WEB Notes: I do not think people will go insane when the market hits 15k. That will be the point when it starts to grab their attention. So far, people in my circles are not talking much if at all about the market right now. I am sure they see it and hear about it, but it is not something they want to bring to their mind right now. People always have a hard time dealing with catastrophes and want to put it off until it is far too late.
Source: Economic Collapse Blog | Those that watched their stocks steadily increase in value for years are now seeing all of that “wealth” disappear at a staggering pace. The only way you actually make money in the stock market is if you get out in time, and many Americans are discovering that all or most of their gains have already been wiped out. At this point, the Dow Jones Industrial Average has dipped below where it was at the end of the 2013 calendar year. That means that nearly two years of gains have already been obliterated. On Friday, the Dow was down another 272 points, and it is now down more than 2200 points from the peak of the market back in May. For months, I have been detailing how things were setting up for this kind of financial crash in textbook fashion, and now events are playing out just as I warned. But this is just the beginning – what is coming next is going to shock the world.