In late-September I posted a blog about man's seasonal insanity that highlighted how our species tends to suffer mass panics during the autumn. This blog was drawn from the work of Chris Carolan who discovered the pattern and published an award-winning paper on the subject, Autumn Panics: A Calendar Phenomenon, in 1998. This is relevant at the current juncture in that Carolan is noting that the same pattern in 1929 and 1987 appears to be repeating in 2012 one lunar cycle later than occurred in the previous years of major stock market crashes:
Here's a more recent chart highlighting the parallel pattern between the 1987 stock market crash and what is unfolding in this year:
The emerging pattern seems to indicate a crash into, or at least around the time of, the total solar eclipse on November 13th this year. This is analogous to the 1929 stock market crash into a solar eclipse on November 1st of that year. (In 1987, the solar eclipse preceded the crash on September 23rd of that year.)
The problem, as I've long been warning, is that the potential scale of an autumn panic this time around is far greater than what was experienced in 1929 and 1987. Robert Prechter, the "Elliott Wave Theorist", has for some time been warning that based upon the fractal-based Elliott Wave pattern, the stock market might be headed for a collapse of epic proportions. Indeed, the long-term chart pattern suggests we just entered what I've dubbed the "Apocalypse Wave" which could involve a 99%+ drop in stock prices:
So does this mean that major stock market crash is about to unfold? If so, why?
This is what I believe God forewarned me about when I suffered an apocalyptic vision in February 1991.
The DJIA just broke decisively below the psychologically important 13000 mark. As noted in my prior blogs, in years past when the DJIA has broken below key thousand mark psychological barriers major historical shocks have erupted such as the 1973 Yom Kippur Arab-Israeli War, Iraq's 1990 invasion of Kuwait and 9/11:
Similarly, is a major historical shock about to erupt at the current historical juncture? Will this shock come in the form of what I foresaw in February 1991, i.e., a third world war that begins with a chemical SCUD missile attack on Israel? Such a potential crisis certainly seems possible at the current juncture given recent news out of the Middle East of a flare-up in the Golan Heights between Syria and Israel as the insurgency in Syria seems to be spreading beyond that nation's borders:
Three Syrian mortar shells struck in and around an Israeli village on the Golan Heights Thursday, marking a significant deterioration of security conditions along the border.
One shell fell in between homes in Moshav Alonei Habashan, but did not explode. Two more hit closer to the border.
“We believe these are stray shells, fired in the midst of internal Syrian fighting,” an IDF spokeswoman said.
No one was injured in the incident, which follows other stray shootings, including Syrian bullets that struck an IDF jeep on patrol last week.
Home Front Defense Minister Avi Dichter said Israel needed “nerves of steel” to deal with the instability in Syria.
Then, of course, there's the possibility that Israel is planning to strike Iran's nuclear sites around the time of the 11/13 new moon/solar eclipse:
God have mercy on our souls...