80% Stock Market Crash To Strike in 2016, Economist Warns
Several noted economists and distinguished investors are warning of a stock market crash.
Billionaire Carl Icahn, for example, recently raised a red flag on a national broadcast when he declared, “The public is walking into a trap again as they did in 2007.”
And the prophetic economist Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”
Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to “Sell Everything” because “in a crowded hall, the exit doors are small.”
Stocks like Apple, will plunge.
But there is one distinct warning that should send chills down your spine … that of James Dale Davidson. Davidson is the famed economist who correctly predicted the collapse of 1999 and 2007.
Davidson now warns, “There are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming – it’s already at our doorstep.”
And if Davidson calls for a 50% market correction, one should pay heed.
If all this worries you see the Below:
A massive stock market rally is at our doorstep, according to several noted economists and distinguished investors.
Larry Edelson, a Money and Markets editor, predicts: “The Dow Jones Industrial will lead the way higher and catapult to 31,000 over the next two years.”
Ron Baron, CEO of Baron Capital, thinks: “It’s going to be 30,000.”
Jeffrey A. Hirsch, editor-in-chief of the Stock Trader’s Almanac, believes it will go even higher: “The Dow Jones Industrial Average will surge to 38,820 in a ‘super boom’ beginning in 2017.”
However, Paul Mampilly’s “Dow 50,000” predication is really catching eyes, and one should pay heed — considering his past predictions have been spot-on.
Mampilly was thrust into the limelight when the hedge fund he managed was named by Barron’s as one of the “World’s Best.” But he became legendary when he won the prestigious Templeton Foundation investment competition by making a 76% return … during the 2008 and 2009 economic crisis (without shorting stocks or making risky investments).
Right now, Mampilly says: “Stocks are on the cusp of an historic surge. They could easily hit 50,000. It will be a bull market run that will dwarf the tech boom of the ‘90s. I’ve never been more certain of anything in my career.”