Investment analyst and stock market guru Mark Mobius has been in the business a long time. At 81-years-old, the market analyst says that a huge stock market correction is coming and it’s going to cause a crash and be painful for everyone.
According to Mobius, the former executive chairman at Templeton Emerging Markets, all the indicators now point to a great fall in the S&P 500 and the Dow Jones. “The consumer confidence is at an all-time high in the US, and it’s not a good sign,” he said. “The market looks to me to be waiting for a trigger that will cause it to tumble.”
Mobius continued saying, “I can see a 30 percent drop.” And he isn’t the only one warning of a massive crash. Jim Roger’s latest prediction was that we were going to see “biggest crash in our lifetimes,” and possibly, very soon. One of the world’s richest men, Bill Gates, also said that a 2008-like financial crisis was a certainty. Peter Schiff has also warned the next crash will be worse than the Great Depression.
“The bad news is, we are going to live through another Great Depression and it’s going to be very different. This will be in many ways, much much worse, than what people had to endure during the Great Depression,” Schiff says. “This is going to be a dollar crisis.” – Peter Schiff
And movement away from the United States dollar has already begun and Schiff has warned that those who don’t get out of the dollar will be wiped out.
Mobius, who is also a 40-year veteran investor and predicted the start of the bull market in 2009, warns that any drop could be strengthened by the increasing use of exchange-traded funds (ETFs), which account for nearly half of all trading in US stocks. The ETFs could cause further declines once markets fall. “You have computers and algorithms working 24/7 and that would basically create a snowball effect. There is no safety valve to prevent further falls, and that fall would escalate very quickly,” Mobius told the media. “ETFs represent so much of the market that they would make matters worse once markets start to tumble.”
But Mobius did say he’s not certain what the trigger will be that will cause the US stock market to crash horrifically. “You can’t predict what that event might be – perhaps a natural disaster or war with North Korea,” he said.
You know I have been hearing this over, and over again can someone pin this down for me please.
That’s not possible to do.
When you are dealing with trillions of fake dollars, 10’s of trillions in debt, quadrillions in junk bonds, there’s no way to be able to calculate when this will happen.
If the US continues growing around 2% a year, and interest rates continue to stay low, I believe the national debt can continue to grow to around 30 trillion dollars.
I think the point all these guys are making, is that in the future when the government can no longer pay the debt, when the US consumer is completely tapped out, that’s when the collapse will happen.
And the longer it takes for that to happen, the more massive and destructive the collapse will be.
It’s quite possible, this next crash will be the end of the US as we know it.
I envision a future when the US has no choice but to completely withdraw from the world due to our own internal problems.
All we can do is be vigilant and prepare.
Dishonest CDC caught hiding data proving that guns are used FAR more for self-defense than for crime
“Recently discovered statistics from the CDC dating back to the mid-to-late 1990s that were never released to the public indicate that defensive gun uses (DGUs) are much more common than criminal uses of a firearm…”
ht tps://www.naturalnews.com/2018-04-23-dishonest-cdc-caught-hiding-data-proving-that-guns-are-used-for-self-defense.html
Direct link…
https://www.naturalnews.com/2018-04-23-dishonest-cdc-caught-hiding-data-proving-that-guns-are-used-for-self-defense.html
Since the early ’80’s I have read and heard about this, now online over and over. Who the H has a timeline?? All this hype may be just that.
“Investment analyst and stock market guru Mark Mobius has been in the business a long time. At 81-years-old, the market analyst says that a huge stock market correction is coming and it’s going to cause a crash and be painful for everyone.”
Yes it always does.
At the end of every business cycle; characterized by high levels of consumer, corporate, and government debt; consumer spending declines with higher interest rates and stagnant wages raising inventory levels, and this stimulates a surge in bankruptcies as business revenues decline, requiring employee layoffs. Then the downturn begins to perpetuate itself as corporate earnings fall and more consumer and corporate debt becomes delinquent and the downward spiral accelerates. Then investors rush to cash collapsing the markets.
It happens at the end of every business cycle. It would have happened by now, and may not happen yet due to the TRUMP Tax Stimulus which has increased government spending by transferring Taxpayer Wealth to corporations via the tax cuts, and triggering additional business investment (spending) while providing bonuses to workers, delaying the downturn. When the worker cash is spent ……
BOOM !!! 🙂
“The market is waiting for a trigger”. I wonder who’s gonna pull it.
Stay quiet Be smart
[overheard on the Wall St. stock market trading floor] “pull my finger!! LOL. And you know? I think it was an AIEQ ETF machine that said it.
Jacknife,
I agree. It is not a matter of if, but when.
Dow Jones is currently down 490 points.
in todays news…
Dow Futures Are Down 600 Points From Overnight Highs, Nasdaq Is Plunging
ht tps://www.zerohedge.com/news/2018-04-24/dow-futures-are-down-600-points-overnight-highs-nasdaq-plunging
Direct link…
https://www.zerohedge.com/news/2018-04-24/dow-futures-are-down-600-points-overnight-highs-nasdaq-plunging
Older folks need to have a stop loss put on stocks now, call your broker asap! I have tax free muni’s only thing paying interest now days. Banks suck.
Utility stocks have a nice return and frankly, are safer than muni’s. 🙂
Yawn! This same headline has been posted at least two or three times a year for the last seven or eight years.
Tired of hearing about this. Let’s get it on already! The reset is long overdue!
Market crashes, volcanoes, earthquakes, plagues, etc. come on man, wtf, shit or get off the pot already.
