{"id":25807,"date":"2017-09-19T05:43:44","date_gmt":"2017-09-19T10:43:44","guid":{"rendered":"http:\/\/olduvai.ca\/?p=25807"},"modified":"2017-09-19T05:43:44","modified_gmt":"2017-09-19T10:43:44","slug":"top-financial-expert-warns-stocks-need-to-drop-between-30-and-40-percent-as-bankruptcy-looms-for-toys-r-us","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=25807","title":{"rendered":"Top Financial Expert Warns Stocks Need To Drop \u2018Between 30 And 40 Percent\u2019 As Bankruptcy Looms For Toys R Us"},"content":{"rendered":"
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Top Financial Expert Warns Stocks Need To Drop \u2018Between 30 And 40 Percent\u2019 As Bankruptcy Looms For Toys R Us<\/span><\/a><\/h3>\n<\/div>\n
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\"\"<\/a>Will there be a major stock market crash before the end of 2017?\u00a0 To many of us, it seems like we have been waiting for this ridiculous stock market bubble to burst for a very long time.\u00a0 The experts have been warning us over<\/a> and over again<\/a> that stocks cannot keep going up like this indefinitely, and yet this market has seemed absolutely determined to defy the laws of economics.\u00a0 But most people don\u2019t remember that we went through a similar thing before the financial crisis of 2008 as well.\u00a0 I recently spoke to an investor that shorted the market three years ahead of that crash.\u00a0 In the end his long-term analysis was right on the money, but his timing was just a bit off, and the same thing will be true with many of the experts this time around.<\/p>\n

On Monday, I was quite stunned to learn what Brad McMillan had just said about the market.\u00a0 He is considered to be one of the brightest minds in the financial world, and he told CNBC<\/a> that stocks would need to fall \u201csomewhere between 30 and 40 percent just to get to fair value\u201d\u2026<\/p>\n

Brad McMillan \u2014 who counsels independent financial advisors representing $114 billion in assets under management \u2014 told CNBC on Monday that the stock market is way overvalued.<\/p>\n

\u201cThe market probably would have to drop somewhere between 30 and 40 percent to get to fair value, based on historical standards<\/strong>,\u201d said McMillan, chief investment officer at Massachusetts-based Commonwealth Financial Network.<\/p><\/blockquote>\n

McMillan\u2019s analysis is very similar to mine<\/a>.\u00a0 For a long time I have been warning that valuations would need to decline by at least 40 or 50 percent just to get back to the long-term averages.<\/p>\n

…click on the above link to read the rest of the article…<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Top Financial Expert Warns Stocks Need To Drop \u2018Between 30 And 40 Percent\u2019 As Bankruptcy Looms For Toys R Us Will there be a major stock market crash before the end of 2017?\u00a0 To many of us, it seems like we have been waiting for this ridiculous stock market bubble to burst for a very […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[16047,14887,88,16048,16049,122,124,6069,6061,8989,312,15546,7068,7070,1529,376,4190,6129,6065,452,4901,6184,16050,1138,4562,15547,3783,2731,14890,5221,7118,753,16051],"class_list":["post-25807","post","type-post","status-publish","format-standard","hentry","category-economics","tag-a-stock-market-crash-is-coming","tag-absurd-stock-prices","tag-bonds","tag-buy-stocks","tag-buying-stocks","tag-central-bank","tag-central-banks","tag-economic-collapse-blog","tag-financial","tag-financial-assets","tag-financial-crisis","tag-financial-crisis-of-2017","tag-financially","tag-global-stock-market-crash","tag-global-stock-markets","tag-goldman-sachs","tag-investing","tag-investor","tag-investors","tag-japan","tag-michael-snyder","tag-portfolio","tag-portfolios","tag-stock-market","tag-stock-market-bubble","tag-stock-market-bubbles","tag-stock-market-collapse","tag-stock-market-crash","tag-stock-market-crash-2017","tag-stock-prices","tag-stock-trading","tag-stocks","tag-stocks-go-up-no-matter-what"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25807","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25807"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25807\/revisions"}],"predecessor-version":[{"id":25808,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/25807\/revisions\/25808"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}