Monday, August 12, 2013

Are You Ready For This?

Economic expert Marc Faber has analyzed the Wall Street Markets and has predicted that the stock market is heading for a similar CRASH as it had in 1987. The symptoms are the same and if you recall, the market dropped 36%. However, this time Farber thinks that the market will only drop about 20%.

Either way this crash will impact all Americans in a negative way. Farber believes that the market has become dependent on several small companies. He says "The only way this market can go up is if the 10 or 50 stocks that are very strong continue to drive the market higher, with the majority of stocks having actually peaked out."

Marc Faber is the publisher of the "Gloom, Boom and Doom Report."

Whether you believe him or not is up to you. But if you believe him, you need to ask yourself if you are prepared financially for another Stock market crash? If you do not believe him, you need to look at all of the BIG Government interaction in the Stock Market and the influence that the Federal Reserve has over Wall Street. There IS a strong correlation. The federal government has created a stock market bubble. When it will break is only a guess, but it IS coming. 

Suggestion: Keep your eye on the price of gold. This is a good indicator of just what's happening to the dollar.

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