Everything is in free fall. Gold below 700, Silver below 9, Oil getting close to 60, Asia Stock Down Up to 11 % today, Europe down up to 9 % and US Futures looking bad for later today. Yikes. We must be in a twilight zone episode or something. This is obviously a global phenomenon.
This is the prelude folks.
Deflationary crisis. Except no one has the cash to buy things at the lower prices.
If you believe in lines, the S&P should be at around 820.
I’d guess that people have to have their run of pain until they get tired of it. Until their “fear” gets old and they decide to move on...
It seems to be something rooted deeply in human nature...