When (and why) will the next market crash occur?
We are now in the longest running bull market in history at 9½ years – and no bull market has ever made it to its 10th birthday.
“While there’s no guarantee this bull market will crash before it hits its 10th birthday in early 2019, we do know that, historically, the longest-running bull markets go out ‘with a bang, not a whimper,’” Pamela says.
Cyber Attacks and Disruptions to the Power Grid – Attacks by countries like China, North Korea, Russia, and Iran are becoming more common and more debilitating.
China Could Crack – China has so far weathered the threats of a trade war and a rising But a real-estate crash or defaults of local government-owned financing vehicles could be the breaking point and would impact our economy.
Trump Might Be Impeached – Although he would likely stay in office, confidence in the bull market that really took off when Trump got elected could be undermined.
Very Tight Labor Market – An incredibly tight labor market has resulted in 911 emergency call centers not being able to get enough people to answer the phones. And prisons are now training inmates to be coders. What could possibly go wrong with that?
“The bottom line is that the current bull market isn’t going to last forever. If you don’t have a ‘Plan B’ for the next market crash and a significant portion of your savings portfolio in safe and liquid financial vehicles, you are in for some serious pain that could last for many years.” Pamela advocates The Bank On Yourself wealth-building strategy that’s never had a losing year in more than 160 years.