{"id":12633,"date":"2015-09-26T07:36:36","date_gmt":"2015-09-26T12:36:36","guid":{"rendered":"http:\/\/olduvai.ca\/?p=12633"},"modified":"2015-09-26T07:36:36","modified_gmt":"2015-09-26T12:36:36","slug":"this-bubbles-days-are-numbered-market-tops-are-sprouting-up-everywhere","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=12633","title":{"rendered":"This Bubble\u2019s Days Are Numbered\u2014\u2013Market Tops Are Sprouting Up Everywhere"},"content":{"rendered":"

This Bubble\u2019s Days Are Numbered\u2014\u2013Market Tops Are Sprouting Up Everywhere<\/a><\/h3>\n

I have an important update regarding how far we could see the market drop in the short days and weeks ahead\u2026<\/p>\n

I\u2019ve been warning for months that it looks like this bubble may finally be peaking.<\/p>\n

I\u2019ve warned that it\u2019s best to get out of stocks a little early rather than a bit late. That\u2019s because, when bubbles finally break, they burst rapidly \u2013 as much as 40% in the first few months. It can make markets very volatile, up and down, hence harder to predict and adjust to. If this is indeed the end, we\u2019ve only taken the first step down a long ladder.<\/p>\n

In retrospect, the odds keep going up that we saw a major long-term top on May 19.<\/p>\n

The\u00a0first warning sign<\/u>\u00a0was that, as stocks made little progress from late December into May, we saw a series of major tops around the world. And that to me is no small matter.<\/p>\n

Dow Transports peaked in\u00a0late November<\/strong>\u00a0and are down 20% since.<\/p>\n

Dow Utilities peaked in\u00a0late January<\/strong>\u00a0and are down 18%.<\/p>\n

The German DAX and British FTSE both peaked in\u00a0April<\/strong>\u00a0and are down 24% and 19%, respectively.<\/p>\n

The Dow and S&P 500 appear to have peaked in\u00a0late May<\/strong>. The Dow\u2019s down 16% since then.<\/p>\n

Then\u00a0in June<\/strong>\u00a0came China\u2019s Shanghai Composite index \u2013 one of the leading dominoes to fall \u2013 and it\u2019s crashed 42%. The Russell 2000 index also peaked in June and is down a little more than 12%.<\/p>\n

And finally, our Nasdaq, which peaked in\u00a0late July<\/strong>, is recently down 21%.<\/p>\n

Four of those are undeniably in bear territory. The Shanghai, DAX, Nasdaq and Dow Transports have crossed that 20% threshold that literally defines a bear market. A drop like that only raises the chances that a bubble is finally over. But thus far technical indicators only show that the Shanghai and DAX have peaked for good.<\/p>\n

And all of this is just the first warning sign\u2026<\/p>\n

 <\/p>\n

…click on the above link to read the rest of the article…<\/p>\n","protected":false},"excerpt":{"rendered":"

This Bubble\u2019s Days Are Numbered\u2014\u2013Market Tops Are Sprouting Up Everywhere I have an important update regarding how far we could see the market drop in the short days and weeks ahead\u2026 I\u2019ve been warning for months that it looks like this bubble may finally be peaking. I\u2019ve warned that it\u2019s best to get out of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[1750,1806,9267,5979,4899,4726,500,4240,7883],"class_list":["post-12633","post","type-post","status-publish","format-standard","hentry","category-economics","tag-bear-market","tag-bubble","tag-bubble-peak","tag-contracorner","tag-economic-bubble","tag-harry-dent","tag-market-collapse","tag-market-top","tag-warning-signs"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12633","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12633"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12633\/revisions"}],"predecessor-version":[{"id":12634,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/12633\/revisions\/12634"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12633"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12633"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12633"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}