Proof The Bible Is True

“The article notes ominous parallels between now and just before the market crashed in 2007.”  Admin

The story goes that in the Winter of 1928 Joe Kennedy, father of President John F. Kennedy, went to have his shoes shined. When the shoe shine boy finished he offered Kennedy a tip. “Buy Hindeburg,” he said.

Kennedy promptly sold off all of his stock holdings. Within a year the United States saw a massive stock market crash that wiped out the life savings of millions of Americans and ushered in a decade’s long Great Depression.

When asked why he sold all his stocks Kennedy replied, “You know it’s time to sell when shoeshine boys give you stock tips. This bull market is over.”

Throughout history there have always been critical warning signs in the midst of financial exuberance that signaled the bursting of the bubble.

According to a report from Bloomberg the warning siren may have just gone off again.

Individuals Pile Into Stocks as Pros Say Bull Is Spent…

Main Street and Wall Street are moving in opposite directions.

Read More  The Final Warning: Individual Investors Piling Into Stocks, Market Leverage Hits All Time Highs | InvestmentWatch.