It is only a matter of time before the stock market plunges by 50% or more, according to several reputable experts.
“We have no right to be surprised by a severe and imminent stock market crash,” explains Mark Spitznagel, a hedge fund manager who is notorious for his hugely profitable billion-dollar bet on the 2008 crisis. “In fact, we must absolutely expect it.”
Unfortunately Spitznagel isn’t alone.
“We are in a gigantic financial asset bubble,” warns Swiss adviser and fund manager Marc Faber. “It could burst any day.”
So with an inevitable crash looming, what are Main Street investors to do?
One option is to sell all your stocks and stuff your money under the mattress, and another option is to risk everything and ride out the storm.
But according to Sean Hyman, founder of Absolute Profits, there is a third option.
“There are specific sectors of the market that are all but guaranteed to perform well during the next few months,” Hyman explains. “Getting out of stocks now could be costly.”
Source Money News