Another similarity between 2007 and 2008 has hit.
The first major warning sign of the 2008 meltdown was several Bear Stearns hedge funds that specialized in subprime mortgages imploding.
The UK is now experiencing something very similar.
Three more fund managers have stopped investors from leaving their UK property funds, trapping an additional £5.5bn and bringing to six the funds unable to meet withdrawal requests after the Brexit vote.
More than half of the £25bn of funds committed to commercial property by retail investors is now locked down by managers, who are under pressure to sell buildings to raise cash.
Henderson Global Investors said on Wednesday that it had suspended redemptions from its £3.9bn UK property fund.
Source: Business Day Live
Despite the Bear Stearns hedge fund blow up, stocks hit a new all-time high in late 2007. They are doing the same thing today, ignoring numerous major warning signs that the business cycle is ending.

But meanwhile, fundamentals (earnings) are in a free-fall.

By the time the market catches up to reality, we'll have another crash. Only this one will be even worse than 2008.
The time to prepare for the next Crash is NOW, before it hits.
On that note, we are already preparing our clients for this with a 21-page investment report titled the Stock Market Crash Survival Guide.
In it, we outline the coming crash will unfold…which investments will perform best… and how to take out “crash” insurance trades that will pay out huge returns during a market collapse.
We are giving away just 1,000 copies of this report for FREE to the public.
To pick up yours, swing by:
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Best Regards
Graham Summers
Chief Market Strategist
Phoenix Capital Research
