Editor's Note: Unlike 2000… or 2008… the biggest firms today ARE the bubble. And according to one former hedge fund manager, our colleague Larry Benedict, this is setting up the biggest financial reckoning in over 50 years. Popular stocks could crash up to 80-90% and send the economy into a tailspin. Go here to watch Larry debrief people on this situation or read more below.
Dear Reader,
Those of you who followed my work closely know I've been saying the markets are overdue for a correction.
And the Wall Street heavyweights seem to agree with me…
Morgan Stanley said a decline of 15% is possible…
Goldman Sachs warned the losses could hit 20%...
While Jamie Dimon, CEO of JPMorgan Chase, confessed he was "far more worried than others" about a market crash.
And Mark Mobius, who ran the emerging markets group at Franklin Templeton for three decades before starting his own hedge fund…
Is calling for a 30-40% decline in AI stocks.
However, all of this would only be the start of a much bigger financial reckoning…
A reckoning that could last for decades.
At this moment, FOUR unstoppable market forces are barreling toward each other.
The last time these forces converged was over 50 years ago. Popular stocks crashed 80-90%, low-risk investments got obliterated, and the economy experienced low growth and high inflation.
Bottom line? It was all-around misery for Americans.
And this same situation is unfolding again.
Click here to see my latest research and what I'm doing to sidestep the carnage.
Regards,
Larry Benedict
Founder, The Opportunistic Trader
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