Is the market crash ended? Just the beginning! The market crash is every 7 years
In the few week before, i was post my article about US market crash every 7 years, so 2022 will market crash. But only few people accept this article's viewpoint, Now Nasdaq and Dow has intraday reversal, so the crash is ended?
Huge reversal days are rare, there are only six historical precedents for the Nasdaq dropping 4% or more and closing higher — in data spanning about 34 years.
The Other days are: 10/28/97 10/26/00 7/15/02 10/10/08 11/13/08 and this time 1/24/2022 If we expand the simple size from 1929, there are the average loss after the reversal date was 13.36% with a median of 6.72%
As I mentioned before, The economic cycle of U.S. stocks has a very obvious 7-year cycle.
-In 1966, the United States experienced a "credit crunch". In August of the same year, the U.S. Treasury market suffered a severe "liquidity crisis.
-In 1973, seven years later, the world suffered the "first oil crisis", with stock market and economic problems and the first stagflation.
-Seven years later, in 1980, Wall Street forced the Hunt brothers to stop hoarding silver , which helped some banks and securities firms to avoid bankruptcy.
-In October 1987, the Dow fell 22% in one day on "Black Monday".
-Seven years later, in 1994, the FED raised interest rates six times in a row, and interest rates rose sharply from 3% to 6%, resulting in the most famous bond massacre in history.
-Seven years later, in 2001, the Black Swan event of 9/11 triggered a severe setback in the global stock market, and the U.S. declared an emergency stock market closure from 9/11 to 9/14, but the market resumed on the 17th, the U.S. stocks still had a panic sale, the S&P 500 index opened at 1,092 points and closed almost at the low of 1,038 points, down 5%, while the Dow Jones Industrial Index was killed to 8,883 points, down 7%, and the stock market fell 14% in one week.
The 7-year cycle came to 2008, the financial tsunami, Hong Kong stocks and U.S. stocks plunged.
-In 2015, Hong Kong stocks and U.S. stocks crash.
-2022:?
I would predict that in 2022, there may be a significant pullback in US stocks.
Stop asking why there is no 2020/3, because there is more than one starting point for the cycle and there are different periods that affect the stock market, and 2022 is a 7 year cycle
Eric Lau kwan ming- anchor of winning ahead of time
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