Next Financial crash looming?
The media are talking up the fact that the recovery is here to stay but I have my doubts. I've been flying recently with a lot of "Elliot Wave" stalwarts who tell me the next "wave 3" is about to descend upon us. This next one will see the S+P drop by 800 points and the dollar appreciate in value, leading to deflation as every one sells assets and starts buying the greenback. I'm just wondering when this cataclismic event is likely to be? Seems the smart thing to stay out of buying property at the moment, any opinions?