Updated 2018 Predictions – Gerald Celente

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Top trends forecaster Gerald Celente predicted a 10% correction in the stock market for 2018. It already happened.  What are his updated predictions for the rest of the year?  Celente says, “What brought the markets down was the fear of interest rates going up.  Now, as you mentioned, we had forecast a 10% correction.  Here’s our forecast now.  We believe the Trump rally is near its peak.  It may go up more, and here is why it will.  Trump is allowing companies to bring back money from overseas.  All that dough they have stashed over there that they haven’t been paying taxes on, they’re going to bring it back and get a great tax break. . . . George Bush did that back in 2003 and 2004.  Do you know where the money went?  96% went into stock buybacks, not capital improvements.  Again, Trump gave them a 21% tax rate from the 35% rate, and that money, we believe, won’t go into capital improvements because when you look at S&P 500 earnings, they are doing really great.  They are expected to have a 19% increase this year.”

So, is Celente expecting another 10% correction in the stock market? Celente says, “Possible, yes.  The possible why is a black swan event and, in particular, war.  Do you see what is going on in the Middle East? . . . One of my sayings, and it goes for any country anytime and in any place, when all else fails, they take you to war.  They are ratcheting up war in the Middle East with Saudi Arabia and other countries against Iran. . . . If there is a war against Iran . . . If there is war in the Middle East, you will see oil prices spike to above $100 per barrel.  If that happens–bam, not only the U.S. equity markets, but you will see the global equity markets go into bear territory. . . .The markets are overvalued, the price/earnings (PE) ratios are in the 26 range, and 14 is usually the average.  They are near historic highs by many measurements.”

Celente also points out another big headwind for the markets. Celente says, “Rising interest rates.  Look at the numbers that came out last week on housing.  Boom!  Mortgage applications down, and purchases down on all different levels.  Interest rates are going up.”

Celente likes gold but predicts nothing is going to happen until “it hits $1,450 per ounce and stabilizes around that price.” Celente also predicts, “The United States wants a weaker dollar so we can increase our exports. . .  I am betting on a weaker dollar.”

Join Greg Hunter as he goes One-on-One with Gerald Celente, Publisher of “The Trends Journal.”

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Comments
  1. Gary Cooper

    https://www.youtube.com/watch?v=wsbWhFdlu8I
    New Zealand get ready for Hillary! In here own words, an incredible event! Named after Sir Edmund. Born in Chicago, five years before his climb of Everest, an incredulous event considering.
    https://www.youtube.com/watch?v=gprUhbsiRos
    Clinton Cash

    • Neil

      Yeah Obama is coming here too. Don’t know why they think they are welcome. Probably here to extract Clinton Foundation ‘donations’ from the new government.
      NZ is better informed than you might imagine for a small isolated country however. Comey got several death threats while he was here.
      If these people ever got the idea NZ was a good place to move to they might get in a megalomaniac wave but they wouldn’t make it off the boarding stairs….

    • Bob

      Can’t wait.
      Why can’t we have Trump instead?

    • Paul ...

      Remember Christen Lagard’s infatuation with the number 7 … well “another incredible event” much greater then that “law breaker Hillary” is taking place not just in New Zealand but around the entire world … 7 bowls of poison are now being poured down upon the Earth by Jesus Christ himself … “he has had enough” of all the neocon warmongers evil (continuous wars and the killing of women and children) … the poison Jesus is pouring down will spell death to all the evil Satanist warmongers and pedophiles … even his “chosen people” given God’s word (the 10 Commandments) “have failed to obey” as they are still “money changing” and doing other bad things “sexually” … thus our Pacific Ocean has already been poisoned with radiation … the Sun already grows hotter and hotter, etc., etc. … the crime of killing and beheading Christians (by creating ISIS) will