I read today, in the secular press, that many billionaires have just recently gotten out of the stock market. That does not sound like good economic news.
I read the same article. I am not sure how skewed the data was, however I agree that the outlook is grim. There is absolutely going to be a market correction. Last year they said up to 80 percent, now it is up to 90 percent. Every time I hear news that everything is now fine it reminds me of the news prior to the market collapse on black Friday. The question is not if, but when. From what I understand a likely trigger will be the bond market, which will affect the mortgage rates and will begin the domino effect. Thoughts?
2cor 7:1 Therefore, having these promises, most beloved, let us cleanse ourselves from all defilement of the flesh and of the spirit, perfecting sanctification in the fear of God.