Is an historic stock market crash about to unfold on Wall Street?

We sure don't know, and the pundits on CNBC and FBN are almost unanimous in saying there is nothing to worry about. Well, how many of them saw this year's drop coming in the first place? Why should you listen to them now? 


Market Update - Friday 08/17/18 4:00 PM EDT

The SkyNet BuyBots  continued yesterday's rally, pushing US stocks mostly higher through the day. The DJIA gained 111 points (0.4%) and the NASDAQ added 9 points (0.1%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update - Thursday 08/16/18 4:00 PM EDT

The SkyNet BuyBots ruled the overnight futures session, as the on-again off-again fears about a global trade war subsided. US stocks opened sharply higher and never looked back. The DJIA jumped 398 points (1.6%) and the NASDAQ gained 32 points (0.4%).

Stay tuned as the battle of the SkyNet StockBots continues.


Market Update - Wednesday 08/15/18 4:00 PM EDT

The SkyNet SellBots ruled the overnight futures session, pushing US stocks sharply lower at the open of trading in New York. At precisely 11:00 AM, the SkyNet BuyBots took over and mounted a partial bounce into the close to cut the day's losses. The DJIA ended down 137 points (0.5%) and the NASDAQ sank 96 points (1.2%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update - Tuesday 08/14/18 4:00 PM EDT

The SkyNet BuyBots kicked into gear today and recovered all of yesterday's drop, and a bit more. The DJIA gained 112 points (0.5%) and the NASDAQ added 51 points (0.6%).

Stay tuned as the battle of the SkyNet StockBots continues.

Market Update - Monday 08/13/18 4:00 PM EDT

The SkyNet StockBots battled it out, sending US stocks up and down into a lower close. The DJIA dropped 125 points (0.5%) and the NASDAQ lost 19 points (0.3%).

Stay tuned as the battle of the SkyNet StockBots continues.


Update Archive


So where do the markets go from here? We sure don't know. And anybody who claims to know exactly what's coming is lying to you.

The entire global financial system is in unprecedented, uncharted waters.

  • Global debt is much worse than it was in 2007.
  • Mega-trillions in derivatives trade every day like $1.00 dog-racing trifecta tickets.
  • Despite twelve years of near-zero interest rates, the global economies are barely registering a pulse.
  • And on and on.

How bad are things? How unprecedented and uncharted?

Several Central Banks have entered the monetary Twilight Zone by cutting their benchmark interest rates to below zero. That's right, if you're a big bank, you can actually "make money" by borrowing money. When the loan comes due, you pay back less than the amount you borrowed. What a deal!

And the perverse flip side of negative interest rates is that when you deposit your hard-earned money in the bank, not only do you not earn any interest, the bank charges you a fee just for the privilege of making the deposit. You have less and less money in your account every day. What a rip-off!

All of this financial insanity can only be seen as a desperate last-resort attempt by Central Bankers to stimulate their economies by force-feeding them with "better than free money". (Free money that is conjured up out of thin air with a few mouse clicks, that is.)

About the best we can say for the markets ahead is "expect the unexpected."

But if there's one thing that all stock market analysts and forecasters agree upon, it's that "markets don't move in straight lines" (at least not for very long). Look at any chart of any stock, any commodity, anything that is traded on an open market and you just don't see long straight lines.

So if markets don't move in straight lines, how do they move? Again, look at any chart and it's obvious: markets move in zigs and zags. A more technical term for zigs and zags is waves. And there is no better way to analyze and interpret chart waves than with Elliott Wave analysis.

Founded in 1979 by Robert R. Prechter Jr., Elliott Wave International (EWI) is the largest independent financial analysis and market forecasting firm in the world. EWI's analysts cover every major market (stocks, currencies, bonds, energy, metals, commodities) worldwide, 24 hours a day.

The stock market waves have been warning of a major market meltdown for quite some time. Has that moment finally arrived?

As Bob Prechter warned, and as the market action during the 2008-2009 financial crisis proved,

"Bear markets move fast and are intensely emotional;
investors and traders who are prepared have greater
opportunities on the downside than on the upside."

We urge you to stay on top of the latest market action with commentary and reports from our friends at Elliott Wave International.


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