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Mark Mobius says there’s a 30% correction coming for U.S. stocks

Posted by Mr.Copper @ 16:41 on April 17, 2018  

part:

“I can see a 30% drop,” said Mobius, who launched one of the world’s first emerging market funds. “When consumer confidence is at an all time high, as it is in the U.S., that is not a good sign.

“The market looks to me to be waiting for a trigger that will cause it to tumble. You can’t predict what that event might be — perhaps a natural disaster or war with North Korea.”

Mobius, who predicted the start of the bull market in 2009, has concerns that any fall would be amplified by the increasing use of exchange traded funds, which account for nearly one-half of all trading in U.S. stocks. His fear is ETFs would trigger further drops once markets fall.

https://www.marketwatch.com/story/mark-mobius-says-theres-a-30-correction-coming-for-us-stocks-2018-04-17

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.