Greg Hunter – 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.