I have a few reasons why I think the market is about to tank soon, some are my own ideas and some are those of big name investors/ businessmen that I've collected in my research. First off, the DJIA, S&P 500, and the Nasdaq all hot record highs last Monday. The last time that that happened was three months before the dot com bubble burst in 1998. Second, if Janet Yellen announces an interest rate hike, investors who are used to the low rate are going to become uneasy and pull their money, creating a ripple effect. Third, big names like Robert Kiyosaki, Donald Trump, and Warren Buffett have warned that a possible collapse could be coming. Fourth, according to Robert Kiyosaki, 2016 is the first year that the oldest baby boomers will be required to withdraw their 401(k)'s further pulling money from the market. Fifth, the liquidity crisis that the mortgage market may be about to face will further hurt the market. Thoughts?
TL:DR
Several factors like record highs, rate hikes, warnings from investors, 401k drama, and a possible mortgage crisis are about to tank the market.
If at any point I make myself sound like an idiot, or have any ideas that aren't fully developed, please call me out on it.
Submitted August 24, 2016 at 11:52PM by MFbabyKangaroos http://ift.tt/2bk1squ
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