It may be shocking to hear us say that the Dow Jones Industrial Average is headed for 7,000 ...
But, yes, we firmly believe that we’re going to see the broad U.S. stock market fall another 35% from here ...
AT LEAST!
Just look at what's happened recently...
• The Federal Reserve warned of "significant downside risks to the economic outlook" and the International Monetary Fund said "the global economy is in a dangerous new phase."
• Bond yields in
Italy,
Spain, and
France are exploding higher – indicating that the world’s smartest investors expect an outright catastrophe overseas.
• And all the while, countries like
Germany and
China are effectively saying they will NOT support bailouts of all these faltering nations!
In response, the U.S. stock market has started plunging anew andthe major averages are sitting at critical levels, with a potential crash coming at any time!