Posted on 07/16/2018 2:18:26 AM PDT by cba123
Look to the stock market and you'd assume Wall Street was doing just fine. The S&P 500 has come back to March highs, the Dow is back to positive for 2018, and the Nasdaq is at fresh records.
It's all built on shaky foundations, said longtime market bear and former Republican Congressman Ron Paul.
This market is in the "biggest bubble in the history of mankind," and when it bursts, it could cut the stock market in half, he told CNBC's "Futures Now" Thursday.
(please see full story at link)
(Excerpt) Read more at msn.com ...
Ron has been predicting economic doom for over 20 years.
If you had followed Ron in making investment decisions, you would be a pauper.
Also, the right companies are getting tanked in Trump’s economy.
General Electric, one of the biggest crony capitalist companies, was kicked off the Dow Jones average.
I like that “Free Traitors”....
Or S&H Green Stamps.
Think of precious metals as the ultimate insurance policy against financial instability.
Ron Paul is still around? Who knew!
I wish the Feds would issue Wall Bonds.
“So Ron Paul is trying on TV and in his own web ads to convince you to buy gold.”
Ron Paul is in the business of advertising gold firms, he’s a phony.
Please, right and it an investor has properly balanced his portfolio that “50% sell off” could be a 20% sell off AND a wonderful opportunity to buy.
I have been in the market for about 41 yrs and my portfolio has not varied from a balanced (55-45 bonds-equities) except very occasionally to a slightly more conservative position of 65-35 bonds to equities.
Over the entire down of my investing my after tax returns have been a very tiny bit under 10%. The portfolio is rebalanced when necessary usually twice yearly and all dividends are reinvested.
I am a powerfully strong believer in never risking in the markets any money you will need in the next 5 yrs.
It goes up, it goes down. When it goes down he will say he was right. When it goes up, he will say the bubble is getting bigger.
Ron Paul is not a credible source for market guidance
I remember them from my years living in the US during the 60s. Are they still around?
They were key to my first realization that I had the capability of wit.
My Mom and Dad were in the front seat of the car and the question came up between them of what the S and H stood for,
I quipped ‘Sam and Helen’, which were their names and they got a chuckle out of it.
I admire Ron Paul, but he is a bit of a flake.
Little Randy has called the last 29 of 2 bubbles.
Buying opportunity ahead.
Actually, at $15/oz, it IS a good time to buy silver. I love the 15-handle.
Nearly worthless as an investment. I'd rather have cash in a safe. It is only slightly better than a pocket with a hole in it as your money falls out.
Its for people who don't know how to make money work for you. Heck, an interest bearing checking account or CD is better (still not enough yield though).
Far more likely, the massive debt load of government entities will lead not to a sudden collapse but to a long, gradual squeeze on government budgets for current operations and a relentless drive for efficiency and to shed costs. Rand Paul ought to lay in some champagne because American government at all levels is going to shrink in size and diminish in its power and ambition.
Now those might be an investment on a shaky foundation, given our debt.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.