“We’re just seeing history repeat itself,” Mannarino says. “The markets run in cycles.”
“The last time we were in this same spot was 2008 just at the top of that bubble. The time prior to that was at the dot com bubble.”
The yield curve is flattening out, which is a sign we’re heading for another crash. Mannarino says money is going to head to other places, such as gold, silver, and cryptocurrencies.
Cryptocurrencies may be a bubble, however, Mannarino says there is great opportunity in the space if you time it right. His favorite cryptocurrencies are Ethereum, Bitcoin, and Litecoin.