According to a report in the link below, US billionaires including Warren Buffet, John Paulson and George Soros have been dumping their stocks to get out of the market. Should other investors be concerned?
On the flip side, there are other analysts and experts, including many in Singapore, who are now more optimistic and believe that the US economy is recovering and Wall Street would likely to continue to do well over the next year or so. Who is correct? We will know when the time comes.
For those who believe in the 7-year cycle of the Shmitah year of the Hebrew calendar, they may also like to take note of the next Elul 29 date falling on 13 September 2015. In the previous 2 occasions of Elul 29, i.e.
· Sept. 17, 2001 - the beginning of the economic calamity associated with 9/11 and the lowering of interest rates by the Fed resulting in the collapse of the stock market [DOW crashed 685 points]; seven years later,
· Sept. 29, 2008 - DOW crashed 777 points.
Coincidence? Would the DOW have another crash on September 13, 2015?
