So far as I know, Bill Holter is not a prophet. He could be wrong. He might be over-reacting.
But he’s no idiot, he’s well-informed and he’s been studying markets for years.
His opinion deserves your consideration.
I’m posting this video at about 11:55 PM (CST) on Sunday night. If the Dow continues its decline tomorrow (Monday) and/or Tuesday, and if the Dow falls by at least another 400 points by next Friday (January 22nd), it’ll be evidence that Holter may be roughly correct in claiming that the “Collapse Is [already] Here”.
More, Holter’s warning is based on the idea that world markets are falling–not just those in the US. Therefore, we’ll not only be watching the Dow this week, we’ll also be watching the Chinese and European markets. If markets, globally, continue to fall this week, that’ll support Holter’s warning of a major, global, economic collapse.
On the other hand, if The Powers That Be can push the Dow (and foreign markets) upward Monday, Tuesday and over next week, then that would be evidence that Holter’s prediction is premature. In that case, the “collapse” would still be coming, but it might be several weeks, months or even years before the economy really hits the fan.
Note that Holter is not predicting an instantaneous “collapse” wherein the whole economy stops running as if somebody hit the “off” switch. Holter is saying that the collapse “process” has begun in the sense that the first snowballs in what will later become an avalanche are starting to roll down hill. The collapse has started in a way that can’t be reversed, but it’ll probably be something like a slow-motion movie of an avalanche. It could be months or years before the “avalanche” starts moving at full speed and then hits bottom.
Even if Holter’s warning is premature, I give him credit for daring to make this prediction right now. He’s taking a chance on appearing to be a darn fool. He could be wrong, but he’s still seen something that convinces him that the onset of the collapse has already happened or, at least, is close.
We are not yet in a state of panic. However, the first two weeks of A.D. 2016 have resulted in global market declines. If we get a third bad week (this week) and even a fourth bad week (next week), we could see the onset of a global panic as early as the 1st of February..