Crash Update – Including Downside Targets for the DJIA and S&P 500 Indices…

by Clive Maund
Gold Seek

The market crash called for on the site on the 15th, right before it started, is now going full bore, and in this update we are going to consider the short-term outlook, especially insofar as it impacts upon our Tech sector puts, and also the grim longer-term outlook.

A full-on “in your face” catalyst for the crash has arrived in the form of the Covid-19 or coronavirus, which has already brought the Chinese economy to a virtual standstill, thus disrupting global supply chains, and now threatens to wreak havoc elsewhere, not least in the United States itself. The “everything bubble” had reached incredible extremes and this virus crisis catalyst was just what was required to burst it, and now it’s started no amount of Central Bank money pumping or wild promises will stop it.

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