- UN launches probe into alleged Israeli crimes in Gaza after 650 deaths
- European airlines extend Ben-Gurion flights ban as Israel mulls diverting plans to Eilat
- Month of PLA drills disrupts skies over eastern China
- Netanyahu said to have offered Lewinsky tapes for Pollard
- MH17 crash: Ukraine rebel commander acknowledges fighters had BUK missile system
- Jewish groups praise Obama on LGBT worker rights expansion
- Rep. Jordan to IRS on Lost Emails: ‘You Guys Were Never Going to Tell Us Until We Caught You’
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.