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Graham Summers Weekly Market Forecast (Euro Bloodbath Edition)
The European banking implosion has now shifted into hyper-drive. We’ve now broken out of the triangle pattern of the last few months in a big way to the downside. I’ve added the movements made in the overnight futures session to the chart below.
German courts are scheduled to rule whether Germany can even participate in European bailouts this Wednesday. Given the action in the Euro it looks like the answer won’t be positive. Indeed, there are rumors swirling that Germany may in fact even pull out of the EU altogether (I’ll believe this when I see it).
One thing is for sure, the European markets are in a free-fall. Germany and France’s stock markets fell 5% and 4% respectively. By the looks of things, they’re heading straight into their version of a 2008 type event. Given how interconnected the global banking system has become, this could very well spill over into the US in short order.
Indeed, the US stock markets have collapsed in the overnight session. I’ve added the drop to the below chart. One more hard down day and we’re at new lows for this collapse (as I forecast a week ago).
We have now wiped out almost all of the gains of the last week and a half and it looks as though we are heading rapidly into the 2008-type Collapse I've been warning about for weeks.
If you've yet to take steps to prepare your portfolio and your loved ones for what's coming, NOW is the time to do so. Because at the pace we are going, we could see a full-scale market Crash within the next week or two.
However, that's not all we're facing. If the European banking system collapses, we could very well see a Round of Systemic Risk that could involve bank holidays, food shortages, civil unrest, and more.
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.
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you all missed an angle.
The banks are in freefall because no taxpayers could be found to help Greece. @sarc
It's those damn Greeks again. Nobody likes them.
Would you piss in their direction if they were on FIRE? or if the F.I.R.E. were on them, more correctly.
OK, if we weren't in a high tech front running piece of crap stock market I could tell you what to do. no surprise we on tuesday are an a critical inflection point based on any number of charts. In my view wer are certaibnly oversold on and hourly basis, but the daily macd says drop further. I will add I have often seen in these manipulated kmarkets movement that shouldn't happen. but, I think a bit up, before a down.
don't know, doesn't matter that much to me, after these two three down days (fri, monday. tiesday), I have moved into a more market neutrral position than bearish.
zero information or insight in this post and a constant, repetitive marketing of his reports. This guy is useless. I'll stop reading anything by him from now on.
agreed rather useless stuff that's posted, sma eday after day. UGH. Gotta say, at least reggie puts data out there and does analysis. this diesn't cut it.
Crap he said crash, now it wont happen.....
Thank you for this incredible in-depth analysis of the obvious.
What book?
In previous posts by this author, it never fails that some folks, who do not read the Whole thing, bag on him for hyping his book. Cannot recall ever seeing anything about a book for sale on any of his posts, but somehow, others do.
Reading comprehension, gotta have it.
Think I'm going to order up your FREE 9 PAGE REPORT!
Figured I'd get this in before all the others come on and bag on you for hyping your book. ;-)
Edit: Signed up, and GASP!, its free! :-0
free save for the time you wasted signing up, reading it, posting up here and reading this here reply!
Graham owes us all :p maybe we can get some of his leprechauns to hook us up with that $350/oz gold HAHAAA!