🚨 CRASH ALERT 🚨
1987 VS 2024
Update .
2nd lower peak complete .
Is history about to repeat ?
— The Great Martis (@great_martis) May 6, 2024
$SPX bull trap bear flag
No changes just a bunch of psychopaths being completely deluded idiots on the back of @Bank_of_Japan_e insanity
There will be hell to pay$SPY $NDX $INDU pic.twitter.com/AKjoe9syD1
— @mcm_ct_usa (@mcm_ct_usa) May 6, 2024
In the annals of financial history, certain dates stand out like ominous signposts, marking moments of upheaval and uncertainty. One such date is etched into the collective memory of Wall Street: Black Monday, 1987. Now, as 2024 unfolds, whispers of déjà vu haunt the corridors of the stock exchange. Are we hurtling towards another cataclysmic crash?
The parallels between 1987 and our current economic climate are impossible to ignore. Economic growth has slowed, inflation casts a menacing shadow, and the stock market teeters on the edge of uncertainty. But perhaps most concerning of all, valuations have soared to dizzying heights, reminiscent of the excesses that preceded the infamous crash of ’87.
Fast forward to the present day, and the signs of trouble are unmistakable. Federal Reserve Chairman Jerome Powell’s recent dovish remarks and unexpected decisions to scale back quantitative tightening have sent shockwaves through the market, reminiscent of the actions that preceded previous downturns.
Meanwhile, as the economic elite celebrate “blockbuster” GDP and unemployment statistics, a different reality unfolds on Main Street. According to Bloomberg reports, a staggering 43% of small businesses are unable to pay the rent, with restaurants faring even worse at 52%.
These sobering statistics paint a stark picture of the economic challenges facing ordinary Americans, even as Wall Street basks in the glow of record highs. The growing disparity between official narratives and ground-level realities raises troubling questions about the sustainability of our current economic trajectory.
As we stand at this precipice of uncertainty, it’s essential to heed the lessons of history and remain vigilant against the looming specter of another market crash. The warning signs are clear, and the stakes couldn’t be higher. Will we learn from the mistakes of the past, or are we doomed to repeat them once again? Only time will tell.
t.co/nldVr5WFXc:
What Caused The Black Monday Crash (1987):
"Economic growth had slowed while inflation was rearing its head. The strong dollar was putting pressure on U.S. exports. The stock market and economy were diverging for the first time in the bull market, and, as… pic.twitter.com/lZihLwLuht— Mac10 (@SuburbanDrone) May 6, 2024
“I Don’t see the stag or the flation”
– J pow
Tyson Foods shares 📉 on worries over consumer 📉demand pic.twitter.com/LI8VljMrN7
— The Coastal Journal (@1CoastalJournal) May 6, 2024
Since J. Powell's dovish 5/1 speech/Q&A, & decision to reduce the amount of QT the @federalreserve is doing more than expected, the yield on the 10yr UST is down ~20bps, or ~1cut. So, he, de facto, cut rates earlier this month. And, he did this with inflation resurging higher.… pic.twitter.com/ec5FbeNjiW
— Gordon Johnson (@GordonJohnson19) May 6, 2024
43% of small businesses can't pay the rent, Bloomberg reports.
For restaurants, 52% can't pay the rent.
That's the highest number since the depths of the lockdowns. And it's very odd considering "blockbuster" official statistics on GDP and unemployment. pic.twitter.com/hTdIC5TixT
— Peter St Onge, Ph.D. (@profstonge) May 6, 2024
so $VVIX just made its lowest close in about 8 years pic.twitter.com/s2LRBFQhFo
— Swordfishvegetable (@Swordfishv44183) May 6, 2024
'Statistically, the current set of market conditions looks more "like" a major bull market peak than any point in the past century, with the possible exception of the 1929 peak.' t.co/qyzQMleiYo by @hussmanjp pic.twitter.com/RdtVySKvR8
— Jesse Felder (@jessefelder) May 6, 2024
Tokyo Drifting Into A Currency Crisis
The Bank of Japan intervened twice last week as JPY crossed the redline set in September 2022. What lies in store for the Japanese Yen?
A THREAD 🧵👇🔥 pic.twitter.com/qbNkGaqM0W
— Peruvian Bull (@peruvian_bull) May 6, 2024
Frank Giustra: All fiat currencies are in a race to the bottom
Well, he can take comfort in that it won’t be strong forever. If Dems and Republicans continue to do what they have been doing all along, the rest of the world will weaken it for them. Mind you ,all other fiat currencies are in the same race to the bottom. t.co/gRAMusmOLY
— Frank Giustra (@Frank_Giustra) May 5, 2024
Are we sure that the UK inflation wave is over?
More -> t.co/xcy8NL92Bp pic.twitter.com/k8fCmfN0H4
— Andreas Steno Larsen (@AndreasSteno) May 6, 2024
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