I don't believe in "the crash". Do you seriously believe we can go through a bigger stock market crash than 2008? What would cause it?
All these things would only bring the market down 20 - 30 percent in my view:
- Chinese crash (e.g. from housing bubble or from bad outstanding loans)
- oil crash (another one)
- Donald Trump becomes president
- global recession
Just a few off the top of my head...
- The US is $20 TRILLION in debt and it's going up (Odumbo added $10 of those trillion over the last 8 years).
- The real unemployment rate is close to 25%, not 5%.
- 90% of the jobs created over the last couple years have been part time service jobs that pay $7.25-$10/hr.
- There are 48-50 million people using EBT cards.
- 60% of people in the US have less than $1000 in their bank account.
- Only 33% have more than $1000 in their 401k.
- The US dollar is losing value rapidly (i.e. inflation). It buys less and less goods/services every year.
- Food companies are continually shrinking their packaging sizes, but charging the same or more for their products ~aka~ "Shrinkflation"
- The median income in the US is about $52,000... that is less than it was 15 years ago.
I could go on and on, but I'll stop there.