BY JL YASTINE
\nThe Soveriegn Investor<\/p>\n
Several noted economists and distinguished investors are warning of a stock market crash.<\/p>\n
Jim Rogers, who founded the Quantum Fund with George Soros, went apocalyptic when he said, \u201cA $68 trillion \u2018Biblical\u2019 collapse is poised to wipe out millions of Americans.\u201d<\/p>\n
Mark Faber, Dr. Doom himself, recently told\u00a0CNBC that \u201cinvestors are on the Titanic\u201d and stocks are about to \u201cendure a gut-wrenching drop that would rival the greatest crashes in stock market history.\u201d<\/p>\n
And the prophetic economist Andrew Smithers warns, \u201cU.S. stocks are now about 80% overvalued.\u201d<\/p>\n
Smithers backs up his prediction using a ratio which\u00a0proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.<\/p>\n
Even the Royal Bank of Scotland says the markets are flashing stress alerts akin to the 2008 crisis. They told their clients to \u201cSell Everything\u201d because \u201cin a crowded hall, the exit doors are small.\u201d<\/p>\n
Blue chip stocks like Apple, Microsoft, and IBM will plunge.<\/p>\n
But there is one distinct warning that should send chills down your spine \u2026 that of James Dale Davidson. Davidson is the famed economist who correctly predicted the collapse of 1999 and 2007.<\/p>\n
Davidson now warns, \u201cThere are three key economic indicators screaming SELL. They don\u2019t imply that a 50% collapse is looming \u2013 it\u2019s already at our doorstep.\u201d<\/p>\n
And if Davidson calls for a 50% market correction, one should pay heed.<\/p>\n