Skip to content

Are you ready? Economic analysts predict bear market by end of 2014

By Catholic Online (NEWS CONSORTIUM)
8/28/2014 (2 years ago)
Catholic Online (www.catholic.org)

Market correction could be as high as 60 percent

Two financial experts announced on August 27 that markets may face a fall of up to 60% by the end of 2014.

Economic analysts are predicting a significant drop in the market, which may be as high as 60%.

Economic analysts are predicting a significant drop in the market, which may be as high as 60%.

Highlights

By Catholic Online (NEWS CONSORTIUM)
Catholic Online (www.catholic.org)
8/28/2014 (2 years ago)

Published in Business & Economics

Keywords: Economics, Finance, U.S., Market, News


LOS ANGELES, CA (Catholic Online) - David Tice, the president of Tice Capital and founder of the Prudent Bear Fund, reported that a jolt to international confidence in central banks will lead to a market decline between 30% and 60%.

You can be a light in the darkness with "prayer and action."

When this happens, he said, markets will face a "period of extreme turmoil."

Economic analysts are predicting a significant drop in the market, which may be as high as 60%.

Economic analysts are predicting a significant drop in the market, which may be as high as 60%.

Economic analysts are predicting a significant drop in the market, which may be as high as 60%.

Economic analysts are predicting a significant drop in the market, which may be as high as 60%.


Tice believes that this crash will be precipitated by a disillusionment with the Federal Reserve, which will see inflation rise. The Federal Reserve will scramble to raise rates, at which point "the Fed starts to lose control."

Technical analyst Abigail Doolittle agreed with Tice's prediction, believing that the market could also fall to between 50% and 60%.

"Unfortunately, I think it could come on a crash similar to what happened in 2007," said Doolittle, the founder of Peak Theories Research, said. "It's tough to know what the exact catalyst will be. But that's the very nature of that kind of selloff. They start slowly and then happen very suddenly."

"When we take the long-term chart of the Dow (refering to a 20-year chart of the Dow Jones Industrial Average)... we see that it's trading in a multiyear trading range, hitting up on resistance. . What makes this so important [is] you can see that the entire bull market trend over the past five years has started to reverse."

"When you see that kind of gyration around the trend, typically it suggests you're going to see some severe volatility," she said. "As scary as it is, I think that we could see possibly a 50 percent or 60 percent correction-an equal and opposite reaction to all these unusual policy moves."

Doolittle said that the S&P 2,000 close on August 26 was a psychological milestone that means very little technically. "As high as these stocks markets go, I've become bearish because the underlying technicals from the long-term really support this view."

"It's easiest to identify on the Russell 2000," she said. "What makes it important is the range has started to reverse the QE3 uptrend. This happened around the QE2 and the QE1 uptrend. ... The gyrations [again] typically signal a correction is coming."

---


'Help give every student and teacher Free resources for a world-class moral Catholic education'


Copyright 2017 - Distributed by THE CALIFORNIA NETWORK

Pope Francis Prayer Intentions for JULY 2017
Lapsed Christians.
That our brothers and sisters who have strayed from the faith, through our prayer and witness to the Gospel, may rediscover the merciful closeness of the Lord and the beauty of the Christian life.


Comments


More Business & Economics

'Budgets are moral documents'

Image of

The highly relevant quote, "Budgets are moral documents," has been arguably attributed to Rev. Martin Luther King, Jr. But if he didn't ... continue reading


Central bankers warn of looming global recession Watch

Image of A recession could be lurking around the corner and central banks have been asked to take note, especially in Asia.

A group of central bankers has warned that a great recession, possibly larger than the 2007-2008 recession is looming on a global scale. ... continue reading


The end of the farm as we know it has arrived - here's how we're about to change the way we grow food Watch

Image of Farming, with its backbreaking labor and myriad of challenges, is about to become an anachronism. Vertical farming will replace the traditional farm within the next few decades.

Farming as we know it is about to disappear. The entire disappearance may take generations to happen, and there will always be a few farms ... continue reading


Why Google, YouTube, Facebook and others need to be broken up -- or regulated Watch

Image of Monopolies are back, and they're taking over everything.

Is to time to break up the monopolies? As Google, Facebook and others grow larger, calls for their breakup are emerging. There is an urgent ... continue reading


Tesla Model 3 may fall short of forecasts, but it will still change the world Watch

Image of The Tesla Model 3 is the Model T Ford of electric cars.

The Tesla Model 3 is a game changer for the auto industry. It is a reasonably priced, well-designed electric car that looks good. It has ... continue reading


Never Miss any Updates!

Stay up to date with the latest news, information, and special offers.

Catholic Online Logo

Copyright 2017 Catholic Online. All materials contained on this site, whether written, audible or visual are the exclusive property of Catholic Online and are protected under U.S. and International copyright laws, © Copyright 2017 Catholic Online. Any unauthorized use, without prior written consent of Catholic Online is strictly forbidden and prohibited.