THE 9/11 DECADE

"THE 9/11 DECADE" by David Chapman

THE 9/11 DECADE
by David Chapman 9/23/2011
http://www.bmgbullion.com/document/988
pdf - http://www.bmgbullion.com/doc_bin/9.23.11_TechnicalScoop_9_11Decade.pdf

"...One could go back further and find further evidence of financial collapses... ...What does appear to be consistent is that war, speculation, debt and financial chicanery (usually present in all periods of speculation) resulted in sovereign, banking and individual debt collapses...This time has been no different..."
"...But the process takes years and the 9/11 decade was probably only the beginning. This coming decade may be even more stressful as bankruptcy and war continue to dominate the headlines. History seems to suggest that the long-term down cycles are in full force and the worst may be yet to come.... -- David Chapman

When the airplanes struck the World Trade Center on September 11, 2001 (aka 9/11) the stock market had already been falling for over 18 months. The high tech/internet bubble of the 1990s had topped first with the Dow Jones Industrials (DJI) on January 14, 2000 followed by the NASDAQ on March 10 and the S&P 500 on March 24. By the close of September 10, 2001 the DJI was down 18 per cent, the NASDAQ had fallen an incredible 66 per cent and the S&P 500 was off 28 per cent from the highs of 2000. The markets re-opened on September 17, 2001 and after four more days of losses, the markets found a temporary rest on September 21. By that time the DJI was down 30 per cent, the S&P 500 was off 37 per cent and the NASDAQ 72 per cent from the highs of 2000. Fear gripped the markets just as it gripped the world on 9/11.