Cyclical analyst Bo Polny of Gold 2020 Forecast utilizes advanced mathematical formulas and years of cyclical analysis to make forecasts about global stock markets.
In late July he noted that U.S. stock markets had hit a top and that investors should prepare for a rapid down-move in the Dow Jones and other indexes. As we now know, that prediction has come to pass.
But while many on Wall Street panicked, Polny noted that the crash was not yet imminent and that the month of September would be relatively calm, with no major moves up or down forecast to occur. Once again, his analysis proved accurate.
But that calm may soon be over. In a recent interview he warns that we could now be on the brink of a major market meltdown and it could start this week. The eventual result, according to Polny, could lead to a crash so massive that over 70% of market value could be wiped out.
Full must-watch interview with Bo Polny:
The forecast was specifically that yesterday, the 13th [of October], to be out of all positions and go short… the inflection point in the stock market and world markets, and the dollar, should have occurred on the 13th.
Now we’re expecting the next leg down…
What we’re forecasting now is that the lows of August are all going to break. They could break in the month of October, but we believe they will break, no problem, into November.
We expect November to be a complete meltdown on the U.S. and world markets.