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Stock Market
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Posted: September 19, 2011 |
'Critical Warning Number Six' Video Released by Popular Profit Confidential Financial E-Letter
According to Profit Confidential, “Something very big will happen in America within the next 180 days. It will be more devastating than the credit crisis of 2008. For most people, it will hit them like a brick wall. It will touch Americans harder and deeper than anything else we've seen since the Great Depression.”
New York, NY (PRWEB) September 13, 2011
The editors of Profit Confidential feel so strongly about their newest prediction, they’ve decided to present their "Critical Warning Number Six" in a new video.
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300.00 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
Michael Lombardi, one of the lead contributors to Profit Confidential, believes that America has not escaped the damage of the housing bubble and credit crisis of 2008. Lombardi was quoted as saying, “The economy is slowing down dramatically. Manufacturing is growing at its worst pace in 12 months. Consumer spending is drying up. Despite the good intentions of the Obama Administration and all its efforts to jump-start the economy, the United States is on the cusp of falling back into recession.
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