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GloomBoomDoom Report/Marc Faber/5-1-2022
“From the November 2021 high, the S&P is “only” down 12%, but the NASDAQ 100 Index is down 22% and the NYSE FANG Index (NYFANG) is down 34%. At the same time the long-term Treasury bond ETF (TLT) is down from the early December 2021 high by 21%, and from the all-time high in March 2020 by 32%. In other words, since November 2021, financial asset investors around the world have lost approximately 20% of their money.”
USAGOLD note: A warning on the current economic and geopolitical situation from a veteran analyst known for his no holds barred approach to investments. He ends his review with a bit of a chill: “I hope my readers will choose their investments wisely with the view of minimalizing their losses.”
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