‘The Mood On Wall Street Has Never Been More Apocalyptic’ & ‘A Nightmare On Wall Street’

Trading floor of the New York Stock Exchange

Financial markets around the world have been experiencing losses.

Notice the following:

The Mood On Wall Street Has Never Been More Apocalyptic

June 14, 2022

There has been a distinct pattern to 2022 – every month, when look at the latest BofA Fund Manager Survey, we find that the mood on Wall Street has never been catastrophic, dire, apocalyptic, etc.. and 30 days later we find that said mood has turned even worse. This month’s Fund Manager Survey was no difference, and a quick look at the responses to Mike Hartnett’s questions by the 300 panelists who manage $834BN in AUM suggests that one should not walk next to tall building on Wall Street, midtown or the Hudson yards. .

As FMS survey organizer, Michael Hartnett writes, the US stock market officially entered a bear market on Monday (its 20th of the past 140 years) as the June BofA Fund Manager Survey (FMS) signals deeper investor misery: as we noted last Friday, the BofA Bull & Bear Indicator is now down to just 0.2 (it can’t drop below 0.0)…

… stagflation fears have soared to the highest since June’08

… the profit outlook is the worse since Lehman… https://www.zerohedge.com/markets/mood-wall-street-has-never-been-more-apocalyptic

June 14, 2022

Less than a week ago, we wrote that “As Yen Crash Accelerates, It Puts Catastrophic End Of MMT Experiment In The Spotlight” a less than cheerful assessment echoed this morning by Bloomberg, which writes that “Japan Starting to Crack as Yen Tumbles With Stocks and Bonds“ noting that despite the yen crashing to a 24-year low (for the same reasons we have repeated again and again, namely you can’t keep your 10Y yield at 0.25% and avoid a currency collapse in a scorching inflationary environment), Tokyo stocks were down the most since March. https://www.zerohedge.com/markets/japan-verge-systemic-collapse-dramatic-unpredictable-non-linearities-financial-markets-bank

June 14, 2022

The S&P 500 dug a little deeper into bear-market territory, declining 0.4% to 3,735, while the Dow Jones Industrial Average was off 0.5% to 30,364. https://www.kiplinger.com/investing/stocks/604799/stock-market-today-061422-stocks-wobble-fed-rate-decision

While Wall Street HAS been MORE apocalyptic in the past, the mood is shifting.

Notice the following:

Federal Reserve Chair Ben Bernanke said on Sunday.

“The U.S. economy today is a mixed bag,” Bernanke said on CNN’s “Fareed Zakaria GPS” while noting inflation levels that have reached 40-year highs.

“A recession is possible. Economists are very bad at predicting recessions, …” he added. https://www.zerohedge.com/economics/us-economy-has-decent-chance-avoiding-recession-things-could-go-bad-bernanke

One of the reasons that “Economists are very bad at predicting recessions” is that they 1) tend to not see trends–as they

Now notice is something from Michael Snyder:

A Nightmare On Wall Street

This is bad. This is really, really bad. Investors loved the ride up, but now the Federal Reserve is helping to destroy the bubble that it once so eagerly created, and trillions of dollars in paper wealth is being wiped out in the process. Unfortunately, our system is not really designed to handle this sort of carnage. So many in the financial world live right on the edge, and when things go really, really bad the dominoes can start falling at a pace that is absolutely breathtaking. We witnessed this back in 2008, and it could soon happen again.

On Friday, the Dow Jones Industrial Average fell 880 points, and many were deeply concerned about what Monday would bring.

Well, the pessimists turned out to be correct, because the Dow plunged another 876 points on Monday.

Overall, the Dow is now down approximately 17 percent from its record high, and so it has almost reached bear market territory.

Of course the S&P 500 is already there…

The S&P 500 fell 3.88% to 3,749.63, marking its lowest level since March 2021 and bringing its losses from its January record to more than 21%. The benchmark closed in bear market territory (down more than 20% from its high) after trading there briefly on an intraday basis about three weeks ago. Some on Wall Street say it’s not an official bear market until the index closes there and that’s what happened on Monday. The last time stocks were in a bear market was in March 2020 at the onset of the pandemic.

