Yo! Maybe institutional traders haven't read this article yet because stock indexes sagged yesterday and this morning futures are downbeat 0.7%. Metals are steady tho...
Yo! Maybe institutional traders haven't read this article yet because stock indexes sagged yesterday and this morning futures are downbeat 0.7%. Metals are steady tho...
Most DOOMSAYERS have something to sell??
In my experience most polyanna, “ pay no attention to the man behind the curtain” brokers have something to sell.
Gold & silver are steady at well below historic peaks.
It’s not Germany 1923 by any means.
IMO watch oil technology stocks. Obama wants real bad to hurt our growing energy independence. Gas is up, too.
Those buy gold & buy silver infomercials are a real hoot.
Although I somewhat agree that doomsayers are often wrong, I really think we are now in a ‘new normal’ for the stock market; in the first place, there has never been such a large ‘quantitative easing’ which, along with low to nonexistent interest rates, warps the economy by making the stock market about the only place an investor can make a decent ROI; that however causes valuations to be inflated, and sets up a gigantic bubble; the old saw, ‘what goes up must come down’ certainly applies here; when this bubble does burst, I expect something on the order of a 50% correction. That’s why I sold at the end of 2014 and am holding all in cash, hoping to buy in at an unheard-of low...I am feeling richer already!
I have nothing to sell.
However, I do see patterns fairly well. This September will be the low point of a pattern that goes back over 100 years in the market. My advice is to get out of the market before September.
6) Charles Schultz was brilliantly prescient in his Peanuts strip decades ago when through Lucy he observed that “the reason mountain climbers are tied together at the waist is so that when one falls, they ALL fall.”
I got my undergraduate degree in Finance from a major university over 30 years ago. Only one thing that one of my professors told me has stuck with me all of these years.
If you pick stocks completely at random you will do better over time than over 50% of the professional money managers.
But I *like* panic and chaos.
Even if a crash is coming, what can the average citizen do about it? We don’t have enough wealth or political connections to get special deals. Banks pay literally less than nothing (negative return adjusted for inflation), real estate must be maintained and is taxed, gold and silver are incredibly volatile, a stuffed mattress can be stolen or destroyed, etc. I suppose one could simply spend everything and bank on the good will of others when one is too old or frail to keep working, but I don’t think that’s very wise.
I look at it this way. Money invested should first of all be like Las Vegas money (don’t start preaching about retirement and long term). Money that if lost will not severely impact your lifestyle. No one knows what direction the market will go. The market is a guess at future value. Consensus and momentum override fundamentals. The big boys move the market not retail investors. Finally, if you have profit it never hurts to take some or all even if you like the stick long term. Missing out on incremental profit is always better than taking a loss. Interest rates up market down. Your guess is as good as anyone’s. With volatility it is possible to trade for profit but timing is key. Example bought at 200 goes to 327 down to 280 back up to 302... All within a year. If the fundamentals are sound why trade. Buy on the dips. Ultimately you sell but that is part of your overall individual strategy. This is opinion and not advice. For that it’s up to you.
When I was in China a few weeks ago, in the middle of a very formal business luncheon, a couple of the Chinese engineers pulled out their phones and started excitedly showing each other various charts.
I asked our agent, after the meeting if they were looking at stock charts, his answer chilled me:
“Oh yes... EVERYONE in China is now excited about investing in stocks. They have gone up very rapidly”.
What could possible go wrong with millions of market novice Chinese professionals throwing everything they own in to stocks??
I get my stock advice from Yahoo forums.
About 5 years ago, we watched our grandkids for a week while their parents were vacation.
After picking them up after school, I watched Fox Business.
Our grand daughter watched the show with me. The second day after the usual on slaught buy gold/silver ads, She asked
The question all us should ask.
“Papa, if our dollars are worthless, why do these guys sell their gold/silver for worthless $’s?”
I told her, she asked the right ?, and she should remember that all of her life.
Her ? is still valid!!