MWK: The “financial reports” are butt- glued to the potty!
We have not been in a free market for years. That is why in 2017 there was not even a 3% correction. We have been at the direction of the political elite for years pulling the strings. Then there are those who say prove it. And I say name a period in history where interest rates were near zero, in a non manipulated form, for close to 10 years.
So what drove people like me into the stock market – yield. I’m retired. When interest rates were close to zero a bank cd paid pennies on the dollar and inflation was close to 10% (search on Chapwood index) we needed something to keep up and it was equities.
So what has changed? What the political elite forgot in their grand scheme of things was pensions! Pensions depended on fixed income to get their 7% or 8% return. So all around the western world pensions are going belly up because they were required to invest in fixed income that paid little in the last 10 years.
And so we are now in the dilemma of either raise interest rates or let trillions in pension funds go bust and force workers to take huge pension cuts. A good example is Detroit where pensions took 30% to 40% reductions when they could not keep up. The problem with this grand interest raising scheme is sovereign debt is going to take it on the chin in interest payments.
So in the next 4 years another 2008 crisis is in the offing because with academics and idiot politicians in control the odds improve with each misstep of these Libtard idiots…
I used to follow Schiff. Most of his predictions did not pan out. According to him gold would be at $3000 dollars an ounce by now.
OK so the dollar is going to crash. Then use your search engine and look up Swiss National Bank and $80 billion. That is what they invested in our stock market. If the dollar is going to crash why do that? The answer is Europe is in far worse shape than the U.S. Dragi and the ECB is still running a QE program buying bonds. The ECB now owns 40% of Europe’s bonds and still buying ( search on Dragi ECB Buying Bonds). If anything money from Europe is flowing to the US.
Yes, detractors I an well aware of Oil being priced in the Yaun futures and what the Saudi’s are doing. But the bigger issue is a possible European collapse and where the money goes. It will not go into the Yuan, yet…
Blah, blah just happen already and get it over with and start fresh. . .none of it really matters.
Nature will take its course, the U.S. will be broke, be forced for a change to bring all troops home and nature again will finally take its course throughout the entire world and that will definitely be interesting. . .Boy China for example is going to go nuts and grab literally everything they can possibly acquire…like the vast majority of all of Asia type of a thing.
Major events do not occur by accident or by incidental triggers. Things happen, and are the way they are, because it benefits an entity(s), same for market crashes, and the eventual dollar crash. In regards to this topic, someone said recently – “its a big club, and we ain’t in it.” We are not privy to the identity of the ones at the top, the real puppet masters – you will never know their names or see their faces, or what their motives are, nor learn of the true magnitude of their wealth and power, or what their ultimate goals are. But it seems a large part of the world is eventually headed for an international feudal type of oligarchy/plutocracy. It has to be international in scope to succeed otherwise the masses would have someplace to go , such as late 19th century and early 20th century immigration to America from aristocratic but stifling Europe where almost opportunity existed for the masses.
Let us for the moment accept the notion that financial collapse is guaranteed to occur in 30 days, 90 days, 18 months, and 5 years, exactly.
What would you do? What would the average person do?
I believe the average person would be either hysterical or paralyzed in fear, then after a few weeks would become apathetic, putting it out of his mind because it is years away.
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Those canned supplements look very interesting. I wonder if they are quality, or not. A six month supply divided among six people would be a month’s supply. For me, I would like a month supply in a tin can. I prefer organic top rated vitamins.
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Run to the hills!
Run for your life!
http://www.youtube.com/watch?v=86URGgqONvA
Food, water, guns and lotsa ammo.
are you planning on killing alot of people?
Meh.
Follow the bond market. The 10 year went over 3% for a short time yesterday, and the selling kicked in. Once the 10 year and 30 year invert, look out. Less than 20 bps between them, and narrowing. What does it say when 30 year money costs only 20 bps more than 10 year money? People are under the mistaken impression that financial risk does not exist, and are not even bothering to price it. When that reverses, which is what we are seeing happen right now, interest rates explode.
When that happens, the interest rate derivatives kick in. That means banks are on the hook for all the insurance they underwrote against a rise in interest rates. They don’t have the liquidity to cover their bad insurance bets, so they’ll start margin calls on mortgage holders. They’re going to look to steal whatever they have to steal, from whoever they have to steal it from, to cover those insurance bets. This is how people are going to end up being put out of their homes without understanding why.
I wouldn’t be surprised to see the 2 year and 10 year invert as well, something I believe has never happened before. Right now, the spread between them is 50 bps; if this starts to narrow along the lines of the 10 year-30 year spread, stand back and watch the panic.
We’re going to be going from a world where no one believed financial risk even existed to one where risk is going to be front loaded into the interest rate spectrum. No one is going to be willing to put up money at the short end of the spectrum without receiving a king’s ransom for doing so.
Get out your crash helmets.
seems all the know=it=all gurus are not very bright all their predictions have fallen flat there will be a crash at some point in the near future-=so people prepare just like death it will come live life to the fullest==you cannot stop what will happen so so prepare
With the market down today, I know that the only thing that we can believe in is gold. It always was and it always will be the global constant. If you folks really know what you’re doing, you should get the gold and silver now. I see jmbull advertise on this website but I’ve seen much cheaper prices at Bullion Exchanges. good luck
If these guys could accurately predict the market. They wouldn’t be writing articles or tell a soul. nope they would be playing the market and cashing in and rolling in money. They are simply making guesses and a even a broken clock is right twice per day. But Im tired of waiting let it collapse.
Even a broken watch is right twice a day