Point Wipeout Just The Beginning Of A Historic Financial Nightmare? – Michael Snyder

 

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The Stock Market Is Crashing! Is This 1,000 Point Wipeout Just The Beginning Of A Historic Financial Nightmare? – Michael Snyder

 May 9, 2022  Steve Martin  0 Comments America, dollars, FED, fertilizer, financial nightmare, inflation, markets, Michael Snyder, stock market, stock market crashEdit

Posted: 05 May 2022 02:26 PM PDT

Is this “the Big One”?  On Wednesday, I warned that the Federal Reserve had made a “colossal mistake” when it increased its benchmark interest rate by 50 basis points, and it looks like investors on Wall Street fully agree.  We just witnessed one of the largest single day stock market crashes in history, and of course this comes at a time when stock prices had already fallen quite dramatically.  Even before the carnage on Thursday, stocks were off to their worst start to a year in decades.  So will things settle down soon, or is this the beginning of a truly historic stock market collapse?

Millions of Americans better hope that it is the former, because trillions upon trillions of dollars in paper wealth is on the line.

I have always warned my readers that you only make money in the stock market if you get out in time.

It doesn’t matter if you were holding certain stocks when they soared to all-time record highs.  What is going to determine if you make a profit or not is when you choose to sell.

And markets tend to go down a whole lot faster than they go up.

On Thursday, the Dow was down more than 1,000 points, the S&P 500 plunged more than 3.5 percent, and the Nasdaq got absolutely crushed…

The Dow Jones Industrial Average lost 1,063 points, or 3.12%, to close at 32,997.97. The tech-heavy Nasdaq Composite fell 4.99% to finish at 12,317.69, its lowest closing level since November 2020. Both of those losses were the worst single-day drops since 2020.

The S&P 500 fell 3.56% to 4,146.87, marking its second worst day of the year.

The reason why the Nasdaq plummeted so dramatically was because tech stocks were in “free fall mode” once again…

Large tech stocks were under pressure, with Facebook-parent Meta Platforms and Amazon falling 6.8% and 7.6%, respectively. Microsoft dropped 4.4%. Salesforce tumbled 7.1%. Apple sank 5.6%.

If you think that those numbers are bad, just look at what happened to Etsy and eBay…

Etsy and eBay dropped 16.8% and 11.7%, respectively, after issuing weaker-than-expected revenue guidance. Shopify fell nearly 15% after missing estimates on the top and bottom lines.

The declines dragged Nasdaq to its worst day in nearly two years.

We have seen other bad days on Wall Street in recent years, but this definitely feels different.

I think that Kim Forrest has done a better job than anyone else of summarizing what we just witnessed…

“I expected some selloff, but the great puking that’s happening, I didn’t expect,” said Kim Forrest, founder and chief investment officer at Bokeh Capital Partners. “Is this capitulation? I remember what capitulation feels like — this kind of feels like capitulation, when everything, even the good names, are getting barfed out.”

I could not have said it better myself.

So precisely what was the trigger that prompted this rush for the exits?

Well, a lot of analysts are pointing to the Fed’s decision to raise interest rates on Wednesday.  Here is one example…

“It’s going to be incredibly difficult for the Fed to normalize interest rates without having a negative impact on growth and earnings,” said Paul Nolte, portfolio manager at Kingsview Investment Management. “So stock prices are too high if we’re going to see a flattening or a decline in earnings per share.”

Because there is so much leverage in the market right now, rapid declines could precipitate wave after wave of forced selling.

In fact, it appears that this is already happening to a certain degree.

Ultimately, it certainly won’t take too much to turn this “market slide” into a “market avalanche”.

Meanwhile, we continue to get more indications that the U.S. economy as a whole is really slowing down.  On Thursday, we learned that worker productivity declined “at its fastest pace in nearly 75 years” during the first quarter…

Worker productivity fell to start 2022 at its fastest pace in nearly 75 years while labor costs soared as the U.S. struggled with surging Covid cases, the Bureau of Labor Statistics reported Thursday.

Nonfarm productivity, a measure of output against hours worked, declined 7.5% from January through March, the biggest fall since the third quarter of 1947.

