Dear Reader, In October 2021, Vern Gowdie issued the following warning: ‘Yet another generation of growth investors is walking into a well-set trap. ‘And, just like with the GFC, a very small number see exactly what’s coming. ‘They’re either selling — and leaving the dumb retail investors holding the bag (as always happens at the end stage of an up cycle). ‘Or they’re making moves to actually PROFIT when the trend turns. ‘All the signs are indicating we’re in the late and highly dangerous stage of the cycle with tech stocks.’
Vern specifically targeted Cathie Wood’s ARK fund as the ‘canary in the coal mine’. No one embodies the everything bubble quite like Cathie Wood and ARK. It gave investors 40% annual returns for five years before 2021. Since Vern’s 22 October warning, Ark has fallen by 57%. At the time of writing, big tech and small tech stocks alike are getting hammered. What’s Vern predicting next? Is this the start of the wider market crash we’ve all been waiting for? If so, what should you be doing right now? Click here to find out. Regards, James Woodburn, Publisher, Fat Tail Investment Research |