{"id":111119,"date":"2009-12-29T10:37:20","date_gmt":"2009-12-29T15:37:20","guid":{"rendered":"http:\/\/www.businessinsider.com\/eric-sprott-stocks-heading-below-march-lows-were-in-a-two-decade-bear-market-2009-12"},"modified":"2009-12-29T10:37:20","modified_gmt":"2009-12-29T15:37:20","slug":"eric-sprott-stocks-heading-below-march-lows-were-in-a-two-decade-bear-market","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/111119","title":{"rendered":"Eric Sprott: Stocks Heading Below March Lows, We’re In A Two-Decade Bear Market"},"content":{"rendered":"

Here’s a big non-shocker. Eric Sprott, the Canadian gold bull who thinks the Federal Reserve is a gigantic ponzi scheme<\/a> (literally), things we’re heading below our march lows. Look, if that’s true, and it turns out the government is just creating numbers out of thin air, we agree. Stocks are toast.<\/p>\n

Bloomberg<\/a>: The Toronto-based money manager, whose Sprott Hedge Fund returned 496 percent over the past nine years while the S&P 500 lost 32 percent, said the index’s 67 percent rally since March reflects investors misinterpreting economic data. He’s predicting the gauge will fall 40 percent to below 676.53, the 12-year low reached on March 9.<\/p>\n

“We’re in a bear market that will last 15 or 20 years, and we’ve had nine of them,” Sprott, chief executive officer of Sprott Asset Management LP, which oversees C$4.3 billion ($4.09 billion), said in an interview Dec. 18.<\/p>\n

Read the whole story — ><\/a><\/p>\n

Join the conversation about this story »<\/a><\/p>\n

See Also:<\/b><\/p>\n