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Major Indices Around the World Crash Into Bear Market

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Learning Never Ends
@briggsy
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This is no longer correction territory.

With the Crown Virus (COVID19) black swan event turning Market mania into social mania, the major stock indices around the globe are crashing as the everything bubble appears to have finally been pricked.

Dow Jones down 27% from high

S&P500 down 26% from high

Nikkei down 23% from high

The Footsie down 31% from high

TSX down 29% from high

The Dax is down 33% from high

I'm not here to suggest what you should do. If you've been following my blog you know I anticipated a potential crash in February due to historical trends and current events, and although I called it a bit early (and I'm not psychic), there's no way I could have predicted the crown virus black swan event.

The markets around the world have been manic for some time, and all we needed was a gentle breeze to push it off the cliff. Instead we got a strong gust of wind, and if charting patterns follow through I expect to see the Dow Jones fall to at least 15K before the crash is over.

This may very well be the wealth transfer that many in the independent media have been warning of, and if you got caught with your pants down, you have only yourself to blame. Don't follow the herd, as the herd is eventually led to the slaughter.

Stay safe, stay healthy and avoid the mainstream news (especially any news coming from US media sources)

thanks for dropping by.