RT 13 Apr, 2018
US stock markets are currently passing through the same peaks
they faced 11 years ago, right before the massive sell-off that
triggered the 2008 financial crisis, according to Phil Town, who sold
his stocks before the crash.
“I think we are right
on the brink. The logic is pretty straightforward from a fundamental
point of view, we are at a relationship between the Wilshire GDP ratio
which is almost unprecedented historically, where we have a relationship
that is historically the Wilshire's 70 to a 100 percent value of GDP,” the investor told The Street.
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