Market Meltdown Update: Is It Over Yet?

News & Current Events Public News & Current Events
,
1

The financial markets have continued falling this week, making this recent crash the fastest plunge into a bear market in history:

<img class=“aligncenter size-medium” src=“https://peakprosperity.com/wp-content/uploads/2021/09/fastest-bear-market-ever_0.jpg” alt="“Bear market crash chart” width=“999” height=“706” />

We’ve received a lot of questions from PP.com readers over the past few days:

Is the carnage almost over?

What’s going on with this week’s drop in gold, silver and the mining shares?

What should those who have lost a substantial percentage of their savings do now?

For those who were defensively positioned and avoided the plunge, is now the time to start looking at deploying ‘dry capital’?

To answer these questions, I just recorded another brief interview with the lead partners at New Harbor Financial, the financial advisor Peak Prosperity endorses.

While the S&P 500 has now fallen 30% since the February highs, New Harbor’s general portfolio is only down a mere 1%(!) over the same period. THAT’S the power of conservative management and prudent risk mitigation.

In the short video below, they emphasize that it’s not too late to take smart steps with your portfolio against further market downside:

Anyone interested in scheduling a free consultation and portfolio review with Mike and John can do so by clicking here.

And if you’re one of the many readers brand new to Peak Prosperity over the past few weeks, we strongly urge you get your financial situation in order in parallel with your physical coronavirus preparations.

We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.

But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.

SCHEDULE YOUR FREE CONSULTATION

This is a companion discussion topic for the original entry at https://peakprosperity.com/market-meltdown-update-is-it-over-yet/

2

Chicago. All shutting down. My guess is the whole country is next week.
https://www.youtube.com/watch?v=mdT163r3dUQ

3

I’ve been tracking flights over Eastern Washington over the past few minutes. Thus far there have been at least 5-6 flights from Dubai, Doha, Paris, and Moscow on their way to Los Angeles and San Francisco. I tracked a Learjet that flew from Spokane to Sitka, Alaska. Someone with a bugout place in a remote spot?

4

How can we avoid economic chaos, when States, like California shut down…on top of countries, like China and Italy?
How do we know when to turn all the switches back on?

5

That has got to be one of my favorite movies…
I do not know why, but “Serenity” is also right up there…

6

It’s not about payback, it’s about accepting a new normal. Check it out.
2nd - Serenity
 

7

An article I read a few days ago said many of the airlines are continuing their flight into major airports in order to maintain the slots that they are allotted or they will lose them. Sorry I don’t have a reference for you. I’m a Medevac pilot myself and on Wednesday I heard ATC ask a Delta pilot why his rate of climb was so high? His reply was that he only had 5 passengers on board so he was light. Blows my mind but I understand why.

8

When we can test for antibodies, we will be able to tell who had it and recovered. Those people should then be able to come out of isolation, go back to work, and keep their part of the economy going. This number will increase as the virus work its way through the population. The most vulnerable would, of course, be in isolation the longest. This should be an easy, cheap test.
This is just what I have surmised–those with more knowledge than I please chime in.

9

I guess the meltdown is not finished.

10

I took this chart off of ZH. I’m expecting the “”markets”” to roughly follow the pattern of the Great Depression, only worse in some ways. There will be rallies followed by mini crashes but the trend will be inexorably down, down, down.

“Happy Hunger Games. And may the odds be ever in your favor.”
 

11

I do not know the situation in the US, but this problem is solved in Europe were airliners will keep their slots, even if flight are not maintained. This is a temporary law. At this moment AirFrance-KLM has grounded her fleet…

12

Coronavirus: Here Comes The BOOM! Stage (3/20/20)
https://youtu.be/yOIvGIukZhk

13

If you haven’t watched any of the interviews with Peak Prosperity’s endorsed financial advisors, I suggest you do so. The market meltdown is probably just getting started. I have had my portfolio with these financial advisors for about four years…anticipating the bursting of the bubble. I am sleeping so well compared to how I was doing at a comparable point in 2008.

14

Friends,
We need to find reasons to laugh as we go through these times together. So, here are two small contributions.

For those who may not be familiar with the series “Monk”, the main character is an obsessive/compulsive detective in San Francisco. Illness and germs are among his many obsessions: an excellent role model for these times. :slight_smile: Monk is available on Amazon Prime.

15

https://www.youtube.com/watch?v=zj3ttaiSgvs

16

Word is, the Germans won’t rule in COVID-19 without an autopsy. So without one, they are just marking cause of death as “pneumonia”.
Poet

17

on two things, diesel and alcohol. If rural America has fert. seed, (COH) and diesel? you wont starve. oops forgot climate change? the perfect storm?
pls pray

18

I’d bet Dow under 15k, maybe as low as 12k

19

 

Word is, the Germans won’t rule in COVID-19 without an autopsy. So without one, they are just marking cause of death as “pneumonia”. Poet
Source ?
20

Started a pool at work today, called DOW Deadpool. Keeping the humor up.
I took a bunch of low squares, because I read a WolfStreet article this morning, which shows credit spreads on both BBB and BB bonds have crossed over into Lehman Moment territory. If (when) those explode, I anticipate a whole lot more blood. I’m not planning on trying to catch that knife.