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Financial Experts Warn of Imminent Market Crash — How
Financial Experts Warn of Imminent Market Crash — How
Financial Experts Warn of Imminent Market Crash — How to Safeguard Your Portfolio
Financial Experts Warn of Imminent Market Crash — How to Safeguard Your Portfolio
GOBankingRates
5 hrs ago
© Ondine32 / iStock.com
Business Man in the City.
Record stock market highs and unprecedented housing prices have led to financial experts sounding the alarm on an imminent downturn.
In a conversation with Business Insider, Toews Asset Management CEO and founder Phil Toews likened the absurdity of the current market to tulip bulb mania in the Netherlands.
Tulip mania was one of the most famous market bubbles of all time. In the 1600s, the prices of exotic tulip bulbs soared to today’s equivalent of hundreds of thousands of dollars. Clearly overvalued, prices eventually sank sharply, and the bubble burst.
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