No, this is not a prediction of a minor correction. Maybe not till we get a bit closer to the presidential election cycle of Or rather delayed it, which adds more power to the next one. Why not sooner, you ask? Why not in ? But we also know markets are typically up the third year of a presidency. So if no crash is in the cards this year, then why bother with warnings and a countdown?

One Market Prediction Is Sure: Wall Street Will Be Wrong - The New York Times

Why bother building up the elections with lots of dark early warning signs, and doom-and-gloom warnings for the next 18 months? Or we know some investors really do want to heed the warnings, so they can plan ahead, avoid big losses, and take advantage of opportunities later, at the bottom.

And this next one will trigger losses bigger than and So bet against the house at your peril. Ouch, the Dow crashing all the way below 10, Bulls will hate it.

No wonder our brains tune out, turn off. Instead, we prefer the happy talk that will just keep coming out of Wall Street and Washington till the collapse. Just 16 years ago. Wall Street was hot. Back then investors demanded insane annual returns during the worldwide millennium celebrations: Early retirement was all the buzz in barbershops and at neighborhood barbecues Then came the tech crash of By , global real estate was a hot new mania.

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Wall Street, Main Street, all addicted to the next new manias More is never enough. Skeptics may think this is a joke. But we never learn.

His indictment hits hard, but matching something you might hear from Rush Limbaugh on the Right. Our once-enlightened political and economic systems have been manipulated to ensure the success of only a fraction of the population at the expense of the rest of us.

Are we all deaf? In fact, the warnings are always long and loud and crystal clear. The crashes will just keep coming. On March 20, we warned: Still, nothing much has changed. Another round of warnings roared from into Throughout much of , pundits warned how bad the market really was.

And investors got back into bullish feelings. And that eased the panic and bought the bulls more time. In short, the market really is bad news. But still, here we are again, panicking: Fearing that will repeat , fearing that Wall Street and Main Street, tens of millions of Americans, plus the Fed, the SEC, Washington politicians in both parties will refuse to prepare for the Crash of Will deny hearing the warnings Listen closely, the countdown to the Crash of has started.

Farrell is a MarketWatch columnist based in San Luis Obispo, Calif. Follow him on Twitter MKTWFarrell. By using this site you agree to the Terms of Service , Privacy Policy , and Cookie Policy.

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