Most Dangerous Stock Market in History-Michael Pento

By Greg Hunter’s USAWatchdog.com

Money manager and financial expert Michael Pento says every corner of the globe is in economic trouble. Pento contends, “I think we are going to have a global synchronized collapse amongst the developed world economies: Europe, Japan, the United States and China, and you should be hedging against this market. Don’t forget, we have the most overvalued, most dangerous stock market in the history of the world. . . . Record valuations sit on top of an unprecedented earnings and revenue recession. The only thing we have left is the promise of ZIRP, QE and negative interest rates that don’t work. All they do is inflate asset prices. You should be short the market, and you should be long precious metals.”

Pento, who wrote a book titled “The Coming Bond Market Collapse,” says the global bond market is also in trouble, and recently defaulted Puerto Rican…

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