Market technician’s bold prediction: Current stock market rally is ‘the bubble to end all bubbles’

According to the Wall Street Journal, it may be “the bearish call to end all bearish calls.” United-ICAP chief market technician Walter Zimmerman believes 2014 will be the year of “major reversals,” with the Dow Jones Industrial Average beginning a two-year decline that could cause a dip to below 5,000.

“[This is] a guy who we used to talk to a lot at Fox,” Glenn said of Zimmerman on radio this morning. “He would come on the air with us just to do technical stuff. And he would say, ‘Glenn, you are a little extreme on what you are willing to say on the air… I see the same direction, but I'm not really sure that it's as bad as you think it is.’ This is the guy who has just made this call: I believe that the Dow Jones is going to start a two-year decline which could eventually take it down more than 70%.”

In a letter to his clients, Zimmerman predicted the Dow could very well rally another 4% or so – reaching a high of around 17,150 – before the great reversal begins.

“Based on our longer-term time cycles the present stock market rally must be considered the bubble to end all bubbles,” Zimmerman wrote.

“The Dow Jones hasn't seen those levels since 1995. If the Dow does this, it's going to wipe out the savings pretty much of everybody who is elderly,” Glenn said. “I mean what's going to happen? You have saved your money. You put it in stocks. What's going to happen to you now?”

While Social Security was supposed to offer a safety net of sorts for senior citizens, Glenn questioned what people would be left with if the stock market crashes and the U.S. dollar is completely devalued.

“The reason why we have Social Security is because we were told that the stock market is so unstable… So you have to have the government to stand in,” Glenn concluded. “Well, what happens when the dollar has been so devalued by our government? Now nothing is worth anything.”

Front page image courtesy of the AP

Presidential candidate Sen. Bernie Sanders (I-Vt.) may say he's all about advocating for the common good, but during his more than 30 years in "public service," the socialist senator has been more adept at promoting his own bottom line.

Investigative journalist and best-selling author, Peter Schweizer, joined Glenn Beck in the studio Friday to discuss his new book, "Profiles in Corruption: Abuse of Power by America's Political Elite," and to break downs how Sanders has become the very model of the corrupt socialist leader who becomes wealthy at the expense of the citizens they are elected to serve.

"It's a major problem for Bernie Sanders," Schweizer said. "He's turned socialism into a profession that has generated a lot of money to his family."

"Isn't that what always happens?" Glenn asked. "I mean, everybody in charge of a socialist country, they walk away with billions, in some cases, and the people are left starving."

"Yes, that's exactly right," agreed Schweizer. "It is a racket for Bernie Sanders. And the sort of austere image that he presents —kind of the John the Baptist of the progressive movement — it's simply not true."

Watch the video below for more details:


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By now you've probably heard all about former Vice President Joe Biden's alleged corruption in Ukraine with his son, Hunter, and the Ukrainian energy company, Burisma. But as it turns out, the Biden family's dubious dealings weren't limited to Ukraine, but extended to China as well.

In this clip, Glenn Beck explains Hunter Biden's four primary "problems" in China, including partnering with criminals, working with Chinese companies accused of stealing and spying on the U.S. military, as well as some very sketchy investments.

Watch the video below for more details:

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Bill O'Reilly joined the "Glenn Beck Radio Program" on Friday for his weekly take on the 2020 presidential race.

O'Reilly emphasized what a dangerous candidate socialist Sen. Bernie Sanders (I-Vt.) really is, and how the media is working to mislead voters by depicting other Democratic candidates, such as former South Bend, Indiana, Mayor Pete Buttigieg, as "moderate."

"The Democratic Party has been hijacked -- and this is no breaking news -- by the progressive left. Which is now being enabled by the national media," said O'Reilly.

"Bernie Sanders is a dangerous man. In any sane time, media time, that would be clear to everybody. But it's not," he added. "It's like, 'Oh, there's uncle Bernie and he just wants to give stuff away. What a great guy.' [He's] not a great guy, all right? He's a totalitarian. He'll take your freedom, in every area, away. Every area. There isn't one area, that Bernie Sanders wouldn't intrude upon, in your personal freedom. Yet, that's not reported. You don't know it unless you pay attention. It's all a bunch of dishonest blather that has obliterated the so-called moderate Democrat. And there are millions of those people. They don't know what to do because they have no voice in the media."

Glenn pointed out that the media has been "trying to make Pete Buttigieg into a moderate" ever since his strong showing in the Iowa caucuses last week.

"So, Pete Buttigieg: Harvard grad. Rhodes Scholar. Brilliant man, he is brilliant. Great speaker. Almost as good as Beck and I. Not quite, but almost," O'Reilly said. "He's only 38, all right? So, the guy goes out and runs for president after being the mayor of South Bend, Indiana, for eight years, and almost destroying that city. The city is in chaos, yet he's re-elected with 80% of the vote the second time. That's what a good BS'er Pete Buttigieg is.

The two went on to break down Buttegieg's radical policy plans on immigration, abortion, gun control, and more.

Watch the video below to catch more of the conversation:

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On the radio program Thursday, Glenn Beck and his chief researcher, Jason Buttrill, have uncovered new evidence that suggests the coronavirus death toll numbers coming from China are grossly inaccurate.

After vetting several deep-fake videos circulating on social media, Jason unearthed shocking whistleblower-videos released by citizens of the communist state that show entire warehouses filled with body bags, along with other atrocities.

Jason and Glenn break down the real numbers and discuss the possibilities of the outbreak coming to America. Watch the video below for more details:

Don't miss next Wednesday's TV special on the coronavirus in its new time slot at 9PM ET.

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