Mike Maloney accurately predicted the 2008 financial crisis when everyone said he was crazy. Now he’s back with an even more urgent warning: we’re witnessing the biggest stock market bubble AND the biggest real estate bubble in history — happening simultaneously.
This has never occurred before. Not in 1929. Not in 2000. Not in 2008.
The 200-to-Zero Exodus
The most shocking data point in Maloney’s analysis? Last week’s insider trading ratio.
Normally, corporate insiders sell their company stock at about a 3-to-1 ratio compared to buys. But out of the top 200 insider trades by value last week, there were exactly zero buy orders. That’s a 200-to-0 sell ratio—something Maloney says he’s “never seen in his life.”
When every single corporate insider is heading for the exits, they know something retail investors don’t.
Historic Valuation Extremes
Multiple indicators confirm we’ve surpassed both 1929 and the dot-com bubble:
- The Buffett Indicator: Shows stocks worth 2X the entire U.S. economy (historical average: 50-60%)
- NASDAQ Insanity: The index’s market cap equals 145% of all U.S. money supply
- Composite Metrics: When combining PE ratios, price-to-book, and other indicators, we’ve hit the most expensive valuations in recorded history
The kicker? Previous crashes didn’t even bring values back to historical norms. We’re starting this correction from the stratosphere.
Investing in Physical Metals Made Easy
Open an AccountWhy This Time Is Different
What makes today’s situation uniquely dangerous is the double bubble:
- 1929: Stock bubble only
- 2000: Stock bubble only
- 2008: Real estate bubble only
- 2024: Both stocks and real estate are at historic highs simultaneously
The real estate data is alarming: home sellers outnumber buyers by nearly half a million (largest gap ever recorded), and the median homebuyer age has risen to 56. Meanwhile, mortgage delinquency rates have already reached 2011 levels—before any recession has even started.
The Smart Money Has Left the Building
Beyond insider selling, other indicators are flashing red. The Dow Transportation Index has diverged from the broader market since July 2023 — a pattern that preceded previous major crashes. When shipping companies aren’t keeping pace with market valuations, it signals that real economic activity doesn’t support stock prices.
Maloney’s conclusion is stark: “When everything else is falling, gold and silver are going to be rocket propelled.”
His warning deserves attention. The man who profited from the 2008 crash while others lost everything sees a storm coming that will make that crisis “look like nothing.”
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