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With more than 40% of stocks in the S&P 500 down at least 20%, Morgan Stanley (NYSE: MS) warns that we are in a bear market.
"While 2018 is clearly not a year of recession, the market is speaking loudly that bad news is coming," Morgan Stanley equity strategist Michael Wilson said in a report to clients on Nov. 19.
"Not only does the price action this year suggest we are in the midst of a bear market - more than 40% of the stocks in the S&P 500 are down at least 20% - but it also trades like a bear market" the same report warned.
You see, the Dow falling 500 points in a day and tech stocks plummeting are just a taste of how bad things could get...
The greatest economic crisis in 75 years could change everything.
It will drive millions of seniors to the brink of bankruptcy and dependency. And beyond.
Trillions of dollars in home mortgages, auto loans, and credit cards granted to struggling pensioners will default. The companies behind these loans will stumble and fall.
Corporate revenue and earnings will plunge - first, as seniors stop spending and secondly, as millions of younger consumers and investors read the writing on the wall and run for cover.
Stock prices will implode. The bond market will crash and burn... interest rates will skyrocket... the entire economy will grind to a virtual standstill.
Just like it did back in 1929.
Time Is Almost Up: The greatest economic catastrophe is about to blindside investors - find out everything you need to know to weather this market storm. Click here now...
And believe it or not, that's actually the most optimistic view you're likely to see from any serious analyst at this point.
The news is shocking, to say the least. For the second time in 18 years, the incompetent and corrupt fools who run some of America's largest financial institutions are only a few weeks away from bringing the U.S. economy to its knees.
They have conspired with Washington legislators and regulators to sentence the entire U.S. economy to a crisis of almost biblical proportions.
Once again, they have lit the fuse on a financial disaster that will cost everyday people trillions of dollars.
This time though, it's America's estimated 70,000 pension funds that could be at risk...
WARNING: Catastrophe Ahead to Affect 176 Million U.S. Investors
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As of the end of last year - 2017 - U.S. pension fund assets were $25.19 trillion, or roughly two times the size of the shadow-banking funding we've just mentioned.
Our greatest national nightmare has already begun.
U.S. pension plans are already defaulting left and right... they're breaking the promises they made to current and future retirees.
So, many of this nation's 31 million pensioners are already having their monthly income cut by up to 90% and even more in some cases.
This coming market crash is going to plunge even the hottest stocks on Wall Street by 50%, cratering companies in a matter of minutes.
Millions of Americans will go nearly bankrupt, including YOU... unless you take these few simple steps now to protect yourself.
You need to access all the details right here.