“A survey of institutional investors show that 65 percent see a change coming, with the biggest threats being geopolitical tensions and rising interest rates, according to Natixis, which surveyed 500 managers of pension funds, endowments, foundations and the like. Respondents also included sovereign wealth funds and insurance funds. In addition to seeing the bull market stopping, they also anticipate the next financial crisis coming in one to five years.”
USAGOLD note: The pros think the bear will be on the loose starting in 2019. Cox in this article reminds us that the Fed, just a week ago, warned that ‘a particularly large’ plunge in market prices is possible if risks materialize like those the professional investors cited in this survey. The 800-point drop of two days ago in short may have been a prelude to bigger things to come.
Image by © Francis C. Franklin / CC-BY-SA-3.0 [CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)]