The Great Depression was the longest and worst economic collapse in the history of the modern industrial world, which was initiated primarily by the stock market crash of 1929. More than 13% of stocks on the New York Stock Exchange are at 52-week lows, which is about 6 standard deviations above the average over the last three years (1.62%) and an extreme only seen one other time during said period (last October when the S&P 500 was percentage points away from a 10% correction).
As you can see, Icahn is heavily invested in a concentrated portfolio, with Apple ( AAPL ), CVR Energy ( CVI ), Actavis ( ACT ), Chesapeake Energy ( CHK ), Ebay ( EBAY ), Netflix ( NFLX ) and Transocean ( RIG ) all being among his top holdings (he doesn’t look too worried about a crash).
Because the pillars of democracy that once supported a booming middle class have been corrupted, and without them, America teeters on the verge of the next Great Crash.” Thanks to an obstructionist GOP, hell-bent on destroying Obama the past six years.
In an analysis published in 2009, Tom Therramus pointed out that Black Monday fell into a broader pattern in which nearly every stock market crash and recession of the preceding 50 years had occurred shortly after a large and abrupt change in the price of oil In the case of the 1987 Dow crash, it was foreshadowed by a tumble in oil price that ensued in the wake of disputes within OPEC , which had come to a head in the previous year.
I keep hearing all these wolf calls, about a horrific crash coming, in the next month or so. So basically one of my business partners got on the phone with me and I showed him a chart, and a very interesting one, to prove that there is little chance the stock market is going to crash in the next month or so. YES!