Mega-crash is coming, get ready! Expert urges act now on Warren Buffett 'rule number one'

www.express.co.uk
3 min read
fairly easy
A HUGE mega-market crash is fast approaching and people need to act now to avoid inevitable economic disaster, a leading investment expert has warned.
Financial expert predicts a market crash in October

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The Covid pandemic over the past 18 months has continued to blow gaping holes in markets around the world. Economies are attempting to bounce back and ease their way out of the financial crisis, but some significant and lingering problems refuse to disappear. Tom Stevenson, an investment director at Fidelity International said although it is now known if a sharp correction in markets is around the corner, "the odds are clearly shorter than they were".

He warned the "list of things to worry about has got considerably longer since the spring" - just as countries were beginning to ease lockdown restrictions brought on by the pandemic. These mounting issues now include inflation, ever-creaking supply chains, surging energy costs, an imminent turn in the interest rate cycle, stretched profit margins and slowing earnings growth Mr Stevenson wrote in The Daily Telegraph: "Even if it is not imminent, a correction will happen at some point. "If you look at the performance of the S&P 500 in the three years following each of…
Paul Withers
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