Salient to Investors:
Harry Dent writes:
- The first wave down in a bubble tends to happen in a few months or less. Every major bubble back to the tulip bubble in 1637 did not correct in nice stair steps to a drop of 50% to 90%. We are in the “crash season” of mid-August to mid-October, so the worst decline will come in the next several weeks.
- The 1929, 1987, 2000, and China 2015 bubbles were only obvious to a few.
- Stocks have begun to crash, as indicated by the tops in the Transports in November, 2014, the Utilities in January, 2015, the DAX and FTSE in April, 2015, the Dow and S&P 500 in May, 2015, the Shanghai in June, 2015, and the Nasdaq in July 2015.
Read the full article at http://economyandmarkets.com/markets/cycles/4-charts-show-why-this-rally-will-become-a-rout/
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