First as a young commodities trader on Wall Street. Later as the co-founder of a firm that became one of the largest traders of gold in the world. Most recently as a senior analyst at Weiss Research, the nation’s leading independent investment ratings firm.
In early 1987, I predicted the worst collapse in U.S. stock market history.
At the time, the nation was enjoying one of its biggest economic booms. My prediction made me the laughingstock of Wall Street.
But they stopped laughing on October 19, 1987, when the Dow lost 23% of its value in a single day.
Twenty years later, I was one of only a few analysts who warned that we were in a housing bubble.
I said the housing crisis would take the stock market and the entire U.S. economy down with it.
And sadly, I was right.
Then in March of 2009, I said the worst was over and it was time to buy stocks again.
Over the subsequent years, the S&P rose by over 270%.
Not surprisingly, predictions like these have earned me attention from the news media, such as the New York Times, CNBC, and Forbes.
My academic training was in cultural anthropology. Economic anthropology, to be precise.
Ever since I was a student at Columbia University, I’ve been fascinated by the cycles and patterns that occur over and over again in human economies.
Over the years, I have learned that whether you’re selling an uninhabited island for $24 worth of “wampum” …
Or whether you’re standing on the same island and trading billions of dollars’ worth of “CDO’s” …
Human beings tend to make the same mistakes, misjudgments, and misunderstandings again and again.
And they do so in predictable patterns that often resemble “waves.”
These economic “waves” predict what the stock market will do next.
Be sure to follow my stock market insights by frequently visiting this section of the website so that you can aim to be ahead of the stock market curve.