At the same time, we continue to get more bad news on the inflation front.

One of the largest meatpackers in the western hemisphere is warning that steaks and burgers will get even more expensive in the months ahead…

Beef will be getting even more expensive at U.S. grocery stores in the months ahead, according to one of the country’s biggest meatpackers.

National Beef Co., controlled by the Brazilian giant Marfrig Global Foods, sees relatively stable margins in the next two quarters, according to Tim Klein, who heads Marfrig’s U.S. operations. That means even though their costs to buy cattle are increasing, the company will ultimately be able to pass that on to consumers in the form of pricier steaks and burgers.

And the rapidly rising cost of fertilizer will inevitably make trips to the grocery store much more painful later this year…

A fertilizer shortage is putting the food supply at risk.

Fertilizer prices have tripled from where they were in 2021 and it’s forcing Mid-Michigan farmers to change how they grow their crops.

“You’re cutting off one hand to save the other,” said Seth Cords.

So many things are simultaneously going wrong, and the outlook for the second half of this year is exceedingly bleak.

But for a long time stock prices were able to defy economic reality.

Even though economic conditions were rapidly deteriorating all around us, investors just continued to party on as stock prices just kept going higher and higher.

Of course now everything has changed.

Trillions of dollars in paper wealth has already been wiped out, and trillions more will likely be wiped out in the days ahead.

But Wall Street doesn’t even realize that what we have been through so far is just a warm up act.

Much more difficult days are coming, and eventually we will see financial disaster on a scale that is absolutely unprecedented in our history.

Hopefully that time can be put off for as long as possible.

But the clock is ticking, and what happened on Thursday should be a major league wake up call for all of us.

***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on Amazon.com.  In addition to my new book I have written five other books that are available on Amazon.com including  “Lost Prophecies Of The Future Of America”, “The Beginning Of The End”, “Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and any way that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.

The post The Stock Market Is Crashing! Is This 1,000 Point Wipeout Just The Beginning Of A Historic Financial Nightmare? appeared first on The Economic Collapse.

Michael Snyder on The Jim Bakker Show: Could War War 3 Happen This Month?

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God's wake-up call to the USA before financial collapse hits. Get it?

God's wake-up call to the USA

before financial collapse hits.

Get it?

Michael Snyder - THE ECONOMIC COLLAPSE BLOG

"THE WHOLE WORLD GOT 
TO SEE AMERICA ON TRIAL. 

AMERICA GUILTY. 

DID WE REPENT?"

Michael Snyder

"No, after all those videos...
Americans continued to want to 
fund Planned Parenthood 
with hundreds of millions 
of dollars."

Michael Snyder

Photos Source: Michael Snyder - Brink of Financial Collapse - Jim Bakker Show

Bear Market: The Average U.S. Stock Already Down More Than 20 Percent - MICHAEL SNYDER CHARISMA NEWS

The rapid decline of the markets last week got the attention of the entire world, but of course this current financial crisis did not begin last week. (Reuters)

Bear Market: The Average U.S. Stock Already Down More Than 20 Percent

1/11/2016 MICHAEL SNYDER  charisma news

The stock market is in far worse shape than we are being told.

As you will see in this article, the average U.S. stock is already down more than 20 percent from the peak of the market. But of course the major indexes are not down nearly that much.

As the week begins, the S&P 500 is down 9.8 percent from its 2015 peak, the Dow Jones Industrial Average is down 10.7 percent from its 2015 peak, and the Nasdaq is down 11.0 percent from its 2015 peak. So if you only look at those indexes, you would think that we are only about halfway to bear market territory. Unfortunately, a few high flying stocks such as Facebook, Amazon, Netflix and Google have been masking a much deeper decline for the rest of the market.

When the market closed on Friday, 229 of the stocks on the S&P 500 were down at least 20 percent from their 52-week highs, and when you look at indexes that are even broader, things are even worse.

For example, let's take a look at the Standard & Poor's 1500 index. According to the Bespoke Investment Group, the average stock on that index is down a staggering 26.9 percent from the peak of the market:

Indeed, the Standard & Poor's 1500 index—a broad basket of large, mid and small company stocks—shows that the average stock's distance from its 52-week high is 26.9 percent, according to stats compiled by Bespoke Investment Group through Friday's close.

