Head for the Exits!!!
Economists, Billionaire Investors, and Intellectual alike can finally agree on one thing: The Market is HEADED DOWN
The chart above represents the last three "bull markets" and the crashes that followed.
If you put together a list of the world's most brilliant, most famous investment experts... they were all at John Mauldin's Strategic Investment Conference last month.
The consensus among the majority of speakers was that things are going to get ugly.
This expert panel painted a very pessimistic picture for the stock market—but the most alarming comment came from Richard Fisher, president of the Federal Reserve Bank of Dallas and a voting member of the Federal Open Market Committee from 2005 to 2015. He is worried about the $19 trillion US government debt (up $11 trillion since 2008) because the Fed has fired all its monetary bullets and can’t expand the balance sheet any further.
But Fisher’s most telling comment came during the Q&A session when he was asked how his personal portfolio was positioned.
Fisher’s response: “All my very rich friends are holding a lot of insured assets.”
Not some. Not many. All!
More than JUST the FED
Interestingly enough, the 3.7 trillion dollars in Federal stimulus (free money to create a bubble) isn’t the only reason these experts are heading for the exits. Another reason may be the history of the marketplace during election years where there is no incumbent running. This is apolitical. It doesn't matter if you're a democratic, republican, independent, libertarian, or green party supporter—historically speaking, Wall Street does NOT LIKE UNCERTAINTY.
This chart shows every bust directly following a new president elect.
Are YOU safe?
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Casey A. Marx
Founder, Crown Haven Wealth Advisors
Host, Smart Money on 93.1 WIBC
Casey Marx, President and founder of Crown Haven Wealth Advisors, was featured in Forbes as one of America’s Financial Leaders. His safe money method is designed to make your investments recession proof. Casey has helped his clients protect millions of dollars in retirement assets, with not one penny ever being lost due to market downturns.