The Dow Falls 1,032 Points! Has The Financial Crisis Of 2018 Officially Arrived?

We haven’t seen this kind of a bloodbath on Wall Street since the great financial crisis of 2008.  Prior to this week, the largest single day decline for the Dow Jones industrial average that we had ever seen was 777 points.  That record was absolutely shattered on Monday when the Dow fell 1,175 points, and on Thursday the Dow dropped another 1,032 points.  This was the third decline greater than 500 points within the last five trading days, and the Dow is poised to post its worst week since the dark days of October 2008.  So is this just a “correction”, or has the financial crisis of 2018 officially arrived? (Read More...)

Is Washington Nuts? Increasing Spending AND Cutting Taxes Will EXPLODE The Size Of The National Debt

Our national debt is rapidly approaching 21 trillion dollars, and yet Congress wants to follow up a large tax cut bill with a massive increase in federal spending.  This is absolute madness, and it is going to make our long-term financial problems as a nation far worse.  After passing the tax bill, the appropriate thing to do would have been to cut federal spending.  Yes, that would have not been a positive thing for the economy in the short-term, but we must start addressing our long-term priorities.  If we do not do something about this exploding national debt, it could potentially destroy our republic all by itself. (Read More...)

Just A Coincidence?: The Dow Goes From Being 567 Points Down To 567 Points Up At The Closing Bell

Seriously?  We were expecting that Tuesday would be an unusual day on Wall Street, and that was definitely the case.  At the low point, the Dow Jones industrial average was down 567 points, but at the closing bell it was up 567 points.  That is a swing of more than 1000 points, but what is more surprising is the exact symmetry of those numbers.  Is this just some sort of bizarre coincidence? (Read More...)

-1,175 Points! We Just Witnessed The Largest One Day Stock Market Crash Ever

The mainstream media seems so surprised that the stock market is crashing, but the truth is that it isn’t a surprise at all.  In fact, this crash is way, way overdue.  If the Dow Jones industrial average fell another 10,000 points, stock prices would still be overvalued.  I have been warning and warning and warning that this would happen, because stock valuations always return to their long-term averages eventually.  On Monday, the Dow was down a staggering 1,175 points, which was the largest single day decline that we have ever seen by a very wide margin.  In fact, it shattered the old record by nearly 400 points. (Read More...)

-666 Points: We Just Witnessed The 6th Largest Single Day Stock Market Decline In U.S. History

On Friday, the Dow Jones Industrial Average fell 666 points (665.75 points to be precise), and many are pointing out that this was the 6th largest single day crash that we have ever seen.  This decline happened on the 33rd day of the year, and it was the worst day for the stock market by far since President Trump entered the White House.  I have been repeatedly warning that we are way overdue for a stock market crash, and many are concerned that we may be on the precipice of another great financial crisis.  We shall see what happens on Monday, because that will set the tone for the rest of the week.  If we see another huge decline early Monday morning, that could easily set off full-blown panic selling on Wall Street. (Read More...)

Panic Grips U.S. Financial Markets As The Dow Falls 362 Points – Worst Drop In More Than A Year

It isn’t going to be a surprise when U.S. stock prices fall 50, 60 or 70 percent from where they are today.  The only real surprise is that it took this long for it to happen.  Even after falling 362 points on Tuesday, the Dow Jones industrial average is still ridiculously high.  In fact, the only two times in our entire history when stocks have been this overvalued were right before the stock market crash of 1929 and right before the dotcom bubble burst.  Not even before the financial crisis of 2008 were stock valuations as absurd as they are right now. (Read More...)

The Mainstream Media Doesn’t Want To Talk About #ReleaseTheMemo, But This Could Be The Biggest Scandal In D.C. Since Watergate

Republican members of Congress are pushing for the release of a memo that reportedly shows that government surveillance powers were illegally used against Donald Trump during the presidential campaign, and that the Obama administration, the FBI and Hillary Clinton illegally colluded in a concerted effort to try to destroy Trump’s chances of winning the presidency.  If these allegations turn out to be true, this will be the biggest scandal in American political history, but so far the mainstream media doesn’t want to talk about it.  Other than Fox News, it is hard to find any coverage of this memo on any of the mainstream news networks.  But as you will see below, Republican members of Congress are making a tremendous amount of noise about it. (Read More...)

More Than 100 Are Dead As The Worst Flu Epidemic In Years Sweeps Across The United States

This flu season is already off to a record-setting beginning, and many believe that it could ultimately be the worst that we have seen in decades.  In fact, it has been reported that if we stay on this current pace that this could truly be the worst flu season in more than 50 years.  As you will see below, the CDC is reporting widespread flu activity from coast to coast, and the death toll has already crossed 100.  Here in the United States, flu season usually begins in October and ends in May, and so we still have a long way to go before it is over. (Read More...)

+ More