Global Stocks Slide

Markets are moving! Want to get onboard?

By Elliott Wave International

“When the alarm goes off and the dreamers awake, it will be pandemonium in the stock market.” — Bob Prechter, from the just-released Elliott Wave Theorist.

You would agree that markets around the world have served investors a lot of surprises lately:

1. Crude oil just fell to $40 a barrel, a 6 1/2-year low.
2. Gold — after hitting lows not seen in five years and disappointing just about every gold bug on the planet — just broke above $1150 an ounce.
3. The U.S. dollar, doomed to failure by the mainstream consensus a few years ago due to the Fed’s “inflationary” QE policies, is enjoying strength not seen in years.
4. Chinese stocks, up almost 60% YTD into their July peak, suddenly crashed, sparking fears of global contagion.

And almost every step of the way, Elliott wave price patterns have guided us and our subscribers:

1. Last November, a joint bulletin from our Elliott Wave Theorist and Elliott Wave Financial Forecast called the low in gold and silver to within two days. Last month, on July 24, we issued another bullish bulletin — the exact day of the intraday lows in gold and silver after four years of decline.
2. On June 6, 2012, we sent to subscribers a Special Report calling the low in 10-year T-bond yields after 31 years of decline. The top in T-bonds came right around the same time.
3. Crude oil has followed its Elliott wave script since 1998, including the all-time high near $150 in 2008 and the more recent secondary peak — one from which oil fell to $40 a barrel this week.
4. Wave patterns warned us of the huge declines in commodities — and the huge rally in the U.S. dollar, both against nearly universal disagreement.

Plus, says Bob Prechter in the new Elliott Wave Theorist,

“With rare foresight, our European and Asian analysts predicted the failure of both the Swiss franc peg and the Chinese yuan peg, dramatic events that caught economists completely off guard. You have to know a lot about markets to do these things.”

Yet the credit doesn’t go entirely to our analysts — it goes to the Elliott wave method. For the past 80 years, waves have warned thousands of investors about risks — and new opportunities! — at countless market junctures.

Today’s #1 story is the 358-point sell-off in the Dow. Both the DJIA and the S&P 500 are now in the red for 2015.

Even the white-hot NASDAQ ended the day with a 3% decline

Is this a “normal correction” — or are the “bubble days” really over?

Prechter’s new Elliott Wave Theorist — which got published just yesterday (Aug. 19) — says:

“When the alarm goes off and the dreamers awake, it will be pandemonium in the stock market.”

We invite you watch a free 5-video series from Elliott Wave International’s Chief Market Analyst Steve Hochberg, “Economic Crisis Meets Investor Opportunity.” We think you’ll find Steve’s insights into global debt, real estate, the Federal Reserve and shifting investor psychology valuable, while his charts will show you the evidence that informs his forecasts. You’ll get a perspective on the markets that you simply won’t find elsewhere.

Free Club EWI Video Series “Economic Crisis Meets Investor Opportunity” (5 Videos) See the rest of the hand-picked highlights from Steve Hochberg’s recent presentation: A compelling argument, supported by charts, facts and figures, for a precarious financial and economic position America finds itself in today. Steve’s video presentation topics are: “A Shorter Fuse on a Bigger Debt Bomb,” (5:13 min.) “Global Stock of Debt,” (1:55) “What Growth Boom?” (1:45), “The Housing Crater” (2:54) and “Failed Economic Growth” (4:17) Free Club EWI members, watch all 5 videos now >> Need a free Club password? Get one now for instant access >>