Peak Stupidity Will Lead to Market Crash
I did an interview with Robert Sinn a few days back. Then this video came out essentially tracking the same time line. He may well have done a better job of saying what will happen than I did. But I do believe that like 2008 and March of 2020 that gold, silver and mining stocks will tumble before reaching his predictions, perhaps this year.
From the high in the Dow in early September of 1929 at 381.17, the market declined into late October 1929 when it clearly crashed. The drop continued until early July of 1932 when it touched a low of 41.22. That was an 89% decline.
It’s going to happen again. Investors couldn’t possibly get any dumber than they are today.