9 Ominous Signals Coming From The Financial Markets That We Have Not Seen In YearsMichael Snyder So many of the same patterns that we witnessed just prior to the bursting of the dotcom bubble and just prior to the 2008 financial crisis are repeating themselves again. Hopefully we still have at least a little bit more time before stocks completely crash, because when this market does implode it is going to be a doozy. The following are 9 ominous signals coming from the financial markets that we have not seen in years #1 By the time the markets closed on Monday, we had witnessed the biggest three day decline for U.S. stocks since 2011. #2 On Monday, the SP 500 moved below its 200-day moving average for the first time in about two years. The last time this happened after such an extended streak of success, the SP 500 ended up declining by a total of22 percent. #3 This week the put-call ratio actually moved higher than it was at any point during the collapse of Lehman Brothers in 2008. This is an indication that there is a tremendous amount of fear on Wall Street right now. #4 Everybody is watching the VIX at the moment. According to the Economic Policy Journal, the VIX has now risen to the highest level that it has been since the heart of the European debt crisis. This is another indicator that there is extraordinary fear on Wall Street US stock market volatility has jumped to the highest since the eurozone debt crisis, according to a closely watched index, the the CBOE Vix index of implied US share price volatility. Itjumped to 24.6 late on Monday and is up again this morning. On Thursday, it was as low as 15. Thats a very strong move, but things have been much worse. At height of the recent financial crisis the Vix index peaked at 80.1 in November 2008. Could we get there again? Yeah. #5 The price of oil is crashing. This also happened in 2008 just before the financial crisis erupted. At this point, the price of oil is now the lowest that it has been in more than two years. #6 As Chris Kimble has pointed out, the chart for the Dow has formed a Doji Star topping pattern. We also saw this happenin 2007. Could this be an indication that we are on the verge of another stock market crash similar to what happened in 2008? #7 Canadian stocks are actually doing even worse than U.S. stocks. At this point, Canadian stocks have already dropped more than 10 percent from the peak of the market. #8 European stocks have also had a very rough month. For example, German stocks have already dropped about 10 percent since July, and there are growing concerns about the overall health of the German economy. #9 The wealthy are hoarding cash and precious metals right now. In fact, one British news report stated that sales of gold bars to wealthy customers are up 243 percent so far this year. So what comes next? Some experts are saying that this is the perfect time to buy stocks at value prices. For example, USA Today published a story with the following headline on Tuesday: Time to buy the fear? One Wall Street pro says yes. Other experts, however, believe that this could represent a major turning point for the financial markets. Just consider what Abigail Doolittle recently told CNBC Technical strategist Abigail Doolittle is holding tight to her prediction of market doom ahead, asserting that a recent move in Wall Streets fear gauge is signaling the way. Doolittle, founder of Peak Theories Research, has made headlines lately suggesting a market correction worse than anyone thinks is ahead. The long-term possibility, she has said, is a 60 percent collapse for the SP 500. In early August, Doolittle was warning both of a looming super spike in the CBOE Volatility Index as well as a death cross in the 10-year Treasury note. The former referenced a sharp move higher in the VIX, while the latter used Wall Street lingo for an event that already occurred in which the fixed income benchmark saw its 50-day moving average cross below its 200-day trend line. Both, she said, served as indicators for trouble ahead. So what do you think? Are we about to witness a stock market crash and another major financial crisis? Or is this just another false alarm that will soon fade? Please feel free to share what you think by posting a comment below This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here. 