The biggest “Economic Miracle”…aka… fraud of all time, Mr. Alan Greenspan thinks that A. The FED will raise rates and B. The stock market will sell-off. Mr. Paulson shares in his view.
- Ex-Treasury Chief Paulson Says Low Rates Fuel Asset-Bubble Risk
- Greenspan: Get ready for another taper tantrum
This comes on top of Janet Yellen recent admission that the stock market is overpriced. But wait, this gets even better. Mr. Greenspan comes through with an excellent investment advice.
“The best strategy for equity investment has always been buy and hold, and forget it. Once you start to try and trade the market. I don’t care how good you are, how smart you are, you will not beat an index fund.”
That sounds nice in theory until you are sitting at 2009 bottom with a 50-60% loss. So, let’s recap. Greenspan, Paulson and Yellen think that we are in some sort of a bubble, the rates will rise and the market will sell-off. If you still believe that today is a good time to be fully invested, well, you are on your own.
