8.3 C
New York
Thursday, March 28, 2024

Graham Summers’ Weekly Market Forecast (Crash Time Edition)

Courtesy of ZeroHedge. View original post here.

Submitted by Phoenix Capital Research.

The market onslaught of the last week is now staging a snap-back

rally. As I write this Sunday evening the S&P 500 has pushed to

1,143 in the futures markets. This was to be expected as we’d come up

against the neckline for the Head and Shoulders pattern I noted the last

two weeks:

From

a larger perspective, 1,110 is a line of MAJOR support. The S&P 500

spent a major portion of 2010 at this level. It’s also the level at

which the S&P 500 staged its last bounce before entering the 2008

Crash.

So this is THE line to watch in stocks. Once we take it out, we’re

going to 1,000 in short order. By the look of things, it won’t be long.

Indeed, last week we got a confirmed SELL on my proprietary Crash

indicator. This is the SAME indicator that registered before the 1987

Crash, the Tech Crash, and the 2008 collapse.

It’s just triggered again… which means that last week’s sell off is JUST the beginning of what’s coming.

Yes, the GREAT COLLAPSE has begun. The markets will be going to new lows (below the March 2009 lows) in the coming months.

We’re also going to be seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE.

Yes, I believe that before this mess ends, the financial system as a

whole will have collapsed. What’s coming is going to make 2008 look like

a joke.

Many people will lose everything in this mess. Yes, everything. The

US is going to be defaulting on its debt, paper currencies around the

world will fail. It’s going to be a dark dark time.

If you have

yet to prepare yourself for what’s coming, my Surviving a Crisis Four Times

Worse Than 2008
report can show you how to turn the unfolding disaster

into a time of gains and profits for any investor.

Within its

nine pages I explain precisely how the Second Round of the Crisis will unfold,

where it will hit hardest, and the best means of profiting from it (the very

investments my clients used to make triple digit returns in 2008).

Best of all,

this report is 100% FREE. To pick up your copy today simply go to: http://www.gainspainscapital.com

and click on the OUR FREE REPORTS tab.

Good

Investing!

Graham

Summers

PS. We also

feature four other reports ALL devoted to helping you protect yourself, your

portfolio, and your loved ones from the Second Round of the Great Crisis.

Whether it’s my proprietary Crash Indicator which has caught every crash in the

last 25 years or the best most profitable strategy for individual investors

looking to profit from the upcoming US Debt Default, my reports covers it.

And ALL of

this is available for FREE under the OUR FREE REPORTS tab at: http://www.gainspainscapital.com.

 

1 COMMENT

Subscribe
Notify of
1 Comment
Inline Feedbacks
View all comments

Stay Connected

157,452FansLike
396,312FollowersFollow
2,280SubscribersSubscribe

Latest Articles

1
0
Would love your thoughts, please comment.x
()
x