In his final warning, this stock trading wizard --- who made big money in bear markets and crashes --- called this market a bubble like no other

Mark D. Cook, a veteran options trader who was featured in author Jack Schwager’s best-selling “Stock Market Wizards” book, passed away in late October. I had planned to speak with him to discuss his bearish views on the U.S. stock market, which grew more ominous each week and shared in his twice-daily market advisory service.

“Think of a vacant building that has a gas leak,” Cook once told me. “The gas has been leaking for a long time. The longer the gas leaks, the bigger the explosion. It will take a catalyst to trigger an explosion, but no one knows what is the trigger point. The longer the gas is in there and ignored, and forgotten, the greater the explosion.

Clues that a bear market is near Although it’s tricky to predict when a bear market is near, there are clues. Here are some of Cook’s key signals: 3. Prices are always the last indicator to fall: Cook often said that the public watches stock prices for clues of a bear market, but that prices are the last domino to fall. No one knows what causes a crash or bear market. The catalyst usually comes from a source that no one has foreseen, hitting a market that is already weak. Prices plunge and everyone realizes the market is in serious trouble. According to Cook, the clues were obvious weeks or even months earlier.

How did he do over the last 10 years? He needs a big correction just to make his money back.

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Please leave the rest of the world out of the American bubble....not all markets are inflated. Hopefully the bubble stocks can deflated without lobal Armageddon.

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The market goes up, the market goes down. What's normal up and down today would have been horrifying a few years ago. If it goes down far enough, buy, buy, buy.

The market has been expected to crash every single year from at least one person

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