Top UBS Analyst Predicts Carnage For The US Dollar & Equities
January 16, 2013
On the heels of Germany looking to repatriate their gold, today King World News spoke with top UBS analyst Peter Lee about his rather frightening forecasts for the US dollar and equities. Interestingly, his call for the dollar to plunge comes right after Germany expressed that it wants its gold out of the Fed and back inside German vaults. If Lee is right in his outlook, this will have massive global ramifications. Lee also provided KWN with some incredible charts to back up his rather ominous predictions for both the dollar and equities.
Here is what top UBS analyst Peter Lee had to say, along with powerful charts: “We are nearing a couple of inflection points coming up in the markets. There is a distinct possibility that all of this converges in the upcoming two-year window between 2013 and 2014. This will be greatly impacting equities, bonds, and currency markets.
We are about to enter this convergence period, and we suspect in the second half of this year and into 2014 we will see a great deal of major movements in these financial markets. The charts below go back to the Great Depression when we had an 85% drop in the S&P.
What is very interesting about these particular charts is the debate between the bulls and the bears as to where the market gets ‘cheap.’ So the question is, at what level will the market have to fall in order to create a buying opportunity?