Scientist predicts world stock market collapse in 3 months

[spndr7]

Scientist Predicts 60% Market Collapse

Chris Martenson is a world-renowned expert on identifying dangerous, yet hidden, exponential growth patterns in global economies, energy demand, and food consumption...

And he is predicting a 60% stock market collapse will strike in the next three months.

Martenson’s opinion isn’t to be taken lightly, as his research is highly regarded by the United Nations, UK Parliament, and Fortune 500 companies.

His shocking forecast is based on a new alarming pattern he’s identified — he’s calling it “a dreaded triple top” (pictured below).

I think this gonna be the much needed boost for bitcoin in the comming months.

[Torque]

The bitcoin market has actually gone down on days that the U.S. stock market has slumped, not up.

Just sayin'...

[picolo]

Yellen will keep interest rates at 0% (or less!) and will keep pumping the markets

She is doing it at the moment and the real estate market is not even going up anymore and it is still very gloomy

A recession is much needed, the US Dollar has to collapse and a new world will emerge where the hard working, high producing and saving nations like China will finally be truly paid for their efforts

[spndr7]

The bitcoin market has actually gone down on days that the U.S. stock market has slumped, not up.

Just sayin'...

Bitcoin didn't existed during previous major crashes of 2002 and 2008. Some people here believe that, 2008 's financial meltdown, inspired Satoshi to create decentralized bitcoin. So bitcoin should be crash proof, and that would attract huge investments from the new players, if such slump happens.

[sumantso]

On the face of it it sounds good for BTC. But I wonder if there is some other factors in play which might make this worse for us too.

[big ears]

All the alts seem to catch a cold when bitcoin nosedives, so maybe bitcoin will catch a cold when all types of fiat nosedive because of a big stock market crash.

[BowieMan]

Scientist Predicts 60% Market Collapse

Chris Martenson is a world-renowned expert on identifying dangerous, yet hidden, exponential growth patterns in global economies, energy demand, and food consumption...

And he is predicting a 60% stock market collapse will strike in the next three months.

Martenson’s opinion isn’t to be taken lightly, as his research is highly regarded by the United Nations, UK Parliament, and Fortune 500 companies.

His shocking forecast is based on a new alarming pattern he’s identified — he’s calling it “a dreaded triple top” (pictured below).

I think this gonna be the much needed boost for bitcoin in the comming months.

Hmmm I'm not against a lot of institutional money or money from big private investors coming into Bitcoin, but I personally doubt that this big crash is going to happen! What does this triple triangle basically mean? Is there a resistance too big at that mark?

[applesRyummy]

I really don't think they can say with any amount of certainty that the stock market will collapse. This is basically the same as predicting the future.

[BowieMan]

I really don't think they can say with any amount of certainty that the stock market will collapse. This is basically the same as predicting the future.

Yeah, I think it's even an interesting thing to say that scientists predict that it's going to collapse. Saying that something has been proved scientifically usually is a away to make it seem irrefutable to other people. But it still may be bogus. Just claiming that doesn't do anything!

[kireinaha]

I hope so, more cheap stocks for me to buy up. nom nom nom!

[big ears]

Did this same scientist predict the last two crashes, and their exact crash dates?

[Dalmar]

There's no way it will collapse in 3 months.

The S&P is still trading above its 200 and 300 day moving average.
In 2007 it took about 10 months from the test of those levels to the crash to really get started.

[scarsbergholden]

I hope so, more cheap stocks for me to buy up. nom nom nom!

LOL. Not gonna lie, this was very well played.

What say you, bitcoiners?

[Ibian]

I was not convinced at first, but he called it a dreaded pattern so he must be right.

[SunBin]

Not a follower of pattern and technical analysis. The scientists are making fool of himself and it won't take long for readers to realize.

[rogerwilco]

This guy makes a living off doomsday proclamations. Google his name and you'll see concerned people discussing him in forums years ago about similar predictions that eventually came up empty.

[maker88]

Yellen will keep interest rates at 0% (or less!) and will keep pumping the markets

She is doing it at the moment and the real estate market is not even going up anymore and it is still very gloomy

A recession is much needed, the US Dollar has to collapse and a new world will emerge where the hard working, high producing and saving nations like China will finally be truly paid for their efforts

so chinas blatant currency manipulation, massive housing bubble and artificial central bank run growth is going to work better for them than america? doubt it, if we collapse they're not going to do well either.

[DoraTheBTCexplorer]

so how will this translate in btc price?

[vuduchyld]

Newsmax link?  Uhhhhh...not particularly credible source, there.

Is this reporter just making shit up?  S&P chart tops around 1500 in 2000.  Tops around 1500 again in 2007.  It is currently around 1930, which is significantly higher than that other double top.

[Mobius]

This guy makes a living off doomsday proclamations. Google his name and you'll see concerned people discussing him in forums years ago about similar predictions that eventually came up empty.

It sounds like this guy more or less always says "the world is coming to an end" and eventually he is right so he claims to be right. I would personally not listen to him and would not call him a "scientist"