Investment Principals Articles
It’s hard to pinpoint when the fate of the United States of America was handed over to the gods of debt and credit, but somewhere after the 1908 banking crisis, the collective trauma allowed bankers to scheme-up the idea of the Federal Reserve Banking System.
During the month of January, while the stock market was raging-hot, I wrote that our research was pointing to the fact that Ray Dalio, the world’s largest hedge-fund manager and one of the richest men alive, has timed the market wrongly.
We’d have to go back to 1999-2000 to feel the same type of nausea that the next 11 months have in store for us. Forget the calm – 2017 is done.
What we’ve seen thus far doesn’t even register as a correction – for the moment, stocks are pulling back hard, but corrections are defined as 10% drawbacks from the highs, which means Dow Jones has a minimal risk potential of an additional 1,000 points.