There is an unusually high amount of chatter on Wall Street surrounding the possibility of another major financial collapse in the making.
Before the collapse of mega behemoth Bear Stearns there were rumors that a major Wall Street firm had bitten off more than it could chew. Mainstream media, for the most part, completely ignored the rumors, with some financial experts like CNBC’s premier Wall Street insider Jim Cramer literally screaming at viewers on the March 11, 2008 airing of Mad Money in which he vehemently denied any problems saying that the company was “fine.”
Just a few days later Bear Stearns collapsed into heap of rubble and was offered up for sale at just $2 a share to JP Morgan Chase. This incident is widely believed to have been the catalyst that kicked off what we now refer to as the sub prime mortgage collapse.
In the last few months we’ve started receiving signals similar to what contrarian observers were seeing prior to the Bear Stearns collapse.
Now, a report from analysis firmBeacon Equity Research suggests that there is an unusually high amount of chatter on Wall Street surrounding the possibility of another major financial collapse in the making. When the Department of Homeland Security or other intelligence services hear chatter they often raise the terror alert level, deploy federal SWAT teams and go on complete lock-down.
Thus, we should consider this latest piece of intel from those with their fingers on the pulse of Wall Street as a potential game changer: