Gregory Mannarino: Next Financial Meltdown Blamed on War
[youtube=https://www.youtube.com/watch?v=adurRBON0B4]
- Gregory Mannarino: Next Financial Meltdown Blamed on War
by Greg Hunter’sUSAWatchdog.com
Trader/analyst Gregory Mannarino says the overall trend in the stock market is down, and he is anticipating more central bank intervention to keep propping up the sinking economy. Mannarino contends, “Without any doubt, they are going to keep doing this. They are going to keep trying to intervene in any way possible with things we can’t even think of yet. In my opinion, the main goal of all of this is to bring us to war. Bring us to war as this whole thing begins to meltdown, so they can blame it on that. They are going to look for a scapegoat . . . because it’s so distorted and so twisted it has to correct to fair market value at one point. They can keep twisting it and distorting it and manipulating it and faking data, but at one point, they are going to have to pay the piper. Everyone is going to have to pay the piper, and that’s going to be a terrible moment.”
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As far as the near term for stocks, surprisingly, Mannarino says, “To me, this is looking very bullish in the short term. . . . It does not mean this market is going to go straight up. . .” Mannarino also adds, “I think the stock market is going to retest the highs with regard to the Dow back in May. It is going to take something extraordinary to push it beyond that. We may bump up against it, bump up against it and then roll over at that point. . . .This market is still way over owned and way over valued.”
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