Never have we seen the Dow drop more than 1000 points, and now we’ve seen it happen twice in this week. But stocks are still extremely overvalued, Fund Manager David Kranzler tells Silver Doctors. “The stock market could get cut in half and it would still be overvalued.”
Volatility spiked this week. The VIX is the highest it’s been since 2011. The Dow is down 10 percent from it’s high, but will it drop further? Kranzler says he would not be surprised if stocks fell another 50 percent.
Also in this week’s SD Metals & Markets:
– Gold and silver are correcting as well.
– The rising 10-year Treasury yield is bearish for the housing market.
– The new Fed Chairman will not change Fed policy.
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