Uh oh: Stock market is tracking just like 1929

On yesterday’s radio program, Glenn discussed a chart that shows remarkable parallels between the Dow Jones Industrial Average leading up to the 1929 crash and today. Tom DeMark, the founder and CEO of DeMark Analytics, discovered the trend found on the graph, and he joined Glenn on radio this morning to discuss what the eerie pattern could mean for the United States.

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“I want to bring on Tom DeMark, the CEO and founder of DeMark Analytics. This is the guy who just started to map 1928, 1929, then he laid over the last two years here, and he found something that is really quite disturbing. They are almost identical,” Glenn said. “If you chart the Dow and what it's doing in 1928 to 29 in the crash and what the Dow is doing now in the last two years, it show… if it continues to chart this way, it would show that our 1929 Depression-era crash happens in April.”

Tom explained that he has been in the investment business for almost 45 years, and he has always been considered overly optimistic. In the last five or six years, however, he has found himself more and more discouraged by the analytics he has seen.

“We try the measure supply and demand because that's what drives prices. There's a major component, which is sentiment, and extremes are met at highs and lows. There's extreme optimism or pessimism. So we try to measure those and incorporate them into fundamentals,” Tom said. “But what's happened in the last five years has been really troubling. What had worked in the past and seems to work globally - it works very well in the Far East, Middle East and our analysis there - but the domestic market here in the States is troubling.”

“It seems like there's an influence that seems to incite fear every time we approach what appears to be a top in the market,” he continued. “At bottoms, it works very well, but at top, there seems to be interference, and we don't know where it's coming from… It became common knowledge that it was the Central Banks… It's tough to adjust at the tops. With the bottoms, we are able to identify bottoms.”

The trend found in his latest graph was actually stumbled upon accidently. After tracking the 2008 crash against the stock market decline of the 1970s, he began looking into the stock market patterns of the last couple of years.

“So we're looking at the chart, and it is phenomenal,” Glenn said. “Am I reading this right… if they continue to chart the same, we have the October 1929 crash in April?”

“Well, we could have had it last week. There was a 10% chance that could happen. It probably won't and the market will rally and we have seen the rally now,” Tom said. “There's two scenarios currently: If the Dow Jones Average closes above 16,000 next Monday and Tuesday, then there's a chance yes, we could go down. And it could be something comparable to 1987. We're shifting things a little. Our two templates, 1929, 1987 are being adjusted. It's possible that could happen.

“We have to have a trigger. The trigger would be we'd have to decline on the S&P average below 1762,” he continued. “We have been using that for some time… It's so widely known right now, and we are a firm believer, that markets have bottomed because the last seller, figuratively speaking, has sold. We think a lot of people have sold based upon this comparison. So it may be premature right now, but it's going to happen.”

Watch the entire interview below:

Glenn Beck and The Nazarene Fund have been working tirelessly to evacuate Americans and our allies from Afghanistan, thanks to the U.S. government's failure to do so. But it's been far from easy. A recent Newsweek article, titled "Taliban Holds Up Glenn Beck Group's Planes," addressed some of the most recent challenges. The article claimed that six planes — filled with Americans and SIVs ready for takeoff — were "grounded by the Taliban amid negotiations with the U.S. State Department." So, what's actually going on? Why is the State Department meddling in the rescue? And what are the next steps to get these Americans home?

Watch the video clip below to hear Glenn breaks down the whole story:

UPDATE: Leaked Email Shows State Department STILL Blocking Afghanistan Rescue Flights


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Bill O'Reilly joined "The Glenn Beck Program" Friday to discuss a recent House Homeland Security Committee briefing on the impact of the 9/11 terror attacks, during which "national security experts" claimed "right-wing" groups pose a greater threat to the United States than groups like the Taliban or Al-Qaeda.

Glenn played two video clips from the briefing that showed Senior Fellow Brookings Institute Center for Middle East Policy, Daniel Byman, and former National Intelligence Council Chair during the Obama administration, Christopher Kojm, in apparent agreement that "right-wing extremists" are a bigger threat to Americans today than "jihadists."

"I'm someone who has written extensively on both jihadist groups, but also right-wing, white supremacist groups," Byman says in the first video clip. "And in my mind, there's no question that today in the United States, the right-wing and white supremacist violence is a much greater risk."

"I agree with your assessment and those of my colleagues who have spoken already, there's little doubt that the domestic terrorist threat from white nationalists and right-wing extremist groups is greater than the jihadist threat today," Kojm states in the second clip.

"Who are those idiots?" O'Reilly exclaimed. "It's just unbelievable ... they're not even in the same universe. Yeah, there are bad neo-Nazi Americans running around, yeah, but there are very few of them. I mean, the jihadists are causing death and destruction, death and destruction all over the world. Not just in the United States. These people are so blatantly irresponsible and ignorant, it's just staggering."

Watch the video clip below to catch more of the conversation:

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The Biden administration was recently caught lying about the White House dog, Major, and his history of biting Secret Service agents, according to newly released emails.

On "The Glenn Beck Radio Program," Glenn argued that, if the current administration is willing to lie about something so meaningless to the American people, what else are they willing to lie about? For instance, the State Department claims that there are only about 200 American citizens left in Afghanistan who want to be evacuated. But Glenn has heard very different reports from people on the ground. Is it safe to assume they're currently lying to us about all kinds of things — from the "new and improved" Taliban, to the number of Americans left behind in Afghanistan?

Watch the video clip below for more details:

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Tonight on "Glenn TV," Glenn Beck outlines everything that led up to the chaos in Kabul in a blow-by-blow takedown that SHOULD lead to massive resignations within the Biden administration and top military brass. Americans died. Americans are – TO THIS DAY – still stranded, and it is ALL on President Joe Biden.

Glenn interviews The Nazarene Fund's Rudy Atallah who gives an update on the total rescue numbers and details the obstacles he's had to overcome with the State Department. He explains why he believes they are thwarting private sector rescue efforts and says the numbers of Americans begging to be rescued are in the thousands — not hundreds — and "will exceed any number that has come out of Jen Psaki's mouth." While The Nazarene Fund rescue efforts continue in a more perilous Afghanistan, Rudy reveals another terrifying obstacle: Chinese and Russians resources deployed to assist the Taliban in rounding up church leaders, women, journalists, and lawyers who put terrorists away.

Glenn also interviews Tim Kennedy, an Afghanistan war veteran and president of Sheepdog Response who partnered with SaveOurAllies.org to sneak past the Taliban and bring thousands to safety. He details the moment the bomb went off when he was on the ground at the Kabul airport and addresses the Taliban kill list. "They will kill babies, execute women, and cut your tongue out. That's just the G-rated stuff."

Watch the full episode of "Glenn TV" below:


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