A top analyst at Citibank has told King World News that global stock markets are set to plunge 27%. Fitzpatrickâ€¦the panic will move global bond markets to extreme levels, but gold will remain firm.
So says*Tom Fitzpatrick*in edited excerpts from an interview with King World News as provided by Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!). This paragraph must be included in its entirety in any re-posting to avoid copyright infringement.
Specifically Fitzpatrick said, in part [you can read the full article here, complete with enlightening charts]:
â€œWe think that, short-term,*the S&P 500 and the DJIA*will head down to their 200 day moving averages in a similar fashion to what we saw last year which would be*1277 and 12,000 respectively [Go here to see*his chart].
Comparing the market environment with that of ’73 to ’77â€¦.when we had a similar deterioration in housing, in the economy as well as in the U.S.*dollar, gold and the oil price shocks, and*sensing that we may have already put in the peak here, the suggestion is that the next down-move would be in the region of 27%. This could be a very quick move, in as little as four or five months.â€ [Go here to see his chart.]
Automatic Delivery Available! If you enjoy this site and would like every article sent automatically to you then go HERE and sign up to receive Your Daily Intelligence Report. We provide an easy â€œunsubscribeâ€ feature should you decide to opt out at any time.
Spread the word. munKNEE should be in everybody’s inbox and MONEY in everybody’s wallet!
1. Marc Faber: We Could Have a Crash Like in 1987 This Fall! Here’s Why
Marc Faber has stated in an interview* on Bloomberg Television that “I think the market will have difficulties to move up strongly unless we have a massive QE3 (something Faber thinks would “definitely occur” if the S&P 500 dropped another 100 to 150 points. If it bounces back to 1,400, he said, the Fed will probably wait to see how the economy develops)….. If the market makes a new high, it will be with very few stocks pushing up and the majority of stocks having already rolled over….If it moves and makes a high above 1,422, the second half of the year could witness a crash, like in 1987.” Words: 708
2. Pento: Markets Will Fall Significantly This Summer – Here’s Why
Investors are being told that the worsening sovereign debt crisis in Europe will leave the U.S. economy unscathed….[because,] since we don’t make many things to export to Europe, our GDP won’t suffer a significant decline at all…. What [has been] conveniently overlooked, [however’] is the fact that 40% of S&P 500 earnings are derived from foreign economies and the seventeen countries that make up the Eurozone have collapsed into recession. [Let me explain what effect that will have on the performance of the S&P 500 this summer.] Words: 325
3. Charles Nenner: Dow to Peak in 2012 and Then Decline to 5,000!
Charles Nenner has been accurately predicting movements in the liquid markets for more than 25 years, and his most recent cycle analysis predicts that the current stock market rally is going to last through Q2 and then begin a major descent in 2013 – with the Dow eventually reaching 5,000! Read on to learn how Nenner’s unique system works and what he forecasts for commodities, currencies, bonds, interest rates and more. Words: 400
4. NOW Is the Time to Get Out of the Stock Market! Here’s Why
With the S&P 500 at its highest level since the summer of 2008, investors previously sidelined by reoccurring fears of a double dip recession and nagging worries about a disorderly Greek default may now be tempted to hold their noses and dive into the market where, presumably, they will be swept along to the land of outsized profits by the Dow 13,000 wave. Having said this, it is worth noting that often the best time to sell is when everyone else is buying. Now may be that time. [Let me explain.] Words: 885
5. S&P 500 Should Continue Climbing Until October and Then Decline 15-30%! – Here’s Why
At the end of November 2011 the U.S. behavioral indicator for the U.S. stock market, based on insights on investor psychology, touched the crisis threshold for the fifth time (1971,1979, 1986, 2006) since 1970. If the current case follows the four prior cases, we expect a similar positive return from November 2011 to the end of October 2012 as in the four prior periods followed by a decline somewhere between 15% and 30%. [Let me explain.] Words: 317
6. Fractal Analysis Suggests Dow Could Drop to 6,000 in 2012 and Gold Take Off Like It In 1979
[While] I do not prescribe to the 2012 end of the world or end of an era phenomenon, my recent fractal (pattern) analysis of the Dow suggests that it is forming a similar pattern to that which was formed in the late 60s to early 70s and if this pattern continues in a similar manner…the Dow could indeed have an annus horribilis (horrible year) in 2012. Let me explain. Words: 1416
7. Dr. Nu Yu: Developing Trends in Gold, Silver and Mining Companies to Remain VERY Bearish! Here’s Why
This analysis is an all-encompassing look at the developing trends in gold, silver, the HUI and XAU indices, West Texas crude oil, the US Dollar Index, 30-year U.S. Treasury bonds and the U.S. and Chinese stock markets. It is not a pretty sight! Words: 1428