Stocks Will Collapse by 50% in 2014
It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.
“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it."
Unfortunately Spitznagel isn’t alone.
“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”
Faber doesn’t hesitate to put the blame squarely on President Obama’s big government policies and the Federal Reserve’s risky low-rate policies, which, he says, “penalize the income earners, the savers who save, your parents why should your parents be forced to speculate in stocks and in real estate and everything under the sun”
Billion-dollar investor Warren Buffett is rumored to be preparing for a crash as well.
In the end rising interest rates should trigger the valuation collapse - but charts may act ahead of events
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This is market timing, Buyer-Beware territory, particularly as we only fixed 2008 with just a massive currency printing.
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