The Stock Market… (IS THIS THE BIG ONE?) By Gregory Mannarino

The Stock Market… (IS THIS THE BIG ONE?)
By Gregory Mannarino TradersChoice.net

Over the past several weeks the US stock market has suffered substantial losses. There is not a single day which has gone by over the last few weeks that I have not gotten bombarded with a single question, “Greg, Is This the Big Stock Market Crash?”
My answer has invariably been NO, THIS IS NOT THE BIG ONE.
So how am I able to say with a high level of certainty that this is not the big stock market crash that everyone is waiting for? My answer is based upon directly observing the number one driver of the stock market, which is the debt market. (The debt market includes the US dollar, which is in and of itself a unit of debt).
Today the stock markets of the world have become nothing but a side effect of debt market action. What I mean by a “side effect” is this: The price action in the stock market is being 100% dictated by debt market manipulation/rigging by central banks-and they are not done yet IMO.
*(What is exacerbating the issue of debt market manipulation/currency devaluation is world leaders. World leaders, some of whom are calling directly on their respective central bank to lower rates- (which allows their central bank to inflate further and therefore become more powerful).
*POINT OF INTEREST. There is NOTHING on Earth which makes a central bank happier than hearing a world leader call for lower rates, as it allows the respective central bank to fulfill its goal. The goal of every central bank is the same- TO ISSUE MORE OF THEIR PRODUCT, WHICH IS DEBT, TO THE WORLD AND PUBLIC.
(So, the next time you hear a world leader call for, or even possibly demand, that their central bank lower rates, realize that you are being played. Make NO MISTAKE! That world leader, (whomever he or she may be), calling for lower rates, IS working to empower their central bank).
What today is the single pillar which has kept the stock markets of the world propped up is just one thing, VAST debt expansion, artificially suppressed rates, and as a result- massive currency devaluation.
Understanding that today there has never been a greater gap between the economy and the stock market, is there a common denominator?
The answer is yes. There is a common denominator.
The mechanism of artificially suppressed rates, which is a destroyer of currency purchasing power, has been a wrecking machine for the economy and middle class… meanwhile it is this same mechanism which has been, up until now, pushing the stock market higher. This common denominator is responsible for the greatest, and largest, transfer of wealth in world history. Wealth being stolen right from the economy itself, and the middle class, and “transferred” right up to the one and two percenters.
I have no doubt at this time that we will be getting lower rates here in the US. This mechanism, regardless of what happens to the economy, jobs, joblessness, small business failures, rising cost of living, etc. has the potential to cause an even greater disconnect between the economy/middle class and the stock market.