Partys Almost Over: This Market Is Looking Like 2006-2008 With A 100% Chance of A Global Recession, Were Entering A Correction Time Where There Will Be Some Disappointments, Where Stock Markets Can easily Drop 20%, And Things Dont Get Better Anytime Soon

While the markets will continue to fret over Europe’s sovereign destiny and the US Presidential elections, the US profit cycle appears to be finally turning. Last quarter, the slew of earnings downgrades ahead of the results season was so well flagged that markets rose during the announcements. This time round, the deterioration in aggregate profits will be much more transparent.

Darby goes on to compare the current stock market environment to that directly preceding the financial crisis in 2008, saying that there are some “subtle similarities” between the two:

Ironically, there are some subtle similarities of the recent equity rise to the 2006-08 stock rally. At that time, the global economy was booming, but conditions within the US housing market were deteriorating with physical prices falling and spreads on subprime widening. It took nearly a year for the infection from the housing market to spread to the real economy through a widening of interbank and corporate bond spreads.

Continued below.

You Will See Terrorists Attacks In America: Iranian CIA Agent

Riots Spreading All Over Europe: Deepening Austerity Is Likely To Trigger Massive Civil Unrest And Even Revolution

This Scandal Could Dwarf ‘Fast And Furious’

Israeli Mossad Snipers Killing U.S. Troops In Iraq (Creating Chaos): U.S. Marine Throws Medals To The Floor!

NASA Team To Fly To Space To ‘Save’ Earth From Asteroid

Third Reich – Operation UFO

The 2012 Collective Shift & The Secret History Of End-Times Prophecies

This Reporter has (NAILED IT) This should go VIRAL!!

UFO Crash In Ukraine? September 27, 2012

Today, the housing market is improving, but the global economy is slowing. However, credit spreads have tightened as the Federal Reserve’s QE policies have forced institutions and investors to acquire yield. Hence, a turning point for equity investors under the current monetary conditions is likely to occur when revisions to corporate ratings swings sharply negative.

**A ‘Frightening Pattern’ Indicate That We Are Heading To A Massive Economic Catastrophe Unlike Anything Ever Seen And Countdown Clock Is Quickly Approaching Zero