Thursday, May 19, 2016

“The Dreaded ‘Death Cross’ Formation Just Hit Stocks”

“The Dreaded ‘Death Cross’ Formation Just Hit Stocks”
by Phoenix Capital Research

“Smart investors have noted that the S&P 500 just staged a very dangerous looking move. That move was when S&P 500’s 50-week moving average broke below its 100-week moving average. You can see this in the green circle below"


This move is called a “Death Cross” and for good reason. 
The last time it happened was in 2008, right before the entire market CRASHED:


The time before that was right before the Tech Bubble burst, crashing stocks:


In short, going back over 16 years, this Death Cross formation has only hit TWICE before. Both times were when major bubbles burst and stocks Crashed.”
http://www.zerohedge.com/

Economy Related:
“The Humungous Depression”

“Once upon a time, there was a middle class: This election year 
will determine whether the middle class falls into obscurity.”

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