The Stock Market Carnage That You Have Been Waiting For Is Here

by | May 10, 2022 | Headline News | 16 comments

Do you LOVE America?


    This article was originally published by Michael Snyder at The Economic Collapse Blog. 

    A lot of people out there have been waiting for this stock market bubble to implode for a really long time.  Well, the wait is now over.  Stock prices have been falling for months, but what we have witnessed within the past couple of weeks has been absolutely breathtaking.

    Trillions upon trillions of dollars worth of paper wealth has been suddenly wiped out, and many investors are panic selling in a desperate attempt to lock in profits before the market completely collapses.

    On Monday, the Dow lost another 600 points, but the really big news continues to be the staggering declines for both the S&P 500 and the Nasdaq

    The Dow Jones Industrial Average dropped 653.67 points to 32,245.70, or 1.99%. The S&P 500 fell 3.2% to settle at 3,991.24, while the Nasdaq Composite lost 4.29% to 11,623.25.

    It has been stunning to see these sorts of numbers day after day.

    One long-time market veteran actually used the word “violent” to describe what we have been witnessing…

    “I’ve been in the markets for 25 years and I’ve never seen anything like this,” said Danielle DiMartino Booth, CEO and chief strategist for Quill Intelligence, a Wall Street and Federal Reserve research firm. “It’s violent not just volatile.”

    Sadly, she is right on target.  Things have already gotten really crazy, but many believe that the most chaotic chapters of this market implosion are still ahead of us.

    The S&P 500 just dropped below 4,000 for the first time in more than a year, and I am already seeing people talk about what will happen when it falls to 3,000.

    As for the Nasdaq, it has already plummeted 27 percent from the all-time record high.

    Needless to say, that puts the Nasdaq well into bear market territory.

    Tech stocks were crushed once again to begin the week, with some of the biggest names leading the way

    Rising rates continued to crush technology names such as Meta Platforms and Alphabet, which lost 3.7% and 2.8%, respectively. Amazon, Apple and Netflix all fell more than 5%, 3% and 4%, respectively, while Tesla and Nvidia plunged more than 9% each.


    And check out these numbers for all of 2022 so far…

    Tesla: down 25 percent

    Disney: down 30 percent

    Amazon: down 34 percent

    Facebook: down 41 percent

    Uber: down 45 percent

    Snap: down 50 percent

    Netflix: down 71 percent

    Of course Palantir has them all beat

    Palantir Technologies, which went public in September 2020 via a direct listing amid enormous hype and hoopla, has now earned a much coveted spot in my Imploded Stocks column.

    Today, Palantir reported another huge loss, this time $101 million, on $446 million in revenues, bringing its total loss over the past four years, to $2.86 billion. Its revenue outlook for Q2 was below what Wall Street expected. Shares [PLTR] kathoomphed 22% so far today, and 84% from the peak in January 2021, to $7.40 a new all-time low.

    Investors are starting to figure out that trendy “tech companies” that regularly lose hundreds of millions of dollars are not actually good investments.

    Cryptocurrencies have been falling dramatically as well.

    Bitcoin and other cryptos were hammered really hard once again on Monday, and at this point, Bitcoin is down almost 55 percent from the all-time high…

    Bitcoin is off nearly 55% from its November peak, and 40% of holders are now underwater on their investments, according to new data from Glassnode.

    That percentage is even higher when you isolate for the short-term holders who got skin in the game in the last six months when the price of bitcoin peaked at around $69,000.

    Those that bought Bitcoin low and got out in time ended up making a killing.

    But those that got in at or near the top of the market and just kept holding on are going to get absolutely eviscerated.

    Of course that is how the market works.  You either eat or you get eaten.

    As for what is ahead, many of the experts are fearing the worst.  Here is just one example

    “We expect markets to remain volatile, with risks skewed to the downside as stagflation risks continue to increase,” wrote Barclays’ Maneesh Deshpande. “While we cannot discount sharp bear market rallies, we think upside is limited.”

    In the short-term, you would think that things should stabilize at some point.

    The fact that the Fed recklessly raised interest rates last week really shook a lot of people up, but that wave of panic should soon subside.

    The much bigger issue is the outlook for the U.S. economy moving forward.  Interestingly, even corporate media outlets are now adopting a very negative tone about what is coming…

    Inflation is at a 40-year high. Stock prices are sinking. The Federal Reserve is making borrowing much costlier. And the economy actually shrank in the first three months of this year.

    Is the United States at risk of enduring another recession, just two years after emerging from the last one?

    Even without another unexpected “trigger event”, the U.S. economy should get progressively worse throughout the remainder of 2022.

    But as I have detailed in my last couple of books, I believe that we have entered a time in history when unexpected “trigger events” will come fast and furious.

    Keep a close eye on the Middle East for the rest of this year, and we will all want to carefully watch how the global food crisis develops.

    When people don’t have enough food, violence tends to erupt.  We saw this during the Arab Spring of 2011, and we will undoubtedly see similar eruptions in the months ahead.

    Only this time around, the food shortages that we are facing threaten to develop into a long-term phenomenon.

    In all my years of writing, I have never been more concerned about what is in front of us.

    We have already been hit by crisis after crisis so far in 2022, but it looks like the second half of this year is going to be even crazier than the first half.

    ***It is finally here! Michael’s new book entitled “7 Year Apocalypse” is now available in paperback and for the Kindle on Amazon.***

    About the Author: My name is Michael and my brand new book entitled “7 Year Apocalypse” is now available on  In addition to my new book, I have written five other books that are available on including  “Lost Prophecies Of The Future Of America”“The Beginning Of The End”“Get Prepared Now”, and “Living A Life That Really Matters”. (#CommissionsEarned)  When you purchase any of these books you help to support the work that I am doing, and one way that you can really help is by sending digital copies as gifts through Amazon to family and friends.  Time is short, and I need help getting these warnings into the hands of as many people as possible.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help.  These are such troubled times, and people need hope.  John 3:16 tells us about the hope that God has given us through Jesus Christ: “For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.”  If you have not already done so, I strongly urge you to ask Jesus to be your Lord and Savior today.