"That's bear market territory!" says Paul Hickey, co-founder of Bespoke Investment Group, the firm that provided USA TODAY with the gloomy price data.

So if the average stock has fallen 26.9 percent, what kind of market are we in?

To me, that is definitely bear market territory.

The rapid decline of the markets last week got the attention of the entire world, but of course this current financial crisis did not begin last week. These stocks have been falling since the middle part of last year. And what Bespoke Investment Group discovered is that small cap stocks have been hurt the most by this current downturn:

Here's a statistical damage assessment, provided by Bespoke Investment Group, of the pain being felt by the average U.S. stock in the S&P 1500 index:

* Large-company stocks in the S&P 500 index are down 22.6 percent, on average, from peaks hit in the past 12 months.

* Mid-sized stocks in the S&P 400 index are sporting an average decline of 26.5 percent since hitting 52-week highs.

* Small stocks in the S&P 600 index are the furthest distance away from their recent peaks. The average small-cap name is 30.7 percent below its high in the past year.

After looking at those numbers, is there anyone out there that still wants to try to claim that "nothing is happening"?

Over the past six months or so, the sector that has been hit the hardest has been energy. According to CNN, the average energy stock has now fallen 52 percent:

And then there's energy. The dramatic decline in crude oil prices rocked the energy space. The average energy stock is now down a whopping 52 percent from its 52-week high, according to Bespoke. The only thing worse than that is small-cap energy, which is down 61 percent.

If you go up to an energy executive and try to tell him that "nothing is happening," you might just get punched in the face.

And it is very important to keep in mind that stocks still have a tremendous distance to fall. They are still massively overvalued by historical standards, and this is something that I have covered repeatedly on my website in recent months.

So how far could they ultimately fall?

Well, Dr. John Hussman is convinced that we could eventually see total losses in the 40-55 percent range:

I remain convinced that the U.S. financial markets, particularly equities and low-grade debt, are in a late-stage top formation of the third speculative bubble in 15 years.

On the basis of the valuation measures most strongly correlated with subsequent market returns (and that have fully retained that correlation even across recent market cycles), current extremes imply 40-55 percent market losses over the completion of the current market cycle, with zero nominal and negative real total returns for the S&P 500 on a 10-to-12-year horizon.

These are not worst-case scenarios, but run-of-the-mill expectations.

If the market does fall about 40 percent, that will just bring us into the range of what is considered to be historically "normal." If some sort of major disaster or emergency were to strike, it could potentially push the market down much, much farther.

And with each passing day, we get even more numbers that seem to indicate that we are entering a very, very deep global recession.

For instance, global trade numbers are absolutely collapsing. This is a point that Raoul Pal hammered home during an interview with CNBC just the other day:

Looking at International Monetary Fund data, "the year-over-year change in global exports is at the second lowest level since 1958," Raoul Pal, Publisher of the Global Macro Investor told CNBC's "Fast Money" this week.

Basically, it means economies around the world are shipping their goods at near historically low levels. "Something massive is going on in the global economy and people are missing it," Pal added.

The steep decline in 2015 exports is second only to 2009, when the global recession led to a 37 percent drop in export growth.

We have never seen global exports collapse this much outside of a recession.

Clearly we are witnessing a tremendous shift, and it boggles my mind that more people cannot see it.

As for this current wave of financial turmoil, it is hard to say how long it will last. As I write this article, markets all over the Middle East are imploding, stocks in Asia are going crazy, currencies are crashing and carry trades are being unwound at a staggering pace. But at some point, we should expect the level of panic to subside a bit.

If things do temporarily calm down, don't let that fool you. Global financial markets have not been this fragile since 2008. Any sort of a trigger event is going to cause stocks all over the world to slide even more.

And let us not minimize the damage that has already been done one bit. As you just read, the average stock on the Standard & Poor's 1500 index is already down 26.9 percent. The financial crisis that erupted during the second half of 2015 has already resulted in trillions of dollars of wealth being wiped out.

