“I generally shy away from making time-specific economic and stock market predictions simply because they are extremely difficult to accurately pinpoint. During 2006, I warned about a coming real estate collapse that would cause a severe recession in 2007. Back in January of 2009, I urged investors to start buying the stock market because I felt the majority of the selling was behind us.
In general, making such predictions is a dangerous game and I avoid it in most cases because the odds are very low that you will be correct on both the prediction and the timing. However, there are certain times when the environment is conducive for a prediction that comes along with an expiration date, and today is one of those times….
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