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Stock Market CRASH I PREDICTED IN OCTOBER Here as Dow Jones Tanks 1,000 Points and Nasdaq Crushed

Posted on May 13, 2022May 7, 2022 By Kelly Donner 27 Comments on Stock Market CRASH I PREDICTED IN OCTOBER Here as Dow Jones Tanks 1,000 Points and Nasdaq Crushed

Dow tumbles more than 900 points and the Nasdaq drops 4% on Friday to close out a brutal month
U.S. stocks sunk Friday with the Nasdaq Composite notching its worst month since 2008, as Amazon became the latest victim in April’s technology-led sell-off.

The tech-heavy Nasdaq Composite fell nearly 4.2% to 12,334.64, weighed down by Amazon’s post-earnings plunge. The S&P 500 retreated by 3.6% to 4,131.93. The Dow Jones Industrial Average shed 939.18 points, or close to 2.8%, to 32,977.21.

The Nasdaq finished at a new low for 2022 and the S&P 500 did as well, with the main stock benchmark taking out its previous low in March.

Stocks closed out a dismal month as investors contended with a slew of headwinds, from the Federal Reserve’s monetary tightening, rising rates, persistent inflation, Covid case spikes in China and the ongoing war in Ukraine.

“The markets are trying to wrap around a lot of different cross-currents,” BMO Wealth Management’s Yung-Yu Ma said. “With the Fed raising rates and all the uncertainties that the global economy is facing, it’s hard to get excited about paying the multiples that currently prevail in a lot of places in the market.”

Legendary investor Jeremy Grantham sees a 'superbubble' in markets and expects the S&P 500 to crash 43%. He recommends overseas stocks and cash as havens.
Jeremy Grantham recently diagnosed the fourth US "superbubble" in the past century, and warned the benchmark S&P 500 would crash 43% to around 2,500 after the bubble bursts.

The veteran investor and GMO cofounder explained in a Saturday interview with Fox Business how investors should position their portfolios against a backdrop of historic market speculation and the "touchy-feely characteristic of crazy investor behavior."

"What I would do is make sure you have some cash reserve," he said. "There may be some great buying opportunities in the next couple of years."

The market historian has previously said he holds cash so he can deploy it easily, and a small amount of gold and silver.

"Secondly, I would try and avoid US stocks," Grantham said. "If you have to own some, I would own high-quality. They always do better in a serious shake-up."

Grantham, who has repeatedly warned investors are caught in a historic bubble, said an imminent crash in the S&P 500 means a credit crisis is brewing.

"So, blue chips are the way to go. Avoid debt. And to the extent you can, avoid the US. It's the most overpriced market," he said.

"Real estate is overpriced everywhere in the world. But the stock markets outside the US are curiously not that bad. They're in a bull market. They're overpriced mostly, but they're only normally overpriced," he added.

"And there are a few cheap countries. Japan looks pretty cheap, the UK not so bad."

He also touted emerging markets, saying traders could find bargains.

"If you look for the cheap stocks, growth versus value; growth has had an unprecedented decade," he said. "It is probably the turn for cheap stocks again."

"So emphasize cheap countries, cheap stocks, avoid the US. And if you have to buy the US; for heaven's sake, pick the quality stocks and have a cash reserve."

Grantham has previously criticized the Federal Reserve for not acknowledging the pain that follows for investors after a market bubble bursts.

"One of the main reasons I deplore superbubbles – and resent the Fed and other financial authorities for allowing and facilitating them – is the underrecognized damage that bubbles cause as they deflate and mark down our wealth," Grantham said in a paper released last month.

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Comments (27) on “Stock Market CRASH I PREDICTED IN OCTOBER Here as Dow Jones Tanks 1,000 Points and Nasdaq Crushed”

  1. ErikH526's Gaming & Gardening Channel says:
    April 30, 2022 at 12:24 am

    H.A., hope all is well!

