USA - Warning: A correction in the market is "inevitable" and there are three key factors that could spark chaos on Wall Street, according to James Advantage Fund president Barry James. The investor likened the market to Yellowstone National Park's famous supervolcano, which many believe is close to eruption. Stocks continued to hit record highs on Friday, with the Dow Jones Industrial Average setting its 8th consecutive all-time high.
"Even though [the market] looks beautiful — setting new highs, good momentum, and earnings have been coming in strong, [there are] things to worry about," explained the portfolio manager recently on CNBC's "Futures Now." Aside from the rise of passive investing, which James says is creating a "herd mentality" among investors, he also believed that the earnings picture isn't telling the whole story.
"In the 18 months ending in June, we saw companies that had no earnings, they were losing money, outperform those that were making money," said James. He highlighted many stocks' performances this year may not be reflective of their revenues.
“Just what is an APOSTLE?”
Today we find the Church of God in a “wilderness of religious confusion!”
The confusion is not merely around the Church – within the religions of the world outside – but WITHIN the very heart of The True Church itself!
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