Many investment experts believe that a major decline or even crash in the stock, real estate and bond markets is imminent – despite what the Dow Jones is telling us.
The Dow jumped more than 300 points Tuesday to finish above 21,000 – a record – but if you dig a little deeper you’ll discover that things aren’t all that rosy.
In fact, some of the smartest brains on Wall Street are convinced that a major fall is just around the corner.
Jim Rogers, George Soros’ partner in the Quantum Fund, believes a $68 trillion crash will occur in 2017 or 2018, Investopedia reported. Swiss economist Marc Faber has said the market will fall after the S&P 500 (an index of stocks in America’s 500 largest corporations) hits 2,300; the S&P was at 2,390 early Wednesday.
“Get prepared,” Rogers said in an interview with MacroVoices. “We’re going to have the worst economic problems we’ve had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.”
Here are five good reasons why you should be afraid of the current bull market: