Is the Rally Finally Out of Steam?

by Greg Guenthner
Daily Reckoning

Stocks slumped yesterday. Crude slipped below $40, losing more than 4% on the day. Gold futures dropped a whopping $25.

Are markets on the brink once again?

Rich Dad thinks so.

Robert Kiyosaki of “Rich Dad, Poor Dad” fame says total collapse is upon us. He predicted as much in his book “Rich Dad’s Prophecy” way back in 2002.

“Fourteen years ago, the author of a series of popular personal-finance books predicted that 2016 would bring about the worst market crash in history, damaging the financial dreams of millions of baby boomers just as they started to depend on that money to fund retirement,” MarketWatch reports. “Kiyosaki is convinced: The pullback he predicted is happening.”

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