Mark Cook Sees 20% Stock Market Crash
For those of you who follow my blog, I have exited all long positions since the beginning of July. You never know how a correction can turn into a bear market or simply just rebound. Prudence is the key and to follow an exact system. Mark Cook called the market corrections of 1987, 2000, and 2007. He said we could be in for a 20% correction in the Dow, depending a great deal on the Federal Reserve and their actions. Cook says his proprietary indicator which is normally in lockstep with the market has peaked and we could be on the verge of that bear market. He went on to say this year looks much like 1987 and that the correction, if it does occur, could take a few months up to a year or more. Everyone has an opinion and making market calls is not what is going to make you money. You need to be consistent, follow a trading plan that tells you what to buy, when to buy, how much to buy and when to exit with a profit or a loss. Do not chase opinions. Be your own Guru. This is what I teach with my one on one mentoring. Learn to take control of your investments. How many investment advisors have failed their clients in 2008. You chose
My systems have me in cash on the SPY and Russell. However that can change very quickly. The put to call ratio is > 1. The last time this happened, the market rebounded.
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