One of the hottest things on Wall Street today: This big presentation by Raoul Pal.
In it, the former hedge fund guy-turned-independent analyst calls for The End Game in a major crash that happens probably next year.
It’s not the first time we’ve heard from Pal, who is a pretty famous bear.
The last time we wrote about him was May 18, 2010, when argued that a big crash was coming in 2 days to two weeks.
So how’d that turn out?
There really wasn’t much of a crash at all. Stocks fell for a few more days, and then went on a huge surge throughout the rest of 2010.
Here’s a chart of the S&P starting on May 18, 2010…