Alan Newman has forecast the historically overvalued U.S. stock market to drop by 50%. Here’s the implications of such a crash…
Jason Burack of Wall St for Main St interviewed first time guest, experienced stock trader and editor at the Cross Currents stock market trading newsletter http://www.cross-currents.net/, Alan Newman.
Alan began professionally trading markets in 1987 and has been writing a paid newsletter for stock market traders for 28 years.
During this 40+ minute interview, Jason asks Alan if he thinks US stock markets are in a process and why? Alan thinks US stocks are in a long topping process now but that sentiment is too bullish among professional stock traders and professional money managers. Alan thinks that US stocks are long overdue for a 50% stock market crash.
Alan talks about stock market support levels to watch and he thinks that this is the most overvalued stock market of all time other than during the technology bubble.
Jason also asks Alan about gold and gold stocks and what quants and high frequency trading (HFT) have done to stock markets.
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