Official Warning: Stocks Are Going to Crash
Stocks are going to Crash.
This wasn’t the case a mere six weeks ago. But the Bank of Japan has committed one of the most egregious manipulations in history.
The Yen/ $USD pair has imploded by over 14% in the last six weeks. The last time the pair fell this much the BoJ expanded an already monstrous QE program by $260 BILLION.
This time around it is nothing more than abject monetary devaluation. The Bank of Japan has accomplished in SIX WEEKS what previous took $260 BILLION and SIX MONTHS.
This is absolute madness. And it is going to ANNIHILATE US corporate earnings.
Over 47% of US corporate sales come from abroad. With the $USD spiking, courtesy of the Yen devaluation, US corporations are going to be imploding in the 1H17.
The $USD ramp job of 2014 has already imploded corporate profits to 2012 levels. This next ramp to new highs is going to kick them even lower.
You can ignore this, just as the S&P 500 has done for the last six weeks. But soon this will matter in a big way.
At the very least you can expect a collapse to 2100. But 2000 and even 1864 are not out of the question.
THIS WILL HIT BEFORE JUNE OF NEXT YEAR.
Another Crisis is brewing… the time to prepare is now.
If you’ve yet to take action to prepare for this, we offer a FREE investment report called the Prepare and Profit From the Next Financial Crisis that outlines simple, easy to follow strategies you can use to not only protect your portfolio from it, but actually produce profits.
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As we write this, there are fewer than 49 left.
To pick up yours, swing by….
Chief Market Strategist
Phoenix Capital Research