Friday, February 5, 2016

ANOTHER IMPORTANT MONTHLY CHART..........

In 2001 the stock market experienced its first big crash since 1987. There was approximately a 49% down turn in the S&P. In 2008, when we were sold a bill of goods by the Federal Reserve, Congress and the Treasury Dept., the S&P crashed again and experienced a 56% down turn and the joke "my 401k is now a 201k" was born. 

The markets are currently set up with the exact same pattern as both 2001 and 2008. If, by the end of February the S&P closes below 1920, it is currently at 1917, the patterns that were unleashed in 2001 and 2008 will be in full view.

These patterns can be seen in the chart below:




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