The August publication of the Daily Chronology of Global Markets and World Economics 2015-08 is available through Amazon (AMZN). The month of August is epic where global markets, led by a crash in Chinese stocks, fall down the rabbit hole finally receiving a -10% correction for the major indexes. Many stocks are down between -10% and -40% off their tops. The chronology explains the exciting daily events around the market collapse and the events that led up to the big selloff in the stock market. No other publication exists that describes the market top and rollover like the chronology.
The Federal Reserve decision to hike, or not hike, rates is 9/17/15 and will be an epic day in market history. Global central bankers continue pumping stocks higher especially the ECB and PBOC. The PBOC is trying to stop the stock market crash in China but stocks continue leaking lower. Average Chinese citizens have placed their life savings in stocks chasing the parabolic rise and are now receiving their heads on a platter; many have lost their entire life savings. In the States, Ma and Pa listened to television pundits that said to buy the market and invest in dividend stocks and they have lost -15% of their capital over the last month. The chronology records the prognostications by Wall Street pundits so history can not be rewritten in the future.
The Middle East remains in chaos with the US reacting to events without any cohesive plan or foreign policy in place. The Holy War waged by ISIS Islamist radicals against Christians and Jews continues. Social unrest and wars continue around the world. Ukraine fighting is ongoing despite the ceasefire. ISIS Islamist radicals are performing genocide against Christians and Jews while the world looks on. Turkey joins the fight against ISIS but at the same time Turkish troops are fighting Syrian Kurds, and visa versa (both are fighting ISIS but also fighting each other). Russia is exapnding its military prescense in Syria.
The migrant crisis of refugees from the Middle East and northern Africa is the largest mass human migration since WW II. Hungary is a poor nation unable to deal with the daily influx of thousands of refugees. Terrorists may be blending in with the migrants to easily pass through countries and wage a future heinous act.
The chronology records economic history in real time preventing revisionist tampering in future years. Many of the same asset managers telling everyone to go long the market in 2007-2008 are repeating the same mantra these days. Most managers are maintaining SPX targets this year at 2200, 2300 and higher even after the selloff. Their quotes and words are recorded. Perhaps they are correct with their market cheer leading; perhaps they are not. If a multi-year top has printed, the chronology serves as the most accurate accounting of the stock market topping process. The chronology is the most reliable and easy to understand source explaining global markets.
As always, all monthly publications of the Daily Chronology of Global Markets and World Economics are available from the links in the left margin or simply searching on Amazon. The monthly publication contains updated information not posted on the web site as well as clarifications and refinements to the daily blog text.
We are living through historic stock market and economic times. The daily chronology is the most accurate accounting on how the recent stock market top formed in real-time. The monthly publications are compatible with most electronic devices and include an extensive Business Acronym List and Ticker Symbol List. The Acronym List is the most comprehensive business-related acronym list available on the internet. The chronology is not available in hard copy and only distributed around the world electronically. Proceeds aid the KE Stone series of blogs.
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