Needless to say, the Nasdaq has them both beat. Tech stocks were on the cutting edge on the way up, and now they are on the bleeding edge on the way down. The Nasdaq dropped another 4.68% on Monday, and at this point it has already dropped over 33 percent from the all-time high. …

The U.S. economy is clearly heading into a very painful recession, and you don’t raise rates as a recession is starting.

Unfortunately, Fed officials feel like their hands are tied because inflation is completely out of control. Last week we learned that the consumer price index has risen to 8.6 percent, and we were told that was the highest that it has been since December 1981.

But if the inflation rate was still calculated the way that it was back in 1980, it would actually be well over 15 percent at this point.

So the Fed is going to bring down the hammer, and that is going to continue to roil financial markets.

And right now cryptocurrencies are being hit harder than anything else. …

But the outlook for the months ahead is terrible, and my regular readers already know what I believe is coming beyond that.

It took years to get to the top of the rollercoaster, but the ride down will go much, much faster. 06/13/22 http://theeconomiccollapseblog.com/a-nightmare-on-wall-street/

This drops and fluctuations are not a surprise.

One issue, as I have said for years, it that the stock market, in the USA at least, has been phony for some time.

In the USA it has been propped up by both major political parties via unnaturally low interest rates, the Federal Reserve’s legal counterfeiting called “quantitative easing,” and the USA running trillion-plus dollar deficits for many years. Based on certain historical “fundamentals,” the market is grossly overpriced.

Of course, markets often rise and fall. But as I wrote in 2017, despite assertions from then Fed Chair Janet Yellen, we were not past the time of financial crises (see Janet Yellen does not believe that there will be another financial crisis ‘in our lifetimes’).

Do I think that it is time to panic and it is now all over?

No.

But as far as the advice of certain pundits to ‘keep calm’ goes, that will happen in the future when sudden destruction comes:

3 For when they say, “Peace and safety!” then sudden destruction comes upon them, as labor pains upon a pregnant woman. And they shall not escape. (1 Thessalonians 5:3)

Irrespective of what happens to the stock markets in the USA and around the world, the Bible warns that people should not think that things will continue to go on as they have:

1 Beloved, I now write to you this second epistle (in both of which I stir up your pure minds by way of reminder), 2 that you may be mindful of the words which were spoken before by the holy prophets, and of the commandment of us, the apostles of the Lord and Savior, 3 knowing this first: that scoffers will come in the last days, walking according to their own lusts, 4 and saying, “Where is the promise of His coming? For since the fathers fell asleep, all things continue as they were from the beginning of creation.” 5 For this they willfully forget: that by the word of God the heavens were of old, and the earth standing out of water and in the water, 6 by which the world that then existed perished, being flooded with water. 7 But the heavens and the earth which are now preserved by the same word, are reserved for fire until the day of judgment and perdition of ungodly men.

8 But, beloved, do not forget this one thing, that with the Lord one day is as a thousand years, and a thousand years as one day. 9 The Lord is not slack concerning His promise, as some count slackness, but is longsuffering toward us, not willing that any should perish but that all should come to repentance.

10 But the day of the Lord will come as a thief in the night, in which the heavens will pass away with a great noise, and the elements will melt with fervent heat; both the earth and the works that are in it will be burned up. 11 Therefore, since all these things will be dissolved, what manner of persons ought you to be in holy conduct and godliness, 12 looking for and hastening the coming of the day of God, because of which the heavens will be dissolved, being on fire, and the elements will melt with fervent heat? 13 Nevertheless we, according to His promise, look for new heavens and a new earth in which righteousness dwells.

