Gargantuan! The Next Generational Bust Is Coming

Oil can’t seem to get a break. After falling just below $27 last week, oil finally rallied back to $32 before falling back to just under $31 on Tuesday. An oversold bounce was naturally due, with perhaps a bit more to come. But the oil market’s doing exactly what I said it would – cratering!

Meanwhile, in la-la land, stocks have been so focused on the decline in oil prices that they just ignored the other big trigger for a stock decline.

And that came yesterday, when the Shanghai Composite index of Chinese stocks moved 3% below its August low of 2,850!

I wrote back in