For months now I’ve been warning about the stock markets facing a devastating collapse. I cited mutual fund cash levels, systemic leverage, derivatives exposure, and on and on.
And yet, despite the clear data points and research I presented, I was told I was crazy. I even had readers from bearish websites write me to tell me that my “sky is falling” warnings were “crap.”
And then this happened (I’ve added the recent drop in overnight futures).
Stocks are now back to November 2009 levels. In plain terms, the last year and a half may as well have not happened. The second half of QE 1, QE lite, and QE 2… literally everything the Fed has done since the end of 2009 has been wasted money.
Yes, we will get a sharp short-covering at some point. But the damage is done. Even QE 3 won’t bring the market back. We’re going to new lows… as in sub-600 on the S&P 500. Many folks are going to lose everything.
While most investors are getting taken to the cleaners, subscribers of my Private Wealth Advisory have already locked in SIX winners last week, including gains of 7%, 8%, and 9% in just one day.
They’ve also SAVED their portfolios from this bloodbath, courtesy of my well-timed warning (the following is an email I received from a client last week).
As of 9:45 this morning your well-timed note yesterday has saved 10% of my trading account. Thanks!!
Roger D.
So if you’re looking for someone to help you navigate the market AND make sure that you actually MAKE money during the Crises, you NEED to check out my Private Wealth Advisory. Because if the market drop occurring as I write this is any indication, this Crash isn’t over by a long shot.
To take out a subscription to Private Wealth Advisory…
Best Regards
Graham Summers
