Black October Getting Blacker

Black October Getting Blacker by Martin D. Weiss, Ph.D.

Three weeks ago, on September 25, I sent you an email with the subject "Black October Dead Ahead."
In it, Mike Larson wrote: "October is the month that brought us the Crash of '29 and the Crash of '87 — single-day declines in the Dow that would be the equivalent to 1,400 and 2,500 points in today's market. And next Wednesday, a new killer Black October begins."
Then, just in case you missed that e-mail, we sent you a similar warning three times in Money and Markets and posted it prominently to our Website.
We implored you to get out of the market, and we recommended inverse investments that naturally explode in value when stocks crash.
Now, just twelve days into the month of October ...
We've seen the single worst week in the history of the Dow.
We have seen two of the three greatest one-day crashes in stock market history.
More than $8 trillion of stock market wealth has evaporated (since January).
And there's no end in sight.
With credit markets frozen and the global economy coming unglued, it's now very obvious that this is a secular bear market. And, according to Friday's Wall Street Journal,
"Secular bear markets can last for 14 years or longer, like the one from 1968 to 1982. Typically, such bear markets are accompanied by repeated economic disappointments, as excesses that developed during long periods of growth are unwound. That was true during the 1970s, and it seems to be the case now, although the underlying economic issues are different."
We hope they're wrong. We'd actually prefer to see the bear market strike more swiftly and end more swiftly. But in either scenario, unless you're absolutely fully prepared for what's to come, you need start taking immediate protective action — ideally as soon as Monday morning!
For urgent instructions, see the 1-hour video recording of the emergency Q&A Conference we just held Friday. It's available for immediate viewing right now. Just turn up your computer speakers and click here.
Good luck and God bless!
Martin
About Money and Markets
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Money and Markets (MaM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Tony Sagami, Nilus Mattive, Sean Brodrick, Larry Edelson, Michael Larson and Jack Crooks. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MaM, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MaM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amber Dakar, Dinesh Kalera, Christina Kern, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau and Leslie Underwood.
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