by Chris Martenson, Peak Prosperity:
Is this week’s 6% market drop the start of the Big One?
With the recent plunge in the S&P 500 of over 5%, has the long-anticipated (and long-overdue) market correction finally begun?
It’s hard to say for certain. But the systemic cracks we’ve been closely monitoring definitely got an awful lot wider this week.
After nearly a decade of endless market boosting, manipulation and regulatory neglect, all of the trading professionals I personally know are watching with held breath at this stage. The central banks have distorted the processes of price discovery and market structure for so many years now, that it’s difficult to know yet whether their grip on the markets has indeed failed.