The wild stock market swings of recent days have left investors gasping and with good cause.
Does the age-old "Buy & Hold" mantra still apply?
Based on historical performance the answer is 'Yes'...however some see things differently:
Financial expert Bill Holter says the "ability to prevent a crash no longer exists."
"The system has gotten too big...there's too much debt. Too many sovereign governments have bumped up against debt saturation. In the U.S., we are over 100% debt to GDP."
Holter's advice? If we get a bounce in the market, use it to get out.
Chris Martenson, of Peak Prosperity, has these words of wisdom: "What goes up must come down-and that's especially true for the world's many poorly-constructed financial bubbles, built out of nothing more than gauzy narratives and inflated with "hopium"."Markets are quite possibly in crash mode right now, although events are unfolding so quickly-currency spikes, equity sell-offs, emerging markets routs, dislocations and commodity swings-that it's hard to tell for sure. However, that's usually the case right before and during big market declines," say Martenson.
'Further, most of the gains in financial assets engineered by the central banks were false and destined to burst because they were based on bubble technology, not actual returns."
Reknown geopolitical and financial cycle expert, Charles Nenner says his analysis shows global conditions will go from bad to worse for many years to come. Wars will be up, stocks will be down, the price of oil will continue to escalate along with inflation. Nenner also expects food shortages and if that's not enough-civil unrest.
Meanwhile, Jamie Dimon says JPMorgan Bank is bracing for a financial "hurricane." And he's not the only big banker worried.
So does that mean we should be worried too?
No. It means we should be "anxious for nothing" (Phil. 4:5) and thank God for our 'umbrella' of faith.
A wise man once said: "Most of the world is now living through an especially tough period. Long ago, God told us how to flourish in dark times. His answer to our dilemma stands as a brilliant point of light especially right now...God's answer is to know Him. May all our hearts be enlightened to the breathtaking hope of His calling, the astounding riches of His glorious inheritance, and the surpassing greatness of His power toward us who believe." --
Hal Lindsey, author
"So if your faith remains strong after being tried by fiery trials, it will bring you much praise and glory and honor on the day when Jesus Christ is revealed to the whole world" (1 PETER 1:7b)
👉👉👉"HOW TO GO TO HEAVEN" ☝
News:
- Yahoo!Finance: Executives across industries are warning that the economy is slowing down
- Bloomberg: Black swan investor watching for 'Greatest Credit Bubble' to pop
- The Close: Black Rock CEO expects surging inflatin, rising interest rates and geopolitical upheaval to create profound changes to global economy
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