Why Is The Mainstream Media Signaling That A Much Larger Stock Market Decline Is Coming?
Why would the mainstream media want all of us to believe that stock prices are about to fall dramatically? Just like we witnessed earlier this year at the beginning of the pandemic, the corporate media is full of reports that seem to imply that it is a virtual certainty that stock prices are going to go even lower. Of course it would make perfect sense for stock prices to go down because they are incredibly overvalued right now, but normally the mainstream media does not try to tell us where stock prices are going next. And the fact that so many news outlets are repeating the same mantra right now is particularly troublesome.
Without a doubt, the momentum of stock prices is taking us in a downward direction at the moment. All of the major stock indexes have posted declines for three weeks in a row, and it looks like this week could make it four.
As I write this article, the Dow Jones Industrial Average is down 4.5 percent for the month, the S&P 500 is down over 6 percent, and the Nasdaq has fallen about 8.5 percent. Overall, the market is on pace for the worst September in 18 years, but the corporate-controlled media seems convinced that things are going to get even worse. For example, the following comes from a CNBC article entitled “Stock sell-off accelerates and is expected to get worse before it gets better”…
Stock investors focused on new worries about the coronavirus and economy, selling into a market Monday that was already technically shaken and set for further declines.
I looked for evidence that would back up the assertion that the market is “set for further declines” in the remainder of that article, but I didn’t see any.
Without a doubt, I definitely agree that stock prices have a long, long way to fall, but there is no reason why they couldn’t bounce back for the rest of this week.
So it seems odd that CNBC would be so dogmatic.
And USA Today just posted an article that suggested that we are facing “a looming global financial crisis”…
“Massive fiscal and monetary policy stimulus” that came together to prop up the economy has caused debt to balloon and stocks to become potentially overvalued, posing “the serious risk of a looming global financial crisis as central banks begin to shift away from easy (monetary) policy at some point in the years to come.”