Therefore, beloved, looking forward to these things, be diligent to be found by Him in peace, without spot and blameless; (2 Peter 3:1-14)

Jesus also warned about those who apparently did not believe things would get bad (cf. Matthew 24:36-44) as well as Christians who thought they did not need to change their lives (Revelation 3:14-19).

The reality is that the financial markets have NOT been normal, but have been manipulated by the US Federal Reserve and other government-related entities.

If it were NOT for the Federal Reserve counterfeiting money where it basically ‘creates’ money and then gets US Treasury pledges created, etc. the US stock market would have a much lower valuation.

Basically, because of manipulation of financial markets, many have invested in the stock market since banks, for example, are paying almost nothing in the way of interest (some banks in Europe still charge ‘negative interest,’ which gets people to invest in almost anything, since why put funds in a bank that will charge you more and more money the longer you keep your funds there).

What the US Federal Reserve, US government, and other entities have done in creating ‘money’ to keep interest rates down is wrong.

This diluting of the value of coinage/currency is condemned in the Bible, when it uses the old term ‘dross’ (money that has been debased):

4 Take away the dross from silver (Proverbs 25:4a).

22 Your silver has become dross, Your wine mixed with water. (Isaiah 1:22)

25 I will turn My hand against you, And thoroughly purge away your dross, And take away all your alloy. (Isaiah 1:25)

18 “Son of man, the house of Israel has become dross to Me; they are all bronze, tin, iron, and lead, in the midst of a furnace; they have become dross from silver. 19 Therefore thus says the Lord God: ‘Because you have all become dross, therefore behold, I will gather you into the midst of Jerusalem. 20 As men gather silver, bronze, iron, lead, and tin into the midst of a furnace, to blow fire on it, to melt it; so I will gather you in My anger and in My fury, and I will leave you there and melt you. 21 Yes, I will gather you and blow on you with the fire of My wrath, and you shall be melted in its midst. 22 As silver is melted in the midst of a furnace, so shall you be melted in its midst; then you shall know that I, the Lord, have poured out My fury on you.’” (Ezekiel 22:18-22)

Although the Bible warns against using dross and diluting the money supply, modern ‘experts’ have a different view. The wrong views on economics will lead to economic problems and ultimately the total crash of the dollar of the USA.

There are things that the Federal Reserve can do to prop up the market, but much of its ‘ammunition’ is more dangerous than most think (cf. Habakkuk 2:6-8).

Notice something that Jesus prophesied:

7 But when you hear of wars and rumors of wars, do not be troubled; for such things must happen, but the end is not yet. 8 For nation will rise against nation, and kingdom against kingdom. And there will be earthquakes in various places, and there will be famines and troubles. These are the beginnings of sorrows. (Mark 13:7-8)

We are having wars and rumors of wars and ‘troubles’ and the financial markets are being set up for even more severe troubles in the future. We are in the ‘beginning of sorrows.’

Financial troubles are expected to be a factor in the rise of the European Babylonian Beast power. However, expect more volatility in the future first.

Some items of possibly related interest may include:

