Stocks traditionally show weakness from May through October. Stocks hit their lowest point of the year on October 27th. Moreover, the Dow Jones Industrial Average began plunging right at this time of the year just prior to the financial crisis of 2008.
Most people do remember the huge stock crash that happened in the fall of that year, but the market actually started to slide in May. Throughout the first four and a half months of 2008, stocks moved up and down in a fairly narrow range, and the Dow closed at a short-term peak of 13,028.16 on May 19th. From there it was all downhill for the rest of the year. So will a similar thing happen in 2015 as we approach the next great financial crisis? Since March 20th, the Dow Jones Transportation Average has already fallen by almost 800 points. So will the Dow Jones Industrial Average soon follow? Well, only time will tell, but the Dow was down 190 points on Tuesday. Signs of trouble are popping up all over the place, and the "smart money" is getting out while the getting is good.
Red flags and warning signs are starting to pop up all over the place. The U.S. dollar index is surging again. We have recently witnessed the largest seven day rise in the U.S. dollar index since the collapse of Lehman Brothers. This is another indication that big trouble is ahead.
The euro has been declining steadily because of the economic crisis in Greece. The European financial crisis intensifies, and the euro has all chances to continue sliding.
In the US, orders for durable goods have been decreasing for several months, which is a sign of a recession.
Oil prices are going down again along with prices on other goods. These are just a few warnings that indicate a deflationary economic slowdown.
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