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Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
Unfortunately, these warnings are tame compared to their peers.
“U.S. stocks are now about 80% overvalued,” says Andrew Smithers, the chairman of Smithers & Co. He 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.”
Blue chip stocks like Apple, Microsoft, and IBM will plunge.
Further proof that a stock market crash is imminent recently came to light when an S&P 500 “Death Cross” pattern appeared.
MarketWatch reports that “a rare ‘Death Cross’ appeared Tuesday in the chart of the Dow Jones Industrial Average.” … The article went on to say that a “Dow death cross is a bearish omen for the stock market.”
But there is one distinct warning that should send chills down your spine … that of James Dale Davidson.
As a renowned economist, best-selling author, and founder of Strategic Investment, Davidson makes the strongest case for a looming crisis, and he uses a $5 bill to prove it. “Right now, there are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is coming, it’s already at our doorstep.”