Legend Who Oversees More Than $210 Billion Just Issued This Dire Warning
KingWorldNews.com
March 03, 2018
After a wild start to the 2018 trading year, today a legend who oversees more than $210 billion just issued this dire warning.
How To Lose 49-Times Your Money!
March 3 (King World News) – Robert Arnott: “What you don’t want to do is take the most expensive things and short them. There is a wonderful example out of Zimbabwe. Zimbabwe, when they had their hyperinflation, everybody knows about that. What’s less well known is that they also had a bubble in the stock market. As the hyperinflation started to gain traction, there was a six week period in which the currency tumbled 10-fold. That’s a huge drop. And the stock market rose 500-fold. So net of inflation, the stock market rose 50-fold measured in US dollars.
If you were short, you just lost 49-times your money. Six weeks later, the Zimbabwe currency had eroded another 100-fold and the Zimbabwe stock market went to zero. It fell 99.9% and then it stopped trading. So, 12 weeks before that happened, if you knew that the currency was going to erode 1,000-fold and that the stock market was going to drop 99.9%, you would have said, ‘Oh, this is a great short.’ And then you would have lost 49-times your money before you were proven right. Bubbles can go on until they don’t…
The Rest…HERE
