Gerald Celente – The Cocaine High Continues But Here Is The Great Danger

Wednesday, June 6, 2018
By Paul Martin

KingWorldNews.com
June 06, 2018

The top trends forecaster in the world, Gerald Celente, told King World News that the cocaine high continues but here is the great danger.

The Cocaine High Continues
June 6 (King World News) – Gerald Celente: Cash-Juiced Markets Ready To Crash? Be Prepared. “After correcting in March, the Nasdaq hit a new high Monday and May was the best month for stocks since January…

Celente: continues: “Yes, corporate earnings are strong, but what’s driving the markets is more of the same fuel that’s been juicing them since their recovery from the Panic of ’08: Cheap and abundant money supply is feeding the overvalued markets with price/earning multiples rarely seen in the past century.

And corporations, thanks to President Trump’s generous tax breaks, which lowered rates from 35 percent to 21 percent, have put them on-trend to inject over $2.5 trillion into buybacks, dividends, and mergers and acquisition activity.

With the $1.5 trillion tax break and Trump’s reform plan that enabled corporations to repatriate some $3.5 trillion in overseas money, it is estimated they will invest some $1 trillion into stock buybacks and $1.3 trillion in M&A’s.

According to UBS, stock buybacks are up 83 percent year to date, while U.S corporate M&A activity surged 130 percent, accounting for some 40 percent in market performance this year.

The Rest…HERE

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