The Market is High on Hope

by Lear Capital EditorialAugust 10, 2017

The party started with the election of our pro-growth President. Exuberance grew with the rollback of regulations. The stock market soared on the hope of changes to come. Now hope is being replaced by uncertainty that could deflate stocks bolstered by optimism.

What happens now that our do-nothing Congress FAILED to repeal Obamacare? Is tax reform next to crash and burn?

What happens now that the Fed has racked up TWICE the debt since the last financial crisis—from $10 trillion in 2008 to a crushing $20 trillion today? Debt could lead to the next collapse—but it can’t finance a recovery.

What happens now that our overvalued stock market has reached the danger zone? Price-to-earnings ratios have climbed this high only 3 times in history – 1929, 2000, and 2008 - right before huge crashes.

The 2018 budget debate is just weeks away, and market euphoria could come to a screeching halt. Some experts predict the greatest financial crisis in our lifetimes:

“It will end badly. …we are all doomed. When it happens it will be too late to react. You have to prepare yourself before hand.”   – Renowned investor Marc Faber

Are you willing to bet your future that Congress and the Fed can get the job done? The market has been charging ahead—but gridlock in Washington could change everything because stock markets hate uncertainty. Do you trust your savings and retirement plan to the Wall Street elites? They didn’t protect you in 2008!

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