CRASH WARNING NOW - stock market crash 2015-2016

This is a public service message. The S&P500 is embarking on a crash of historic scale and speed. This crash will be deeper and faster than the October 2007 -March 2009 57% drop — until/if there is an announcement of another large central bank myopic policy support measure (QE, LTRO, threats to put short sellers in jail etc).

Every major central bank has been taking action to stall this collapse since April 24 (the crash launch point at SPX 2117).  As a result of epic levels of central bank actions and threats, the collapse was stalled until July 20th (SPX 2128).  It’s catch up time. There’s a long way down for the SPX to catch up to where it would otherwise have been without all this central bank candy.

On the eve of the previous market drop, I posted a blog note indicating the S&P500 was going to drop imminently. link to blog post here

 

I will not go into further details because it would not be fair to the paying subscribers to my  Greedometer®  services (market timing insight).

The next drop began a week ago and will be larger than the previous one –unless there is a new announcement of monetary policy candy from at least 1 of the top 4 major central banks.  This drop will be the next leg down in a series of larger dips of a much larger protracted crash.

The great stock market crash of 2015-2016 is under way.