Today January 30, 2017 most likely marks the start of what is going to be the biggest bear market in history on a percent decline basis. Eclipsing even the year 1929 when the stock market lost 90 percent over 3 years. What is behind the coming of this bear market ? First and foremost it's the endless printing of money to power the US economy. It's raging out of control and has been for over 20 years. Former President Reagan in 1980 thought the biggest problem for the US economy was the 1 trillion dollar deficit. Well today it sits at over 20 trillion and President Trumps policy could add over 9 trillion more over the next ten years. It's not President Trump that caused the stock market bubble but he will be the likely scapegoat. As of 1 pm today the Dow is down 180 points at 19,912. Look for in the next few days the Dow to break 19,000 on its way to giving back all the post Trump presidential win on November 8. But this is just the beginning. As I have been saying for weeks the stock market is going back to the March 2009 lows when the S & P 500 was 666. Today the S & P 500 is down 22 points at 2,272. Very few people are paying attention to my warnings about the coming crash on. When they look back in the coming months and years they will wish they did sell all stocks, go short, and buy put options on the S & P 500 the crash is upon us.
History will repeat itself. 2017 will be forever remembered in history as the year of the crash. The printing press of the Federal Reserve has created a false bull market all these years the day of reckoning is upon us.
This is what one trillion dollars looks like. The US deficit is over 20 times this and growing. The fed printing machine has printed us right into a coming economic depression.
The record high was created under false pretenses in the biggest Ponzi scheme of all time orchestrated by the fed nonstop printing of money. The end is near economic collapse is imminent.
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Dow down 150 today
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