‘We SHOULD be worried!’ Financial giant’s warning to world on brink of global market CRASH

Thursday, January 18, 2018
By Paul Martin

THE lack of fear in markets means investors should be worried about another stock market crash, a global economic advisor at one of the world’s largest money managers has warned.

Thu, Jan 18, 2018

Another market crash could be on the way and investors should fear the lack of fear in markets, Joachim Fels, from Pimco warned.

Speaking to Bloomberg, he said: “The fact that the fear is gone is the main reason why we should be worried.

“That means most investors are now pretty fully invested and that means they will want to get out if the markets start to correct — exacerbating the downdraft.”

Fels said that because of the continued expansion and strength of markets, it could signal a downturn is on the horizon.

Global equities investors have been enjoying the best start to a year in at least three decades, cutting back on cash positions and plowing more money into riskier assets.

He said: “We’ve seen big rally, markets are still going higher but we think this is now a time for caution and for prudence.”

“The timing is important, so what we’re seeing is now that we’re in the ninth year of economic expansion, a pretty late cycle.

“Now we get this fiscal stimulus so it raises the risk of an overheating.

“I mean that clearly has not been a problem so far this expansion, if anything inflation has been too low rather than to high.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter