US EQUITY VOL EXPLODING… Richard Wolff – Markets ‘overdue for correction’

US EQUITY VOL EXPLODING pic.twitter.com/uhJrNfT0VO

— Alastair (@StockBoardAsset) October 29, 2018

Quarterly View of MSCI ALL WORLD — Turning Point seems to be here, but I do not think the big crash is yet. There needs to be a "last gasp moment," then reject hard & break "line from hell" (GANN). CB Intervention needed or big correction coming by 2020. Chart via Reuters Eikon pic.twitter.com/SswFI4OS1e

— Alastair (@StockBoardAsset) October 29, 2018

% Below 52-week High…$MCD: -3%$KO: -4%$PG: -5%$WMT: -9%$AAPL: -9%$BRKB: -11%$CSCO: -11%$V: -11%$MSFT: -11%$JPM: -12%$XOM: -14%$BA: -15%$BAC: -19%$GOOGL: -20%$HD: -20%$C: -20%$INTC: -21%$AMZN: -25%$IBM: -30%$NFLX: -33%$BABA: -34%$FB: -35%$TCEHY: -47%

— Charlie Bilello (@charliebilello) October 29, 2018

Here is an explanation of the difference between corrections and running corrections… if this is accurate WE NOT JOKING AT ALL RE 2200 target possibly in Nov for #ES_F pic.twitter.com/nEVOl2xAMB

— mcm-ct.com (@mcm_ct) October 29, 2018

The good news – corporations have $350 billion in stock buybacks still planned this year. The bad news – that's less than 1% of the total market capitalization of U.S. stocks, which is about $40 trillion, roughly 2.7 times its historical norm as a ratio to corporate revenues. pic.twitter.com/QSdlXJo2Mo

— John P. Hussman, Ph.D. (@hussmanjp) October 29, 2018

https://www.youtube.com/watch?v=7_7IPgdt55M

With markets in apparent decline, some analysts are worried that we are nearing market-correction or even full-scale recession. Economist Richard Wolff, founder of Democracy at Work, joins RT America’s Rick Sanchez to share his insights and expertise, arguing that Trump’s fiscal policies amount to “feathering his own nest” and will ultimately damage the economy.