STOCK MARKET CRASH WARNING: “Reversal Could Happen Quickly And Strongly…Likely To Induce Panic”

Thursday, September 14, 2017
By Paul Martin
September 14, 2017

After 8 years of reckless central bank policies and bubbling stock prices, today one of the greats in the business issued a stock market crash warning.

September 14 (King World News) – Art Cashin, Head of Floor Operations at UBS: Of Calendars And Cautions – This year has seen many longstanding seasonal patterns fail to perform. Sell in May and Go Away was a clear loss maker this year. The traditional market weakness in August and September has been stood on its head. Sharp-eyed Keene Little over at Option Investor thinks it may have to do with a different “pattern”, the one that comes in a year ending in a seven.

Here’s a bit of what Keene wrote:

While we should be looking over our shoulder for potential trouble, the market has been ignoring the troubling signs and that could continue longer than most think possible. Don’t fight the trend is clearly the message after just a 3-wave pullback in August. The pattern of the rally off the August 21st low is not clean but the choppy move higher fits as an ending pattern. So I would definitely not get complacent about the current rally. Don’t fight it but be careful joining it. I have a feeling the reversal from it could happen quickly and strongly.

If the market does hold up into October it would fit a pattern for years ending in 7, which is what we’re currently in. In the past, with August and September being typically weak months, it’s been common to see some ugliness into September. October has been known as the bear killer since a strong rally into the end of the year has typically started from a stronger pullback into October.

The Rest…HERE

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