Now in my 33rd year in and around the financial arena, I like to tell you some sophisticated series of mathematical equations or sure-fire technical analysis, has given me the mother of all “sell signals” for the stock market. But I can’t.
It’s just the aging gut of a “former” Wall Street Whiz Kid, who’s been around the block enough times to realize when it comes to the stock market, it’s clearly in the following position:
There are a whole host of bearish indicators, and you can pick your poison for which one will eventually cause the bubble to burst. And yes, it may not happen in a day, week or month, but rest assured, most currently up to their neck in general equities will look back and only wish they took an approach a former Wall Street veteran told me back in the days when I was a “young puppy” on the street:
“Peter, it’s better to be a year too early, than a day too late, when it comes to investing.”
Oh, and if it’s audio and visual that gets your attention about the dangers of the stock market right now, try this.
And if you choose to follow the theme of the “Don’t Worry, Be Happy” crowd that makes up much of the financial advisers working these days, just know I chose instead to dust off an old movie from 1981 to remind me of the real potential we’re heading for.
I’m here, if you need me: