Market Meltdown Update: Is It Over Yet?

Market Meltdown Update: Is It Over Yet? by Adam Taggart for Peak Prosperity

Just because the market has already dropped hard doesn’t mean it can’t fall further…

The financial markets have continued falling this week, making this recent crash the fastest plunge into a bear market in history:

Bear market crash chart

We’ve received a lot of questions from PP.com readers over the past few days:

Is the carnage almost over?

What’s going on with this week’s drop in gold, silver and the mining shares?

What should those who have lost a substantial percentage of their savings do now?

For those who were defensively positioned and avoided the plunge, is now the time to start looking at deploying ‘dry capital’?

To answer these questions, I just recorded another brief interview with the lead partners at New Harbor Financial, the financial advisor Peak Prosperity endorses.

While the S&P 500 has now fallen 30% since the February highs, New Harbor’s general portfolio is only down a mere 1%(!) over the same period. THAT’S the power of conservative management and prudent risk mitigation.

In the short video below, they emphasize that it’s not too late to take smart steps with your portfolio against further market downside:

Anyone interested in scheduling a free consultation and portfolio review with Mike and John can do so by clicking here.

And if you’re one of the many readers brand new to Peak Prosperity over the past few weeks, we strongly urge you get your financial situation in order in parallel with your physical coronavirus preparations.

We recommend you do so in partnership with a professional financial advisor who understands the macro risks to the market that we discuss on this website. If you’ve already got one, great.

But if not, consider talking to the team at New Harbor. We’ve set up this ‘free consultation’ relationship with them to help folks exactly like you.

SCHEDULE YOUR FREE CONSULTATION

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Chris Martenson

Build understanding, encourage small actions, then align with solutions. Many people have asked us, "Where are the large-scale solutions to all the problems you have described?" and "What should we do as a nation to avoid the seemingly inevitable consequences of this fiat money system?" We believe that we must reach a critical mass of individuals and ensure that they have an understanding of the ideas presented in the Crash Course, before any national or global solutions will even be possible. Because we are still quite far from this tipping point of understanding, we must first focus on educating. Many people have already reached a place of understanding and assumed responsibility for their futures, but most have not. Once we have achieved a critical mass of people who understand the issues and have taken responsible actions as a result, solutions will find more fertile ground in which to take root. The theory of action: building understanding Solutions should come from a position of understanding. Understanding arises from awareness, and awareness arises from the ashes of denial. In other words, the stages of action are: denial >> awareness >> understanding >> solutions. It is not enough for people to be aware that inflation exists, or that our monetary system has flaws, or that resources are depleting. If effective actions are to be formulated, then understanding is essential.