A stock crash is about to happen big time. This is why i suggest that only a fraction of one's wealth is in corporate equity. One should be hedged with cash and most importantly, precious metal bullion.
Netflix is already down $10 from its high, apple is down, gold was already down....we are talking about a huge crash today.
Hopefully if anyone owns stocks, they are heavily invested in precious metal miners. You may lose yesterday's gains but nothing more. Some people, like Netflix people, are about to lose their shorts.
The Fed and the President's Working Group on Financial Markets could step in, but that will cost them their dollar. that would result in huge gold upside. let us see what happens.
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