- Supervisors oppose 120-240 tons of bird flu carcasses in Polk County
- Iowa bird-flu farms fall short on containment measures
- Food Companies Fear Bird Flu May Cause Egg Shortages
- California drought prompting state to cut water for farmers with oldest rights
- Boy Scouts leader Robert Gates says ban on gay adults not sustainable
- U.S. vows to continue patrols after China warns spy plane
- Emails reportedly show confidant told Clinton Benghazi attack planned by fighters tied to Al Qaeda
- FBI used Patriot Act to obtain ‘large collections’ of Americans’ data, DoJ finds
- Spy agencies target mobile phones, app stores to implant spyware
Warning: Stocks Will Collapse by 50%
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. The “Warren Buffett Indicator,” also known as the “Total-Market-Cap to GDP Ratio,” is breaching sell-alert status and a collapse may happen at any moment.
So with an inevitable crash looming, what are Main Street investors to do?
One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.