Earlier this year, when the health crisis started to spread on American grounds, corporate media started to release one report after the other about an incoming crash in stock prices. Now, they're doing it again. This time around, the difference is that many media outlets are reasoning the same mantra: the downfall is near. They seem to have a virtual certainty that price evaluations won't be sustained for any longer and by the end of next week, the financial scenery can turn upside down. Not long ago, the news was focusing on praising the market rebound after the huge tech stock sell-off, and then suddenly, it decided to shift its focus, leaving us wondering why would the mainstream media want all of us to believe that a financial crash is at the door? It goes without saying that prices are dramatically overvalued. For the past three weeks stock prices either flatlined or taken the downward direction, and all of the major stock indexes have recorded sharp declines for three weeks in a row, and it seems this week will make it four. Up-to-date, the Dow Jones Industrial Average went down 4.5 percent this month, the S&P 500 went down over 6 percent, and the Nasdaq declined about 8.5 percent. Essentially, the market is experiencing the worst September in 18 years, but the corporate-led media is signaling that things are going to get even worse.
Additionally, it reported that Deutsche Bank economists consider that a policy shift may arrive sooner than we thought, explaining that "financial crises have often been touched off in the past under such conditions by the inevitable shift from policy ease to policy tightening, which is likely still at least several years away, but could surprise sooner". Once again, we definitely agree that a global financial crisis could emerge at any time, but we don't typically see a corporate-controlled news outlet alerting for a "looming" stock market collapse.
All things considered, and with signals coming from many different sources, the financial abyss seems to be at the corner. As the remaining 90% are struggling to stay afloat and barely having conditions to properly evaluate the situation, they're probably going to be pushed to the edge without even noticing. In the meantime, the wealthy 1% has already managed to secure themselves and dump whatever stocks they don't feel confident about, leaving the consequences of the volatility of such stocks to be taken care of by the unsuspecting others.