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Expert That Correctly Predicted Market Moves In July, August And September Says Stocks Will Crash In November
Expert That Correctly Predicted Market Moves In July, August And September Says Stocks Will Crash In November
When someone is right over and over and over, eventually people start paying attention. Personally, I have learned to tune out the “forecasts” of most “economic experts” out there. As an attorney, I was trained to be skeptical, and I have found that most forecasts about what the financial markets are going to do are not worth the paper they are printed on. However, once in a while something comes along that really gets my attention. Over the past few days, I have seen a number of references to the remarkable forecasts of Bo Polny of Gold 2020 Forecast. In recent months he has correctly predicted that U.S. stocks would begin to drop in July, that there would be a huge plunge in August and that that the month of September would be rather uneventful. Now he is saying that he expects “November to be a complete meltdown on the U.S. and world markets”. Just because he has been right in the past does not guarantee that he will be correct this time around, but lots of people (like me) are starting to pay attention.
So how does Polny come to his conclusions? Well, he uses something that most of us hated when we were in school – mathematics. The following comes from the Daily Sheeple…
Cyclical analyst Bo Polny of Gold 2020 Forecast utilizes advanced mathematical formulas and years of cyclical analysis to make forecasts about global stock markets. In late July he noted that U.S. stock markets had hit a top and that investors should prepare for a rapid down-move in the Dow Jones and other indexes. As we now know, that prediction has come to pass.
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July Was Warmest Month On Record NOAA Reports, Lists All “Signifiicant Climate Anomalies And Events”
July Was Warmest Month On Record NOAA Reports, Lists All “Signifiicant Climate Anomalies And Events”
While some, perhaps not California farmers, will disagree with NOAA’s assessment of the world’s atmospheric conditions, earlier today the National Oceanic and Atmospheric Administration declared that July was the warmest month ever recorded for the globe and was also the record warmest for global oceans, putting a full stop to a year that has been characterized by numerous perplexing atmospheric outliers around the globe but perhaps none other more so than NOAA’s earlier assessment that the winter of 2015 was also the warmest on record despite the much discussed US winter, where for the second year in a row the economic slowdown was blamed on a colder than usual winter. Go figure: perhaps here too we need double seasonal adjustments.
Among some of the highlights noted by NOAA:
- The combined average temperature over global land and ocean surfaces for July 2015 was the highest for July in the 136-year period of record, at 0.81°C (1.46°F) above the 20th century average of 15.8°C (60.4°F), surpassing the previous record set in 1998 by 0.08°C (0.14°F). As July is climatologically the warmest month of the year globally, this monthly global temperature of 16.61°C (61.86°F) was also the highest among all 1627 months in the record that began in January 1880. The July temperature is currently increasing at an average rate of 0.65°C (1.17°F) per century.
- The July globally-averaged land surface temperature was 1.73°F (0.96°C) above the 20th century average. This was the sixth highest for July in the 1880–2015 record.
- The July globally-averaged sea surface temperature was 1.35°F (0.75°C) above the 20th century average. This was the highest temperature for any month in the 1880–2015 record, surpassing the previous record set in July 2014 by 0.13°F (0.07°C). The global value was driven by record warmth across large expanses of the Pacific and Indian Oceans.
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