Mr A has predicted a stock market crash every year since 2010 onwards until 2020. So far, he has not had a single year of being correct, although even a broken clock will eventually tell the correct time for a split second...
I think he has been right 50% of the time. For instance, since 2010, we experienced 5 distinct market crashes in the USA.
5/6/2010 - Flash crash of the Down Jones. The Dow dropped nearly 1,000 points before a partial recovery.
8/1/2011 - S&P 500 entered a short-lived bear market between 2 May 2011 (intraday high: 1,370.58) and 04 October 2011 (intraday low: 1,074.77), a decline of 21.58%.
8/18/2015 - The Dow fell 588 points during a two-day period, 1,300 points from August 18–21. On Monday, August 24, world stock markets were down substantially, wiping out all gains made in 2015, with interlinked drops in commodities such as oil, which hit a six-year price low, copper, and most of Asian currencies, but the Japanese yen, losing value against the United States dollar. With this plunge, an estimated ten trillion dollars had been wiped off the books on global markets since June 3.
9/20/2018 - The 2018 cryptocurrency crash. The S&P 500 index peaked at 2930 on its September 20 close and dropped 19.73% to 2351 by Christmas Eve. Bitcoin price peaked on 17 Dec '17, then fell 45% on 22nd Dec '17. The DJIA falls 18.78% during roughly the same period. Shanghai Composite dropped to a four-year low, escalating their economic downturn since the 2015 recession.
2/24/2020 - The S&P 500 index dropped 34%, 1145 points, at its peak of 3386 on February 19 to 2237 on March 23.
Keeping in mind that people very often throw the term "Stock Market Crash" in the air, but don't always take into account that there are distinct percentage differences that distinguished what constitutes a market drop following a crash, correction and bear market. If Mr. A meant a stock market crash like in the great depression, that's a different story altogether.
Regarding Bitcoin he called it a bubble and "vaporware" back when it was just $300 per coin. His stubbornness and pig-headedness did not work out well for him (at least in these areas of investing - I suspect in others areas he must have done OK).
I disagree with his stance on BTC being vaporware, but he is also a staunch supporter of gold, which I also disagree with at this point in time. Back before the 1970's, I would have said gold is a great investment and hedge against inflation. But after 1971, following Nixon's decoupling of the dollar to gold, that was the paradigm shift that sealed gold's fate in my mind.
I can see Mr Anabolic cracking his knuckles, fingers hovering over his keyboard
I am patiently awaiting his triumphant return to the battlegrounds. While his views might be a tad extreme at times, the market is certainly behaving in his favor.
I see him moonwalking in to this little piece:
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