A market crash on the scale of 2008 is looming… Buy safe havens
Equity markets are overvalued and overleveraged, and a crash on the scale of the last recession could be on the horizon, said Gerald Celente, publisher of the Trends Journal.
Celente told Kitco News that one possible trigger for such a crash could be an escalating war in the Middle East. “If we have a war that involves Iran, kiss the markets goodbye,” he said. Celente added that in such a scenario, oil prices could spike to $150 a barrel.