"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.
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a business day "MarketReport" on YouTube.