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      1. s+p down over 15% this year and the Fed has yet to do harldy anything with food crises, higher gas perices and rising costs of all other things still to come. your 401k will surely be a 301K by September and maybe even a 201K and its not coming back anytime. those retirees that stll got plenty of years left are about to be in real trouble.

        • I’m fortunate I have a union pension. The biggest union in the world. Millions of still working essential people paying into it. However I still worry that a stock crash would probably cut it down a lot. There are lots of ways to make money, even if yer old. One trick ponies would be in trouble, me, never. Even if I became disabled, I could sell weed or do solar consulting.

          • One shouldn’t so much worry that he is getting or will get the money due to them from a pension or retirement plan. Rather, one should be more concerned that the money he/she is getting will have value in a few years. There is no shortage of money or digital currency. If fact, there is an abundance of it. In the Weimar Republic there was so much money they were wall papering the walls with it, money was literally burned in fireplaces. But it had no purchasing power. Venezuela had inflation of 2360% last year, Turkey’s money has lost half its value in the last year, there are several examples. Currently, there are more than a few countries dealing with ruinous inflation. There is a surplus of trillions and trillions of US dollars because of artificial demand around the world right now. China, Russia, Saudi Arabia, and even Japan and other countries are weaning away from the ever less valuable petrodollar. As they do so those dollars (both real and electronic) must come back come back home and can do nothing but depreciate. Combined with that, there has been “printed”, about 7 to 9 trillions dollars in the last 2 to 3 years. Inflation is here but only getting started. All this dollar surplus has to be digested and absorbed, a process of about a decade before value is stabilized. By then, the dollar will worth almost nothing. We aren’t talking about the millions or billions in inflation like in the 1970’s and early 80’s, we’re talking tens of trillions now.

            • I get extra funds from a teachers pension, and when the state goes broke and can’t pay or the dollar tanks and is worth nothing, I had already turned it into PMs, food and medicine storage, garden, my own independent transportation, and supplies, including my own power station, my own central bank, and have no debts. I can make shoes and sew clothes and cut my own firewood among other things in a post modern economic meltdown. I am sure Genius has figured all that out as well.

              • PM’s aren’t necessarily going to be of any real value, in fact there is reason to believe they will become useless at some point.

          • Union pensions can go broke too. Many already have, other have reduced peoples benefit. Some are doing both, reducing benefits and still going broke. Union pensions are not a for sure thing. Government Union pensions are in the biggest trouble, but Unions like the teamsters are also in trouble. Years of unreal promises and under-funding are catching up, and quickly with the stock market decline. Read those yearly statements your pension fund sends you very closely to see if your fund is in real trouble so you can adjust for less or no benefits in the future.

          • How will your pension payments do against inflation?

            Are they adjusted realistically and accordingly for it?

          • I’d check to see if the pension was fully funded and the extent to which it is exposed to the stock market.

            Even union jobs get axed in tough times, unless its a government job union.

            • I read the stuff last year when I started recieving it and it was very well funded. Some exposure to stocks but also a lot of other things. But like people said, inflation will kill it. And yes Woogie I have PM’s and everything else in place. I will manage unless we get invaded by foreign/domestic troops. I am eligible for SS next year too if it is still there. I can do what I can do, Not much else I can do.

      2. Unless the FED go Control P for Brrrrrrr this house of cards baby is going down but only the word is crash!

      3. Jump!

        • So far so good.

        • Might as well…

      4. 7 year tribulation ? No no no no …..
        Scripture states in 3 different places that it runs for 3.5 years.
        There is no mention of 7 years,not even in Revelation, which seems to have plenty of sevens for this n that.
        So,the 7 year tribulation teaching comes from where ?
        It has come from an imposter christian called sir robert anderson.This man was clearly a mason because he had been knighted.His disgraceful teaching on Dan 9 must surely come from the devil himself.
        Those who have eyes to see,hearts to understand will know what these Dan 9 verses realy mean.

      5. Good day people, I am a Nurse and yes everything is being affected. The healthcare system that I was working with decided to drop by pay by $5/hr. For example, instead of 60/hr they decided to drop it to 55/hr. This has never happened in the 16 years of nursing. Yes, the stock market is a joke funding businesses that are own by corrupt corporations given us a fraction of the pie. All an illusion people. When you see everyone going in the same direction, then we must go in another direction. The blind is truly leading the blind even in healthcare. You can find me on Amazon, because I just release a short book about covid and the healthcare system, I tried to add the word covid under ebay when trying to published it, I wasn’t allowed so I took the word covid out. El-Elohe will bless us when we open our hearts up and let HIM in.

      6. “AMAZON down 34%” LOL

        Amazon products shipped to me: 31.8% destroyed/replaced/refunded.

        I recently started buying bulk spices/sauces on there for decent prices. All food is non-returnable. I made a bad review of a shipment that PO’d someone because I went through a two month period where I received items that were obviously tampered with and therefore no good. I persisted with CS and every thin dime was replaced.

        The several people I know who are preppers do not spend a lot on flavoring. Salt/pepper seems to be all. I’ve been practicing with no running water, low electricity, living off the storage, shopping only weekly sale items for over five years.

        Eat the newest beans first and enjoy them. When you get to the 20yo beans, you’ll be happy your belly is full. And for goodness sake, stock up on flavors! I do about 20% overall.

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