Sunday, August 28, 2022

Three of the worst months in market history were Octobers: 1929, 1987 and 2020. October 2022 is in 5 weeks...... will it join the club?

Fact: MONEY MAKES THE WORLD GO AROUND. So if the world of money seizes up.........

Possible negative events for October 2022:

Markets:

Stocks full on crash, SPX hits 2400 (50% below the Jan 2022 AllTimeHigh)
Bonds Corporate crash, Govt bonds soar in flight to "safety"
Real Estate sales freeze up completely
Energy Oil plunges, NatGas stay high
Commodities tank
Crypto Bitcoin (now down -70% from ATH) falls to 6000 (-90%)
Currencies Everything plunges against USD

Financial system

Global financial crisis far worse than 2008 unleashed

Economy

Second Great Depression initiated

Society

To prevent social disorder becoming severe, we find out the answer to WAR WHAT IS IT GOOD FOR?

I call this possible scenario OctoberGeddon. Why might it happen? Eurozone, other Developed markets, China and other Emerging markets all suffering major economic and/or market stress. When one goes, domino effect/ contagion/ cascade/ chain reaction will bring others with it until the mighty USA also succumbs. Current US "strength" is irrelevant. Decoupling from rest of world is a fantasy.


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