Monday, July 20, 2015

The Financial Crisis of 2015 was predicted in 2011 to start in Singapore.

There was an interesting article entitled "The Financial Crisis of 2015 - An Avoidable History" was published on Jan 31, 2011.

What I find interesting about this is that Mr Wyman predicted a very specific place (Singapore) and date (April 26, 2015) for this to begin. "John Banks was woken by his phone at 3am on Sunday, April 26, 2015. John worked for Garland Brothers, a formerly British bank that had relocated its headquarters to Singapore in late 2011."

The STI (Strait Times Index) is the index for the stock market in Singapore.  It reached an all-time high on 10/11/2007 when it reached 3876, which it has never exceeded since.  The 2nd all-time high occurred on April 15, 2015, when it reached 3540.  Wow, that's pretty close.

The FTSE 100 index from London reached an all-time high of 7103.98 on April 27, 2015, within one day of the prediction.

Some other highs:
DAX (German) index reached its high on April 10, 2015 of 11,680.
Dow Jones Industrial Average reached its all-time high on May 19, 2015 at 18,312
SP 500 reached its high on May 21, 2015 at 2130
Shanghai SE Composite Index on June 5, 2015 of 5023
Russell 2000 index on June 23, 2015 of 1295.
Hang Seng (Hong Kong) Index on on June 24, 2015 of 27,405
Nikkei 225 (Tokyo) reached 20,868 on June 24, 2015.  The last time it was higher than this was in 1996.

Now it is possible that new highs could be reached.  But it appears that for this business cycle, the stock market highs have already been reached. 

Update: The NASDAQ Composite Index (XIC) just reached its all-time high on Friday July 17, of 5210.  So maybe the boom is still continuing, and the Dow and SP500 will follow. Something to watch.

Update2: The NASDAQ closed at 5218 on July 20. But this appears to be the high.


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