skip to content »

Words ending dating

A bigger mini-panic was sparked in 1998 with the Russian financial crisis.This resulted in huge liquidity injections into the financial system to prevent a collapse, leading directly to the bubble that culminated in 2000 leading to the High-Tech/Internet collapse of 2000–2002.

Following a correction now for wave 4 we should then have one more run-up to new highs.No, there was not a financial panic in 2007, but the genesis of the financial panic of 2008 was sown in 2007 in July with the collapse of some hedge funds managed by Bear Stearns because of collateralized sub-prime mortgage loans. In 2008, the financial panic saw markets fall over 50%.An interesting side note to the above panics dating from the 19th through to the 21st century was the famous tulip mania panic which ended in 1637 after four years of sharply rising tulip prices.But there is strong tendency for the markets to react negatively in years ending in seven.Given our history of panics, crashes, and financial crisis in years ending in seven the seasonality of years ending in seven does not seem to be much of a surprise. But if the tale of the tape is correct, expect a market sell-off that could take us into October/November before we find a low. If our wave count is correct, this should only be a minor wave 4 up from the February 2016 low.Panics and crashes are words that could easily be associated with years ending in seven.

Gold too seems to respond to years ending in seven. So far, every year ending in seven since the 1970s has seen gold make a 20% or more move up or down.

We presume it would get underway with an easing of world tensions and the madmen not blowing each other (and us) to smithereens. Once the fifth wave is complete, however, a major bear market could well get underway. Source: normal correction now could take us down to at least 21,165 or the uptrend line from the February 2016 low currently near 20,750.

A worst-case scenario could drop us to 19,525, the Fibonacci 61.8% retracement level of the move from the November 2016 low to the recent top. We also note that this is the first year of the Presidential cycle and the first year tends to be the weakest in the four-year Presidential cycle.

There was also a panic in 1797 after the collapse of a land speculation bubble in 1796.

Numerous merchant firms collapsed in both the US and Britain.

The panic was triggered by a collapse of speculative lending, the bursting of a land bubble, and a collapse in cotton prices. A major trust company collapsed which triggered a series of bankruptcies. The Panic of 1907 was also known as the Banker's Panic or the Knickerbocker Crisis. It was started by a failed attempt to corner the market by the United Copper Company. Morgan who led bankers to shore up the financial system.