Stock markets across the world are starting to crack. Last night Europe was heavily in the red with drops in excess of 3% in some market exchanges. And, as soon as the bell rang this morning on the East Coast, U.S. stocks continued the global decline.
Though the Federal Reserve released a report today indicating that the U.S. economy was on pace to grow moderately, investors were having none of it. After topping 17,000 for all time highs just a few weeks ago, stocks have tumbled over 1,000 points through today.
Daniel Ameduri of Future Money Trends alerted subscribers several months ago to brace for a correction of at least 10% this fall, and perhaps even worse. That prediction, echoed by many contrarian financial analysts and economists, is now coming to pass.
Written by Mac Slavo
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