An array of evidence suggests that a crash in equities might be just ahead.
I know, I know, retail sales are up so everything’s wunnerful, but the captain of Global Equities Flight 2011 just instructed the passengers to assume crash positions. It seems the captain has the distinct advantage of being able to see what’s just ahead, not to mention being able to monitor the engines and fuel levels. (Hmm, did the starboard engine just conk out? Not good….)
Levity aside, there are unnerving similarities between the present and the pre-crash 2008 equities market.