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 FEBRUARY 2017
Comfort for the Afflicted.
That all those who are afflicted, especially the poor, refugees, and marginalized, may find welcome and comfort in our communities.


Comments


More Business & Economics

Pope Francis' nightmare? World's richest 8 men own as much as 3.6 billion people Watch

Image of The richest one percent own what the world's poorest have COMBINED.

During an interview with Dutch newspaper Straatinieuws, Pope Francis explained: "I would like a world without the poor. We must fight for ... continue reading


Is YOUR job in danger? Thousands of Americans to lose jobs as 218 iconic American brands collapse Watch

Image of Over 200 American brands are closing stores to keep their heads above water.

An iconic American brand with a century-long history is shutting down hundreds of stores in the face of bankruptcy. LOS ANGELES, CA ... continue reading


Yes, Millennials are lazy, but it's not their fault says one high-profile consultant Watch

Image of Simon Sinek says millennials are lazy, but it isn't their fault.

Yes, Millennials, you have a problem, but it's not your fault. This is the conclusion of Simon Sinek, the famous leadership consultant who ... continue reading


Third of millennial adults still living with parents -- here's the reason why and what we had better do about it... soon Watch

Image of They can't change a tire, but they can protest like champs. It doesn't help we are paying them less for the same work as previous generations. Our debt is accruing interest, and they're losing interest in democracy.

Adults are living at home with their parents in numbers not seen since the Great Depression. LOS ANGELES, CA (California Network) - If ... continue reading


The genius secret why Trump is stacking his cabinet with pro-business staff Watch

Image of Our nation is about to be great once again.

Donald Trump is facing a lot of criticism over his cabinet choices. He has repeatedly appointed Washington D.C. outsiders to posts within ... 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.