Stocks about to plunge?

If you want deeper background into why the entire financial system is screwed, here's Nomi Prins, a former quant (super math geek) at Lehman Brothers and Goldman Sachs, explaining it fairly quickly.  As a rule, I don't embed RT (Russian Television) clips, and with today's Trump/Putin fiasco, I hate to use it.  But all of her other talks are really long.  She explains this better than anyone right now, and this is the shorted version I could find.

Two things have been holding the stock market up from a major collapse after the DOW's January peak this year:  The "FANG" stocks (Facebook, Apple, Amazon, Netflix, Google- officially called Alphabet now), and corporations buying back their own stocks with money they got largely form the Trump "tax cut" (corporate welfare).  Basically, things should have gone into a really big downturn back in early February in the stock market.  But these few tech stocks, nearly all by themselves, kept going up, and made the stock markets look much better than they actually were. 

But in this CNBC article today, Facebook, Alphabet (Google), and Netflix had big issues today, which is the F, A, and G in FAANG stocks, and shares headed lower.  Now, if these few stocks that have been going up big this year peak and turn down, major investors don't have very many other good options of where to put lots of money.  And that could be the straw that breaks the camel's back that so many of us have predicted.  It could finally send tech stocks quite a bit lower, and that will likely further reduce major investor confidence in the stock markets in general, which could send it into a serious bear market, and send us into the long overdue Next Great Recession, which is primed to happen.  We'll see what happens tomorrow. 

Watch Germany's Deutsche Bank as well, it's floundering and will likely be a domino in the financial crash we've been teetering on the brink of for more than a year now.