I’m expecting the Dow to drop to 18,000 by January.
I should be crying...but when voters are so dumb as to cut their noises off to spite their faces...one must laugh at the insanity that is present in the minds of the American voters!!!
America...Welcome to the Land of Socialism, Communism, Democrat Party TYRANTS...1984...BIG BROTHER!!! You deserve it America...you voted for it!!! LMAO!!!
It’s not going to be the Democrats killing the market that’s going to hammer the market.
If you look at the FANG stocks, with the exception of Netflix, they are all deep state and Darpa conceived projects.
In Netflix case, it may well be its been involved in laundering money for the left. Google is DARPA conceived, Facebook is DARPA conceived (Lifebook), and Amazon was built on fat deals with USPS and other government contracts.
Facebook has been caught in defrauding customers and selling their customers data to everybody.
Apple? Oddly, of everyone, they may be the ones who are the most rational actors here, but that remains to be seen. Out of ideas, without question.
That these companies have the valuations they do is ridiculous. The news is finally catching up to the hype.
With the exception of Apple, none of those companies really built anything of world-shaking consequence. Nobody was cured or saved. Nobody is living in a world with power or water too cheap to meter. It’s a lost couple of decades in terms of innovation on a grand scale.
Reminds me of the 80’s, and then the 00’s, with lost decades of our brightest minds going to Wall Street to build financial products of mass destruction.
My one regret is that I always split my account into broad market stock funds and bonds by a fixed percentage (i.e. 70/30 split in favor of stocks, for example). When the market tanks, I sell bonds to buy cheap stocks and get the ratio back. When it skyrockets, I sell stocks and buy bonds to keep the ratio right. In doing this I'm selling high and buying low, always. If stocks tank, what's left?
But my wife dragged me to a family friend to review my simple portfolio and he talked me into significantly upping the percentage of stocks. I did it at the beginning of Summer, sold a bunch of bonds and bought stocks. Which means I bought high. And now it's lower and I have not much in my bond fund to sell to buy them low. I really screwed up my plan by listening to that guy. In his defense, the bond funds were making bupkis. So I definitely had too much of that.
Honestly though, if we entered into a sustained bull market I don't know where money can go anymore. Bonds are terrible, real estate isn't so great either.
Get in the invaders and they can vote for worse.
Tagline change
Aim Low! lol...
What bothers me about the market is the ten or twelve percent of froth that everybody knows is a fraud...
Given any provocation the “pros” panic, and down goes the froth, the float, so to speak, about which the little guy can do nothing at all.
My view has always been that if the scam is such that ten or twelve percent is always just for someone else’s fun and profit...screw the street.
I don’t do business with anyone else on such a reckless premise.