Michael Pento tells Silver Doctors beginning now and going into 2019, the stock market will be moving quite differently then the last couple years…
The U.S. stock market is 140% the size of the economy. Normally, it should be 60%. Pento tells us a revaluation is coming: a 50% decline in the stock market. This is healthy for the stock market’s long term viability, he says.
We are starting to see a sell-off right now. The Dow is at a level we haven’t seen since August. And the sell-off is world-wide. The global index FTSE recently dropped to it’s lowest point since April.
The nucleus of the bubble though is in the corporate bond market, Pento says.
About the Interviewer
Journalist Elijah Johnson, Co-Host of SD Weekly Metals & Markets, vaulted onto the economic scene after launching his “Finance and Liberty” YouTube Channel, to which he’s been called “the 16 year-old smarter than Ben Bernanke”. As one of the youngest sound money advocates around, with a eye on the national debt, the US dollar, and the gold & silver markets, Elijah is on a mission to warn and educate his generation about the risks of the current financial system, and what people can do to protect themselves.