The End of US Dollar Dominance Is the USA losing its economic status? What about the petro-gold-yuan? A related video is also available: US Dollar being challenged by Gold-Petro-Yuan.
USA in Prophecy: The Strongest Fortresses Can you point to scriptures, like Daniel 11:39, that point to the USA in the 21st century? This article does. Two related sermon are available: Identifying the USA and its Destruction in Prophecy and Do these 7 prophesies point to the end of the USA?
Who is the King of the West? Why is there no Final End-Time King of the West in Bible Prophecy? Is the United States the King of the West? Here is a version in the Spanish language: ¿Quién es el Rey del Occidente? ¿Por qué no hay un Rey del Occidente en la profecía del tiempo del fin? A related sermon is also available: The Bible, the USA, and the King of the West.
Who is the King of the North? Is there one? Do biblical and Roman Catholic prophecies for the Great Monarch point to the same leader? Should he be followed? Who will be the King of the North discussed in Daniel 11? Is a nuclear attack prophesied to happen to the English-speaking peoples of the United States, Great Britain, Canada, Australia, and New Zealand? When do the 1335 days, 1290 days, and 1260 days (the time, times, and half a time) of Daniel 12 begin? When does the Bible show that economic collapse will affect the United States? In the Spanish language check out ¿Quién es el Rey del Norte? Here are links to two related videos: The King of the North is Alive: What to Look Out For and The Future King of the North.
The Plain Truth About Gold in Prophecy. How Should a Christian View Gold? What do economists and the Bible teach about gold? Gold and silver may drop in value. Inflation/deflation? What do Christians need to know about gold? A video of related interest may be: Germany, Gold, and the US Dollar.
Europa, the Beast, and Revelation Where did Europe get its name? What might Europe have to do with the Book of Revelation? What about “the Beast”? Is an emerging European power “the daughter of Babylon”? What is ahead for Europe? Here is a link to a video titled: Can You Prove that the Beast to Come is European?
European Technology and the Beast of Revelation Will the coming European Beast power would use and develop technology that will result in the taking over of the USA and its Anglo-Saxon allies? Is this possible? What does the Bible teach? Here is a related YouTube video: Military Technology and the Beast of Revelation.
Anglo – America in Prophecy & the Lost Tribes of Israel Are the Americans, Canadians, English, Scottish, Welsh, Australians, Anglo-Saxon (non-Dutch) Southern Africans, and New Zealanders descendants of Joseph? Where are the lost ten-tribes of Israel? Who are the lost tribes of Israel? What will happen to Jerusalem and the Jews in Israel? Will God punish the U.S.A., Canada, United Kingdom, and other Anglo-Saxon nations? Why might God allow them to be punished first? Here is a link to the Spanish version of this article: Anglo-América & las Tribus Perdidas de Israel. Information is also in the YouTube sermons titled Where are the Ten Lost Tribes? Why does it matter? and British are the Covenant People. A short YouTube of prophetic interest may be: Are Chinese threats against Australia for real?
Will the Anglo-Saxon Nations be Divided and Have People Taken as Slaves? Will the lands of the United States, United Kingdom, Canada, Australia, and New Zealand be divided? What about Jerusalem? What does Bible prophecy teach? Are there non-biblical prophecies that support this idea? Who will divide those lands? Who will end up with the lands and the people? Here is a link to a video titled Will the USA and other Anglo-nations be Divided and Their People Made Slaves? Here is a related item in the Spanish language ¿Serán divididas las naciones anglosajonas?
British are the Covenant People What do ‘British’ and ‘Britain’ mean in Hebrew? Are the descendants of the Anglo-Saxons people of the covenant? Does the British royal family connect to the throne of David? What does the Bible teach? What does history show us? Is there any DNA evidence related to British-Israelism? When did Christianity make it to the British Isles? Could Jeremiah have made it to the British Isles? What type of Christians made it to the British Isles? Did the last King of England believe in British Israelism?
Physical Preparation Scriptures for Christians. We all know the Bible prophecies famines. Should we do something? Here is a version in the Spanish language Escrituras sobre Preparación física para los Cristianos. Here is a link to a related sermon: Physical preparedness for Christians.
When Will the Great Tribulation Begin? 2022, 2023, or 2024? Can the Great Tribulation begin today? What happens before the Great Tribulation in the “beginning of sorrows”? What happens in the Great Tribulation and the Day of the Lord? Is this the time of the Gentiles? When is the earliest that the Great Tribulation can begin? What is the Day of the Lord? Who are the 144,000? Here is a version of the article in the Spanish language: ¿Puede la Gran Tribulación comenzar en el 2020 o 2021? ¿Es el Tiempo de los Gentiles? A related video is: Great Tribulation: 2026 or 2027? A shorter video is: Can the Great Tribulation start in 2022 or 2023? Here is a video in the Spanish language: Es El 2021 el año de La Gran Tribulación o el Grande Reseteo Financiero.