Money manager Eric Hickman is a number-cruncher who’s also a student of history.
And looking at the past 100 years of market data, he’s forced to conclude that the stock market is due for a whopper of a correction — one that could happen at any moment…
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Over the past century, the market has had 8 “good” and “bad” cycles, all of them roughly equal in duration. The cycle we’re currently in is the rosiest “good” cycle on record – and it’s looking very long in tooth.
Hickman observes that each good cycle ends with the investing public going “all in” on stocks. It definitely appears we are at that stage now.
And he warns that the opposite is true of bad cycles. By their end, investors have sworn off ever owning stocks again.
Looking at what it would take to make today’s markets ‘fairly valued’ by historic norms, the S&P would need to drop in half. Which he warns is quite likely at this point.
Which is why Eric agrees that, now more than ever, it’s important to partner with a financial advisor who understands the nature of the market risks in play as well as the opportunities, can craft an appropriate portfolio strategy for you given your needs, and apply sound risk management protection where appropriate:
Anyone interested in scheduling a free consultation and portfolio review with Mike Preston and John Llodra and their team at New Harbor Financial can do so by clicking here.
And if you’re one of the many readers brand new to Peak Prosperity over the past few months, we strongly urge you get your financial situation in order in parallel with your ongoing physical resilience preparations.
We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.
But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.