Given this perfect storm, the market is set up for a 1929 style crash. To understand why, read my June 27, 2016; article entitled, “Perfect Storm Now Brewing Could Soon Cause 1929-Style Crash”. This article was written after the Brexit Crash which the NIRP Crash Indicator* predicted.
To protect your portfolio or to profit from a potential crash, I suggest that you wait until 3:30PM to purchase shares of the Direxion Daily S&P 500 Bear 3X ETF (symbol: SPXS). The reason why I recommend that you wait is because the market could make a comeback. If the Dow is down by at least 200 points at 3:30PM, the odds of it making a comeback would be low.
If you purchase these shares, I highly recommend that you become a subscriber to Bull & Bear Tracker to maximize your profit. When the signal turns GREEN, you can take profits. You can then make a profit from the market going back up by purchasing the SPXL. The Bull & Bear Tracker is a good indicator for trading volatile markets.
According to my math the S&P 500 will decline by at least 60% from the current bull market’s peak to the new bear market’s trough. I am also predicting that it will be 2030 before the S&P 500 is able to eclipse the high- water mark for the bull market which began in 2009.
To understand my math and also the bear market and recession investing strategies that I am recommending from now through 2030, watch my recently taped two-part interview about the “Day of Reckoning Approaching for the market” which will air on the Fox Business Channel during the second half of October. A private and pre-screening of my interview is exclusively available to alert subscribers. Click here to subscribe to BullsNBears.com free alerts.
Below are my most recent must-read articles which pertain to the market being at high risk for a significant correction or a crash:
- Significant Correction and Bear Market Predicted by Q1 by Respected Institutional Analyst, October 6, 2018
- Perfect Storm Brewing for Possible Market Crash Next Week, October 5, 2018
- Market Vulnerable due to Buyback Blackout; Bull & Bea Tracker signal now Red , October 4, 2018
- Nobel Laureate Shiller says Current Market is Eerily similar to late 1920s, October 4, 2018
- Frenzied Market Blow Off Underway, October 3, 2018