Mark D. Cook is known for anticipating the 2001 and 2008 U.S. stock market crashes
(and made a small fortune betting against the market).
In recent years, he predicted that the U.S. bull market which began in 2009 would meet a similar fate. He and I even collaborated on a book about bear markets, published in 2015.
In our most recent conversation, Cook said he was convinced that this current bull market was on its last legs. He said it had gone on too long and gone up too high.
2016, Cook had become infuriated by the Federal Reserve’s bond-buying spree and felt that financial markets should be left alone, without central bank interference.
By this year, Cook was convinced that the U.S. market’s valuation had inflated into its biggest bubble ever — and when it popped it would devastate both the U.S. economy and investors’ portfolios.
MarketWatch 2 december 2021
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