Liberty

Preparing for the Fall

So the author argues that today's investors are generally amateurs and therefore the market is overpriced. Then he rolls into a few years over the last hundred where a "March fnancial crisis" occurs, followed by an "intervention". I'm sorry but, anyone can find 'historical patterns' to support any market movement that want by cherry picking the years that work for their model. I do not subscribe to technical analysis. The author will have to show a fundamental reason for his prediction of a 20% or more correction if he wants to convince me. The author predicts the market will be 20% or below "in the coming months". Therefore, it is reasonable to assume he believes the S&P 500 will be at 1,100 or below "in the coming months". If it the market ever goes below 1,100, then I guess his prediction will have come true, but it doesn't sound like something of use to many investors.