Revelation 6:5,6 NCV When the Lamb opened the third seal, I heard the third living creature say, "Come!" I looked, and there before me was a black horse, and its rider held a pair of scales in his hand. Then I heard something that sounded like a voice coming from the middle of the four living creatures. The voice said, "A quart of wheat for a day's pay, and three quarts of barley for a day's pay, and do not damage the olive oil and wine!"
Mark Hulbert, Editor of the Hulbert Financial Digest, warns that another Great Depression could happen soon.
According to Hulbert, the stock market parallels the behavior of the stock market before the 1929 crash. A chart comparing today’s market to the market of 1928-29 is making its rounds around Wall Street, and experts are frightened by what they see.
“…the market over the past two months has continued to more or less closely follow the 1928-29 pattern outlined in that two-months-ago chart. If this correlation continues, the market faces a particularly rough period later this month and in early March,” Hulbert wrote in his analysis of the stock market.
Although the markets’ correlation is uncanny, Tom McClellan of the McClellan Market Report, mentioned “…there is no guarantee that the market has to continue following through with every step of the 1929 pattern…” However, McClellan does believe there is reason for caution between now and May 2014.