When something fails and crumbles, there is always a pessimist that says “I told you so”. Now that we are able to look at back at the beginning of this financial crisis, there were several telltale signs that indicated that the stock market and some exchange traded funds (ETFs) might have been over inflated and due for a decline.
- Peter Schiff read the financial industry like a children’s book, but was drastically wrong when it came to his predictions on commodities, his position on the U.S. dollar and his forecast of the stocks of developing nations
- The famous Warren Buffet made errors by heavily investing in bank stocks and sold an immense put on the market thinking that it would bounce back to its 2007 highs within seven years
- Ben Stein’s own take on Merrill Lynch, believing that the financial giant was a sound investment – and we all know what happened to it
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.