It’s a sad state of affairs when a mere suggestion that the market might decline makes the news. Especially when you consider today’s extreme bubble valuation levels. Hedge fund manager Crispin Odey tends to agree. HEDGE FUND MANAGER ODEY WARNS: We’ve Entered A Downturn That Will Be Remembered In 100 Years
We’ve entered an economic downturn that is likely to be remembered in a hundred years and central banks won’t be able to stop it. Odey writes that the shorting opportunity “looks as great as it was in 07/09.” “My point is that we used all our monetary firepower to avoid the first downturn in 2007-09.”
An article worth your time as I couldn’t agree more. As you know, I have been warning about a severe bear market of 2014/15-2017 for well over a year now. It is coming and there is nothing anyone, including the FED, can do in order to prevent it.
With that in mind, I do want to ease your mind in one respect. The upcoming sell-off or bear market will not be as powerful as 2007-2009 decline. The collapse of 2008 was represented by a mid-cycle collapse reminiscent of 1972-74 or 1937 or 1907. The final leg of a secular bear market (2000-2017) is never as powerful.
That is to say, anyone expecting a 50% or more haircut here would be utterly disappointed. If you would like to find out what happens next and the extent of this bear market, please Click Here.
Hedge Fund Manager Predicts A Record Breaking Sell-Off Google