Recently, Anti-Media reported that some of the biggest institutions on Wall Street have issued warnings to investors that planet-wide financial markets are nearing a downturn. From an August 22 article by Bloomberg:
“HSBC Holdings Plc, Citigroup Inc. and Morgan Stanley see mounting evidence that global markets are in the last stage of their rallies before a downturn in the business cycle.
“Analysts at the Wall Street behemoths cite signals including the breakdown of long-standing relationships between stocks, bonds and commodities as well as investors ignoring valuation fundamentals and data. It all means stock and credit markets are at risk of a painful drop.”
It appears the fear may be spreading. Citing a new financial survey, Mark DeCambre of MarketWatch reported on Friday that a vast majority of Wall Street executives interviewed think the currently record-setting stock market is about ready to decompress:
“More than 80% of chief financial officers surveyed by accounting firm Deloitte said U.S. stock markets are overvalued, marking the highest level since Deloitte began conducting its quarterly poll about eight years ago.
“The findings underline an increasing sense of dread by market participants that stock valuations have become bloated after the S&P 500 index, the Dow Jones Industrial Average and the Nasdaq Composite Index have registered repeated records and remain less than a percentage point from fresh records in recent trade.”
Specifically, DeCambre writes, the Dow has hit 42 records thus far in 2017, Nasdaq has hit 49, and the S&P 500 has ended on record highs 37 times.
MarketWatch’s Ciara Linnane also reported on the new survey on Friday. Linanne spoke with the survey’s lead author and managing director of Deloitte’s CFO program, Greg Dickinson, who said one of the most worrisome risks to the market CFOs cited was tension between the United States and North Korea.
Additionally, Linanne writes, “the failure of the administration of President Donald Trump to advance agenda items, such as tax reform, trade policy and health care reform provided another layer of uncertainty.”
Despite all these early signs of trouble, the market marches on with euphoria as if the current bull run — one of the longest in history — can go on forever. The average American investor does not appear to be heeding these near-apocalyptic warnings.
The Homepage of Independent Media
Will Crypto rise as the stock market declines? #hodl
yes. that's my view as well
Let s hope so
BTC always starts to surge during march/may
I think a lot of investors are just lokking at BTC and not the altcoins
With a new surge in BTC maybe a lot of them will hop on the train and bring us to new all time highs
Also BTC is very low at the moment and a good buy
A lot of the whales sold a big portion and it is now more decentralized than ever :)
The market sometimes is down, we should take the advantages a good period , and wish a good futur for evryone , great professionnal work
Let's get you on MSP Radio to talk about your movement!!
That's an awesome image! That's the plan, we're working on lining it up with @aggroed :-)
That is awesome... I had a feeling y'all had each other's contact info... And yes, I drew the image above! It is my thing, doing cartoons on money to show its inherent worthlessness!! Oh, and I want to partner with you... Been sending stuff to Nick since we were both admins with Tammy at MAM... (CMOR from Artists Against Monsanto, that is me!)
click here.Congratulations @antimedia, this post is the tenth most rewarded post (based on pending payouts) in the last 12 hours written by a Dust account holder (accounts that hold between 0 and 0.01 Mega Vests). The total number of posts by Dust account holders during this period was 11929 and the total pending payments to posts in this category was $3150.75. To see the full list of highest paid posts across all accounts categories,
If you do not wish to receive these messages in future, please reply stop to this comment.