Right now, the market looks to me like it’s building up to a massive selloff.
Like snow on a mountain before an avalanche. Suddenly, without warning, confidence is lost and the slide is on. And it only ever takes one snowflake to tip the balance.
My belief is that the decisive snowflake could fall anytime in the next few months.
It could be trade war related. It could be earnings related. It could be emerging market debt related. It could be Iran related. Or it may be something no one’s even considering right now.
Like in 2007, with the whole sub-prime mortgage thing, the trigger for this coming downturn could take even the world’s smartest economists by surprise.
The most likely trigger?
Well, I’ve been giving it some thought, and I’ll tell you what I think in today’s video. I recorded it as part of a series leading up to the release of my new research, out this coming Wednesday.
I’ve tried to be as thorough as I can, because there are big, big decisions at stake. People accuse me of scaremongering, and that’s fine. I just say: look at the evidence I’m looking at, and see if you don’t draw the same conclusions.
Just remember, as a private wealth manager up in Cairns, I lived through THREE major crashes, in 1987, 2000 and 2007/08. You may scoff, but I feel like I have a sense for these things.
Back then, it wasn’t easy to convince clients and other people that things were going bad…when the data showed the opposite. Many thought I was trying to put the fear of God into them.
Well, I’ll leave that up to you to decide when you read my new research report coming out on Wednesday.
Today though, do see if you can find a couple of minutes to take a look at the latest video in my new series, called: ‘What Is Likely to Trigger the Next Market Crash’. Click the thumbnail now to watch…
Now here’s Selva with today’s Rum Rebellion essay…
PS: There’s a BIG surprise coming for the AUD in 2020. Click here to find out what it is (free report).