I spent several years of my career in real estate, so I've seen a bubble or two. I've watched them inflate, I've stepped out of the way, and I've watched them explode into carnage.
It's never pretty.
Right now, with so much attention on global growth, tariffs, tax reform, and the stock market, no one is really paying attention to a bubble – a dangerous one – forming up right now in Europe.
Why care about Europe?
Well, Europe matters to us – a lot. It matters because a steady flow of buy orders from European dealers, banks, and investors is required to keep U.S. stocks and bonds inflated. U.S. markets would collapse without European buying.
I'm going to show you some charts in a minute – some of the scariest charts I've seen since 2008, really.
And then, of course, I'm going to tell you exactly what kind of cash position you need to have to get through what I think is coming around the corner…
About the Author
Financial Analyst, 50-year charting expert, finance + real estate pro, and market analyst; published and edited the Wall Street Examiner since 2000.