We are now in June 1930, according to trader/author Ron Coby, a friend and neighbor of one of our favorite underground investors Dan Ferris. (Ferris is a member of the Stansberry & Associates Investment Research team and editor of Extreme Value. ) Ron believes stocks are going to plunge – just as they did from June 1930 to July 1932 when the crash that began on October 24 1929 finally bottomed.

“It is possible that some brainless members of the U.S. Congress may have introduced a bill that seeks to nationalize pensions, but I hope that it will not be given serious consideration, even by the liberal Democrat majority now in control.”