a pivotal shift for markets. Billions of dollars have just evaporated, and billions more are probably about to disappear as the chaos intensifies.

For more info, find us on: https://www.epiceconomist.com/Show less

***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! Click Here For More Information & To Order!***

EXPERIENCE OXYGENATION AT THE CELLULAR LEVELClick Here



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen! 
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 2 comments
    • BalanceBlind

      What should we invest in then? Is it better to keep your money in gold or something? I’m so confused. I thought about getting into investing, but now I have no idea what to do.

    • samibaceri

      Well, I can tell you that it’s possible to lose money if you’re investing in stocks, fiat currency, or crypto one, but it doesn’t mean that you shouldn’t do that. You can reduce the risk of you losing your money when you understand the value at risk methodologies and know how to analyze the market, so in general, you can just choose the digital asset that works the best for you.

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.