When people ask me when the "next financial crisis" is coming, I have a very simple answer for them.

The next financial crisis is not coming.

The next financial crisis is already here.

An angry bear has been released after nearly seven years of hibernation, and the entire world is going to be absolutely shocked by what happens next.

Michael T. Snyder is the publisher of The Economic Collapse Blog and author of The Beginning of the End.

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Is America About to Be Knocked to the Mat?

Is America about ready to hit the canvas? (iStock photo )

Is America About to Be Knocked to the Mat?

9/27/2015  Jon Jones charisma news

Editorial note: The Bible says "now we see through a glass, dimly" (1 Cor. 13:12), indicating that looking at the future is never clear. We at Charisma Media feel that prophecies from respected leaders should be considered and discerned even though they sometimes disagree with what others are seeing.

By Jon Jones

Over the next several years, the world is going to experience upheaval, turmoil and extremely hard times in governments, economies throughout the world and in geophysical realms. These things will not come all at once, but will come upon the earth similar to a boxing match.

In the first rounds of most boxing matches, the blows delivered by each fighter are absorbed. However, eventually a blow comes that, because of the previous blows, will cause a fighter to fall to the mat.  

During a fight there are times of reprieve. We have been experiencing a reprieve and will experience more of those times in the future. Eventually, the ability of the fighter to absorb the punches diminishes and the final punch is delivered, resulting in a knockout.  

For many years now, our country has been able to absorb numerous punches, but we are now entering the later rounds of the match. Punches that were absorbed in the early rounds are about to come again. This time, those punches will not be as easily absorbed. America is about to be knocked down to the mat. 

In Acts 2, the Holy Spirit comes to the believers, fulfilling what Jesus said in John 16:7-11. In Acts 2:14, Following this encounter with the Holy Spirit, we find Peter speaking to the people, explaining what is happening. Peter refers back to a prophetic word by the prophet Joel, speaking of a time when God would pour out His Spirit on all flesh.  

At the time of Joel's writing, the Holy Spirit would rest upon a few men or women who would then prophesy, declaring things God had revealed to them about people, nations, armies, weather, famines and other things. This passage establishes that we are in the last days and, when His Spirit is poured out on us today, we can receive revelation from God.  

This revelation can come in the form of a predictive warning, direction regarding decisions and many other things. However, the most important result of prophecy is described in 1 Corinthians 2:1-4. Here we find Paul explaining that his "message and preaching were not in persuasive words of wisdom, but in demonstration of the Spirit and of power, so that your faith would not rest on the wisdom of men, but on the power of God."  

Prophecy is a physical manifestation of a spiritual gift confirming to the hearer the message of Jesus and the cross. It demonstrates the reality of a sovereign God who interacts and communicates with His creation, which separates Christianity from all other religions.  

In 1 Corinthians 14, we find examples of how prophecy is used in combination with the preaching of the gospel. In summary, as Paul says in 1 Corinthians 2:2, this is about Jesus Christ. Based on this foundation, I would like to share some things that have been revealed to me regarding what is coming in the near future.  

We Prophesy in Part

Scripture is clear that prophetic revelation coming from a single individual will not paint the full picture. First Corinthians 13:9 says, "For we know in part and we prophesy in part." Prophetic words have three parts: revelation (prophetic word), interpretation (meaning of the revelation) and application (what, if any, action should be taken and when, or if this should take place).

We are also told in 1 Corinthians 14:29 that we should "let two or three prophets speak, and let the others judge." These revelations should be considered prayerfully and brought before the Lord for discernment.

On June 24, 2013, I had a dream that I titled "The Redo of 2008." The dream revealed to me that our country was going to experience economic troubles similar to what happened in 2008. The difference is that the intensity and depth of the troubles will be greater and affect more people.

During the crash of 2008, there were many people who did not immediately feel the effects of the crash. Unless you were an investor in the markets or an employee who lost a job, life may not have been much different than before the crash. This time it will be different. While there will still be some who will not be affected, many more will feel the effects of the economic challenges that lay ahead.

