THE BEGINNING OF THE ECONOMIC COLLAPSE?
First a cryptocurrency crash, now a crash in the stock market
The financial markets have performed below average last week. Although a temporary correction is normal, this sales wave may be more difficult for investors to consume. According to Larry Glazer, who works as a consultant for Mayflower Corporation, there is a good reason for this correction. It's been a long time since the prices went down reasonably.
As always the financial markets are difficult to predict and it is hard to really know which direction it will go. This also applies to the current decline, are we going to go deeper or are we going to stabilize again? In short, if the coming stock market days continue to turn red, the correction can turn out bloodier than expected.
According to Larry Glazer, investors are starting to react more emotionally, because the previous real correction was already a long time ago. The Dow Jones stocks saw a decrease in price of around 2.54 percent on Friday. That could be a 'trigger' for a sales wave which can go on for a while.
The fund manager, however, claims that a correction of 10 percent is more than normal, especially after the sharp increase that we have undergone. Nevertheless, investors are starting to experience the decline as a larger correction, emotionally between 20 and 25 percent, according to Glazer.
Correction
Leuthold Group Strategist Jim Paulsen also expects a correction in the coming weeks. The stock markets have experienced the best month of January since the 90s. The sentiment is too bullish and stocks are currently overvalued. He expects a 15 percent correction in the worst case scenario.
If this happens the market would closely not get into a 'bear market', for that a loss has to be recorded of at least 20 percent from the most recent peak. However, the company results are looking very good, but the sentiment of the past few months has been labeled as too 'positive'. European stocks have already started a week with a solid loss.
Do you think this is the beginning of an economic collapse?
Will this affect the cryptocurrency market?
Apparently the stock-market is currently freezed to prevent further selling and the market from crashing. As you all probably already know this is not possible in the cryptocurrency market which makes it a lot more volatile.
Cryptocurrencies currently continue their decline as the previous price spike appeared to be a bull trap. Time will tell how long our beloved cryptocurrencies will continue to go down, it's a matter of time before they find their bottom and turn bullish again.
HOW TO REMAIN CALM IN A CRYPTOCURRENCY CRASH?
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maxidigi