Stock Market Crash: The Dow Has Fallen Nearly 2,500 Points And FAANG Stocks Have Lost A TRILLION Dollars In Value

Thanksgiving week was not supposed to be like this.  Normally things are slow in the days leading up to Thanksgiving as investors prepare to gorge themselves with turkey and stuffing as they gather with family and friends.  But this year the stock market is crashing, and Wall Street is in panic mode.  On Tuesday, the Dow Jones Industrial Average closed at 24,465.64, which is nearly 2,500 points lower than the all-time high of 26,951.81 that was set in early October.  But as I noted yesterday, what has been happening to tech stocks is even more dramatic.  Each one of the FAANG stocks is now down by more than 20 percent, and they have combined to lose more than a trillion dollars in value.  We haven’t seen anything like this since the financial crisis of 2008, and at this point all of Wall Street’s gains for 2018 have been completely wiped out. (Read More...)

All The FANG Stocks Are Now In A Bear Market And Facebook Investors Have Already Lost 39 Percent Of Their Paper Wealth

These large stock market declines are starting to become a regular thing, and tech stocks are getting hit particularly hard.  But we have been in a bull market for such a long time that many investors are having a difficult time comprehending what is happening.  Many just keep believing that their beloved tech stocks will eventually bounce back because they just can’t accept the fact that the party is over.  At this point, all of the “FANG stocks” have officially entered bear market territory.  Facebook is down 39.5 percent from their 52 week high, Amazon is down 25.4 percent, Netflix is down 35.6 percent and Google is down 20.3 percent.  And since many throw in Apple to make the acronym “FAANG”, we should also note that Apple’s stock price is now down more than 20 percent from the peak.  The tech stock crash that so many have been waiting for has arrived, and many analysts believe that it is going to get a whole lot worse. (Read More...)

“The Outlook For The Global Economy Has Deteriorated”: Oil, Copper And Lumber Are All Telling Us The Next Economic Downturn Is Here

Oil, copper and lumber are all telling us the exact same thing, and it isn’t good news for the global economy.  When economic activity is booming, demand for commodities such as oil, copper and lumber goes up and that generally causes prices to rise.  But when economic activity is slowing down, demand for such commodities falls and that generally causes prices to decline.  In recent weeks, we have witnessed a decline in commodity prices unlike anything that we have witnessed in years, and many are concerned that this is a very clear indication that hard times are ahead for the global economy. (Read More...)

Jim Cramer On The U.S. Economy: “Many CEOS Have Told Me About How Quickly Things Have Cooled”

A lot of people are shocked by how rapidly things are beginning to move.  The U.S. economy is slowing down at a pace that we haven’t seen since the last recession, and this is something that I have been tracking extensively.  But now the slowdown is so obvious that even some of the biggest names in the mainstream media are talking about it.  For example, just take a look at what Jim Cramer of CNBC is saying.  For a long time, he was touting how well the U.S. economy was doing, but now his tune has completely changed.  According to Cramer, a lot of corporate executives have “told me about how quickly things have cooled”, and he says that many of them are shocked because this “wasn’t supposed to occur so soon”… (Read More...)

If America Is Such A Happy Place, Why Is The Suicide Rate Up 34% Since The Year 2000?

What in the world has happened to us?  Despite our ridiculously high standard of living compared to the rest of the world, America is a deeply unhappy place.  When I was growing up, there were no “smart phones”, the Internet did not exist, if you wanted to buy something you had to actually go to a store and hunt for it, and most vehicles were pieces of junk that completely broke down after a few years.  Today, we have hundreds of television channels, we have more movies than we could ever possibly watch, video games have become wildly creative and there is an app for almost anything that you could possibly need on your phone just a few clicks away.  We are literally drowning in entertainment, and yet we are far less happy than previous generations.  In fact, the CDC says that the suicide rate in the United States has risen by 34 percent since the year 2000… (Read More...)

November Snow In Texas? Experts Warn Decreased Solar Activity Will Shatter All Global Climate Models

Our sun has been behaving very strangely, and this unusual behavior is really starting to affect our weather patterns.  There have been virtually no sunspots in 2018 as solar activity has dropped to alarmingly low levels.  As a result, our atmosphere has been cooling and shrinking, and experts are warning that we are heading for a bitterly, bitterly cold winter.  And even though the official start of winter is well over a month away, winter weather is already sweeping the nation.  As you will see below, a giant winter storm is about to slam into the east coast, but what is happening in Texas is even more unnerving.  On Wednesday morning, the temperature in San Antonio plummeted to just 23 degrees, and that absolutely shattered the old record… (Read More...)

11 Signs That The U.S. Economy Is Starting To Slow Down Dramatically

The pace at which things are changing is shocking the experts.  Just a few months ago, many of the experts were still talking about how the U.S. economy was “booming”, but since then a major shift has taken place.  Most of the headlines have been about the huge stock market declines that we have been witnessing, but things have not been going well for the real economy either.  Home sales are way down, auto sales are plummeting, the retail apocalypse is escalating, the middle class continues to shrink and economic optimism is rapidly evaporating.  We haven’t seen anything like this since 2008, and many believe that the economic downturn that is now upon us will ultimately be even worse than what we experienced a decade ago.  The following are 11 signs that the U.S. economy is starting to slow down dramatically… (Read More...)

This Wasn’t Supposed To Happen…

We have definitely deviated from the script.  According to virtually all of the “experts”, the stock market was not supposed to keep plummeting in November.  This was supposed to be the month when the market calmed down and things returned to normal.  But instead, November is starting to look a whole lot like October, and many investors are really starting to freak out.  U.S. stocks declined for a third day in a row on Monday, and all post-election gains have now been completely wiped out.  The Dow Jones Industrial Average lost another 602 points, and all of these large daily losses are really starting to add up.  It may still be a bit too early to call this a “major financial crisis”, but if stock prices keep plunging like this it won’t be too long before all hell starts breaking loose on Wall Street. (Read More...)

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