I also believe that the "Redo of 2008" will carry over into other areas to include political, governmental and geophysical events. Many of the mistakes and actions to solve the problems that took place in 2008 will be attempted again. But unlike last time, those solutions will not be as effective.

On May 3, 2015, I had a dream that I titled "The Unprepared and the Unaffected." The dream revealed that during the next phase all economic classes would experience varying degrees of hardship. Some will notice little change and will be in a position to help others, while some who could have prepared did not and will need help.

I want to stress that the fall of 2015 will only be the beginning of economic turmoil. The economic shifting that is coming will continue to increase and intensify, eventually affecting the entire world in the years to come. As was illustrated in the boxing analogy, there will be short periods of reprieve, but we are entering into a historical time that will result in great change for people throughout the world.

The Doors of August 2015 through January 2016

On April 5, 2015, I had a prophetic vision that I will share with you just as I received it. While some of the things revealed seem to have an obvious fulfillment, other aspects are open to interpretation.  

In the vision, I found myself in a long hallway with many doors. Each door represented a month of the year beginning in August of 2015 through January 2016. When I opened the door, I was able to get a picture of what life was like during that time for people in the U.S.

The first door I came to had August written on it. I opened the door and when I looked inside there were people walking around, talking and living life. I got the sense that everything seemed normal.  

The next door had September written on it. When I opened the door, at first everything seemed to be normal. But then I began to see dollar bills falling from the ceiling. It was as though the beginning of the month was normal, but something happened that caused things to change.  

The next door had October written on it. I opened the door and saw people who were crying and very upset. I sensed that they were upset because of what had happened in the previous month.   

The next door had November written on it. When I attempted to open the door it was locked. It is possible that, in the near future, what is behind this door could be revealed.  

The next door had December written on it. When I opened the door I saw rioting and looting taking place in a large city. The people were angry and very upset, but I didn't know why.

The final door in the hallway had January written on it. When I opened the door I saw extreme violence and killing that looked like war. I could not tell where this was taking place, but I saw U.S. soldiers fighting.

The months have an obvious progression of intensity, but I am not sure that they are all related. Keep in mind that these are like windows into the future and could represent isolated events that are unrelated. Not everyone will be affected by what is coming, but many will.

How Do We Respond?

We have to answer the question: "How do we respond?" We must decide if we should make changes in our lives, and ultimately that decision is different for everyone. The most important thing we can do is align our thinking with the reality of who God is in our lives and then look at all things through that perspective.

If you read this and fear rises in your heart, remember this truth: Our God is greater, our God is stronger and He is more than able to sustain us and carry us through any storm. Christ in us, the hope of glory (Col. 1:27), is greater than anything we will face here on earth. He will provide for our all our needs, both physical and spiritual, according to His riches in glory.  

"For this reason I bow my knees to the Father of our Lord Jesus Christ, from whom the whole family in heaven and earth is named, that He would give you, according to the riches of His glory, power to be strengthened by His Spirit in the inner man, and that Christ may dwell in your hearts through faith; that you, being rooted and grounded in love, may be able to comprehend with all saints what is the breadth and length and depth and height, and to know the love of Christ which surpasses knowledge; that you may be filled with all the fullness of God. Now to Him who is able to do exceedingly abundantly beyond all that we ask or imagine, according to the power that works in us, to Him be the glory in the church and in Christ Jesus throughout all generations, forever and ever. Amen" (Eph. 3:14-21).

Jon Jones of Gadsden, Alabama, is a successful businessman who has ministered numerous times in the Ukraine. For years he was nondenominational but now is a part of a Vineyard Church. He originally gave this word on July 8, 2015, and called it "What I See Coming to the U.S. This Fall 2015."  

He says this about himself: "Prophetically, I am what some refer to as a 'seer.' I do not consider myself to be a 'prophet' and would disagree with anyone who might try to label me as such. I have been receiving prophetic words, visions and dreams for over 20 years. I do not have a ministry organization nor have I felt called to start one or make it my primary profession. I have the ability to interpret dreams and have taught dream interpretation classes at churches in other countries and in my local church. Over the past several years, I have begun receiving revelation about things that are coming to our country and the world."

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