  2. H. A. Goodman says:
    April 30, 2022 at 12:26 am

    SUBSCRIBE to THE STOCK MARKET CRASH CHANNEL! https://www.youtube.com/channel/UCz7XsdPRg_nZx68hE54-Auw

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  3. Stephanie Freeman says:
    April 30, 2022 at 12:27 am

    What about corporate pension plans?

  4. First Avenger says:
    April 30, 2022 at 12:34 am

    HA, its not a crash until they shut down or suspend trading for a period.

    1. Old Man says:
      April 30, 2022 at 3:09 pm

      They suspended GME,AMC,BBB,BB,Discovery,Qualcom… It’s already happening

  5. Gardener says:
    April 30, 2022 at 12:51 am

    It’s a racquet! A RACKET!

  6. Jake Jensen says:
    April 30, 2022 at 1:11 am

    👍🏻👍🏼👍🏽👍🏾👍🏿👍

  7. quan 7 says:
    April 30, 2022 at 1:30 am

    buttigieg says infrastructure spending should include equity and equality

    1. William Yahwehson says:
      April 30, 2022 at 8:46 am

      Buttigieg’s version of equity and equality comes at the expense of the working class.

  8. Rich Plewa says:
    April 30, 2022 at 2:29 am

    Predicting or causing it.

  9. Jim Graham says:
    April 30, 2022 at 2:40 am

    RED OCTOBER

  10. Timothy Lewis says:
    April 30, 2022 at 7:29 am

    Hey H…hope all is well. Love ya man.

  11. Timothy Lewis says:
    April 30, 2022 at 7:35 am

    Good one H…will catch up with videos. On the beach for a week. Awesome

  12. William Yahwehson says:
    April 30, 2022 at 8:48 am

    I remember

  13. Scott Smith says:
    April 30, 2022 at 8:54 am

    H.A., like I said a million times before. You are the man buddy!👍

  14. Robert Dreyfuss says:
    April 30, 2022 at 8:55 am

    Carnival cruise people, carnival cruise. 3x your money and get $2 a share dividend. They’ve been close the whole time and are about to go profitable. Everything else is going to crash as GOODMAN is saying. Anyone who laughs at buying CCL will cry later.

  15. Jooste Constance Rebecca says:
    April 30, 2022 at 1:54 pm

    I read about a man in his 50s that started investing in stocks and real estate, then retired in 2years with over $6million, that right there is my utmost goal and I’d really appreciate clues and tips on how to reach this goal within 5years

    1. Liana Nimah says:
      April 30, 2022 at 1:55 pm

      Everything is possible, it all depends on your consistency and discipline.

    2. Imogen Royce says:
      April 30, 2022 at 1:57 pm

      @Liana Nimah
      No one is a genius when it comes to the market, but positive results are guaranteed more if one works with a reliable professional. My most sincere take though!!

    3. Jooste Constance Rebecca says:
      April 30, 2022 at 1:57 pm

      @Imogen Royce This sounds like a great idea, but never knew how to go about it, Have you seek professional assistance before? what is the experience like

    4. Imogen Royce says:
      April 30, 2022 at 2:00 pm

      @Jooste Constance Rebecca The consultant that guides and assist me is *Julia Renee Lindberg* you can check her out online and reach out to her through her website to book an appointment.

    5. Andy Brown says:
      April 30, 2022 at 6:35 pm

      Luck

  16. Sara Peterson says:
    April 30, 2022 at 10:48 pm

    HELLO H.A GOODMAN 😁😁👍👍👋👋💯💥💥💥

  17. Roycie Mun says:
    April 30, 2022 at 10:53 pm

    Wasted my time

  18. Mark Jenner says:
    April 30, 2022 at 10:57 pm

    I just predicted that the Stock Market will Crash in the Next Coming days

  19. Paul Craig says:
    May 2, 2022 at 2:35 am

    Just repeating what Trump said

  20. RebelsBestFriend 2021 says:
    May 2, 2022 at 3:56 pm

    We see what you see. The naysayers are just that. Their scared sheep.

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