It's official president Trump has been sworn in. I expect any day now for a long term bear market to begin its first leg down in the S & P 500 currently trading at 2267. I expect a 10 percent drop to happen quickly which in all likelyhood will be called a correction. Make no mistake about it this will not be a correction but the start of a long bear market that is going to see us break the S & P low of 666 which occurred in the year 2009.
The artificially low interest rates have ended. The 30 year bond historically has averaged 7 percent. If interest rates get anywhere near that historic number it will be impossible to pay the interest on the 20 trillion dollar national debt. And keep in mind the national debt under Trump is expected to rise substantially but don't blame Trump. The debt has been spiraling out of control since former president Reagan. Sooner or later it comes time to pay the piper and that time a quickly approaching. Sell all stocks and go short. Load up on put options on the indexes. The bear is moving to Wall Street.
The bear is moving to Wall Street for a long stay.
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George Soros said the market is going to crash soon. He should know, right?
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