In the video below financial expert Gregory Mannarino explains why October looks terrifying to the economy as there is a very high probability that the sell-off in stocks will continue and devastate the the economy.
Before watching the video, keep in mind the latest news about the stock sell-off, starting with Business Insider which reminded readers on September 30th that stocks have been in the red in six of the last seven trading sessions.
The Free Beacon reported on September 26:
Taxpayers are expected to lose $10 billion on the GM bailout, as the Treasury Department begins to sell off its remaining 101.3 million shares.
GM’s stock would have needed to double to more than $70 per share, in order for taxpayers to recuperate the $49.5 billion bailout that was sold to the taxpayers as a winning investment. The stock, however, has never risen above $38 since the company emerged from bankruptcy in November 2010.
September 30, via Money News, shows billionaires are dumping stocks.
The examples continue from multiple sources, all confirming what Mannarino discusses in the video below.
Cross posted at Before It's News
