Fundamental indicators always trump technical indicators when projecting future trends in the financial markets. In 2000, 2007, mutual fund managers have allocated all of their cash into the markets. Why? Because they need to allocate as the U.S. consumer isn’t. What happens when they stop because they have run out of money?
In 200 and 2007 the markets had a STEEP CORRECTION. The same will happen this year, and probably soon. Especially when coupled with the political and geo-political risk in Europe, the Middle East and at home. This is shaping up to be a perfect storm, and it could get ugly.
Dr. Elliott shares strategies on how to prepare for what could potentially wipe out your retirement portfolios.