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Worst to come? doomsday poll: 87% risk of stock crash by year-end

Posted by zenobiusz w dniu 21 Czerwiec 2013


The Extinction Protocol

 
The Fed is dropping subtle hints the thrill ride of printing money to inflate equity markets has reached its foreseeable end.
June 21, 2013ECONOMYIn “Stocks for the Long Run,” economist Jeremy Siegel researched all the “big market moves” between 1801 and 2001. Bottom line: 75% of the time, there is no rationale for “big moves.” No one can predict them. Maybe technicians and traders can pick short-term moves the next second. Maybe tomorrow. But the long-term “big market moves?” No way. Now why predict an “87%” chance of another meltdown in 2013? Because in the real world of statistical probabilities, historical facts and expert opinions danger signals are flashing wild. In mid-2008 we summarized the predictions of 20 experts over several years. Predicted a meltdown in a few years — markets crashed two months later. Fast. In retrospect, it was inevitable, thanks in part to…

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