The Stock Market Has Officially Entered Crazytown Territory

[Mark]

The Stock Market Has Officially Entered Crazytown Territory

It is time to crank up the Looney Tunes theme song because Wall Street has officially entered crazytown territory.  Stocks just keep going higher and higher, and at this point what is happening in the stock market does not bear any resemblance to what is going on in the overall economy whatsoever.  So how long can this irrational state of affairs possibly continue?  Stocks seem to go up no matter what happens.  If there is good news, stocks go up.  If there is bad news, stocks go up.  If there is no news, stocks go up.  On Thursday, the day after Christmas, the Dow was up another 122 points to another new all-time record high.  In fact, the Dow has had an astonishing 50 record high closes this year.  This reminds me of the kind of euphoria that we witnessed during the peak of the housing bubble.  At the time, housing prices just kept going higher and higher and everyone rushed to buy before they were "priced out of the market".  But we all know how that ended, and this stock market bubble is headed for a similar ending.

(Read More....) http://theeconomiccollapseblog.com/archives/the-stock-market-has-officially-entered-crazytown-territory

[Psalm 51:17]

Wouldn't surprise me if the next big stock market crash happens at the grand event...the rapture!

[Kilika]

the stock market does not bear any resemblance to what is going on in the overall economy whatsoever

Exactly. There is no "economic recovery" for the masses. It's getting worse. Corporations are the only ones seeing things "improve". It's like a feeding frenzy on Wall Street, and the markets are showing it.

[Mark]

   The Dow Has Already Fallen More Than 1000 Points From The Peak Of The Market

Stock Market Decline - Photo by NodulationThat didn't take long.  On Monday, the Dow was down another 326 points.  Overall, the Dow has now fallen more than 1000 points from the peak of the market (16,588.25) back in late December.  This is the first time that we have seen the Dow drop below its 200-day moving average in more than a year, and there are many that believe that this is just the beginning of a major stock market decline.  Meanwhile, things are even worse in other parts of the world.  For example, the Nikkei is now down about 1700 points from its 2013 high.  This is causing havoc all over Asia, and the sharp movement that we have been seeing in the USD/JPY is creating a tremendous amount of anxiety among Forex traders.  For those that are not interested in the technical details, what all of this means is that global financial markets are starting to become extremely unstable.

(Read More....) http://theeconomiccollapseblog.com/archives/the-dow-has-already-fallen-more-than-1000-points-from-the-peak-of-the-market


   The Stock Market In Japan Is COLLAPSING

Stock Market Collapse In JapanDid you see what just happened in Japan?  The stock market of the 3rd largest economy on the planet is imploding.  On Tuesday, the Nikkei fell by more than 610 points.  If that sounds like a lot, that is because it is.  The largest one day stock market decline in U.S. history is only 777 points.  So far, the Dow is only down about 1000 points during this "correction", but the Nikkei is down more than 2,300 points.  The Nikkei has dropped more than 14 percent since the peak of the market, and many analysts believe that this is only just the beginning.  Those that have been waiting for a full-blown stock market collapse may be about to get their wish.  Japan is absolutely drowning in debt, their central bank is printing money like crazy and the Japanese population is aging rapidly.  As far as economic fundamentals go, there is very little good news as far as Japan is concerned.  So will an Asian financial collapse precede the next great financial crisis in the United States?  That is what some have been predicting, and it starting to look increasingly likely.

(Read More....) http://theeconomiccollapseblog.com/archives/the-stock-market-in-japan-is-collapsing

[Kilika]

Japan is absolutely drowning in debt, their central bank is printing money like crazy and the Japanese population is aging rapidly.

And then there is the cost of Fukushima.

But the big issue is the "central banks" and their push of a debt-based economy, which is collapsing as we speak. And they knew it isn't sustainable, with the plan to step in as people default, and simply take their property.

It's an age old plan, to depress property so people don't want it, and once it's worthless, beg people to buy it, then the money people come in and "save the day" with their offer to "take it off their hands" for cheap.