Stocks will be opening down today… as in DOWN.
As bad as it’s looking, things were actually much worse a few hours ago. The initial drop was so massive that the futures exchange intervened to stop the carnage.
And things are only going to be getting worse from here.
The #1 question I have received since published my book The Everything Bubble: The Endgame For Central Bank Policy is:
“how will we know when The Everything Bubble has burst?”
My answer was always:
“when debt contagion spreads to systemically important asset classes, the Everything Bubble has burst.”
We are now there.
Floating bonds are IMPLODING.
Even worse, corporate bonds, of which the IMF believes some $1.2 TRILLION will default during the crisis, have taken out both their bull market trendline AND CRITICAL SUPPORT.
Put simply, we are now at the point at which junior debt markets are blowing up. It’s no longer a question of IF we CRASH, it’s now a question of WHEN.
On that note we just published a 21-page investment report titled Stock Market Crash Survival Guide.
In it, we outline precisely how the crash will unfold as well as which investments will perform best during a stock market crash.
Today is the last day this report will be available to the public. We extended the deadline based on yesterday’s sucker rally, but this it IT… no more extensions.
To pick up yours, swing by:
Chief Market Strategist
Phoenix Capital Research