"With all of the quick fixes in our nation's economy, Americans may soon have to pay a heavy price. Holland expects that when the crash, which he refers to in his latest report as the "Greenspan Crash," occurs, the initial market pullback for the Dow will be 25 percent. A worst-case scenario, according to Holland, could resemble that of what happened in Japan last year with the Dow possibly dipping as low as 50-60 percent." - Ron Holland, 1/20/1999
The last time Ron Holland a noted investment expert, writer and former president of a broker/dealer firm licensed for business in 47 states gave a major stock market crash warning was 17 years ago. On January 20, 1999 Ron warned "Is the big crash coming" in an article on World Net Daily and his "Get Ready for the Greenspan Crash" and Dot.com bubble warning then is still online today here.
Well I'm Ron Holland and here I am 17 years later and I fear it is time for another crash warning. While markets are oversold and we could rally for a few days and any near term rallies could be quite dramatic on the upside. Still longer term I question the high valuations of global stock markets and the manipulated explosive strength of the US dollar. The world is in recession, oil will temporarily go lower as will the US dollar and no one knows what will happen in China or with the tension between Saudi Arabia and Iran.
Now in looking back, I was actually not pessimistic enough in my warning back in 1999 as the Dot.Com heavy NASDAQ actually lost 78.4% falling from 5132.52 in March 2000 to 1108.49 in October 2002. But get ready as here we go again but I hope I'm wrong.
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3 comments:
I'm just about ready , buying a little more ammo today , have plenty of everything else. I did notice that Walmart has plenty of ammo now , other than 223s.
The 223s and 556s sold out everywhere because of his warning on gun control and what he considers assault weapons.
The markets are violable now and its sending investors, here and abroad, into widespread panic mode. Obama's policies are coming home to roost much quicker than administrations of past due to their urgency and instant job-killing, investment prohibitive stance.
Guess it's time to go back to mattress saving, Great Depression modus until he exits office. Its going to be a long year. Hopefully, like the backlash, his lame duck president status will begin earlier than most past presidents as well.
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