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In hindsight, I think you’re absolutely correct that our politicians should have done far more from a fiscal policy standpoint to provide support to individuals. Of course that didn’t happen in large part because of the “free market” crowd screaming socialism and warning about runaway inflation.
I’d love to hear more details, and a prediction as to how deep you anticipate the correction being. I don’t disagree that some equities are currently overvalued, but I don’t see a massive bubble like we had 10 years ago. Do you?
It’s hard to say it will be “as massive as 10 years ago.” But yes, I see another large correction in equities. Anywhere from 25-40% correction. What will the catalyst be? On what date will it happen? No idea.
You’re right. Probably ought to go somewhere else. Not sure of the right thread.
Do you have a financial background? Every few weeks it seems you pop in here predicting disaster. So far you have never been right but who knows you might be right one day.
Is a financial background required to post here?
No, just wondering why you always come to post when the market goes down but never when it goes up and at times seem happy when it drops. If you hate Trump so be it but the market impacts much more than that.
It’s possible to be worried about the market, generally bearish, aware of warning signs.......and have that be completely unrelated to Trump. That’s where I’ve been at for many years, pre-dating Trump.
Oh, I don't see why not. We have plenty of that all over the tube, etc. If anything what's in here is muted compared to the "professionals". Nobel prize winners, even.
Maybe we need a "How to post in a financial thread if you are a financial pessimist" thread so we all know the right way to post on this topic.
Posting here when I have time. Which is generally what I do. That’s not really market dependent.
I'm not sure there's much to comment on. Manufacturing index is down again. For those counting, that's an index contraction from 58.8 to 48.1 in a year. Trump has stated we "may" need to wait until after the next election for a China trade deal. Copper is $2.64 per pound and dropping. Major investment advisors are recommending cutting investment in the major indexes by 50% or more. Those are all things we've discussed a lot and are already priced in to what those of us who think bad things are coming have been thinking for some time.
Sounds good for gold, Henry.
I'll be honest, I'm not much of a gold guy. It's never made more sense to me than government-backed securities.
"I don't want to comment on that, but the answer is no. But I don't want to comment."
I don't think I provided very much of my opinion in there. I recited factual matters. Which are not comments.
You just won the FFA today, Henry.
This ain't true, but if it was would be a great philosophy to follow.
I was actually thinking this weekend about how if any of the Trumps were truly brilliant, this would be an amazing circumstance to be able to test their own quant algorithm. Knowing what's going to happen, that it's all going to be bluster and cause shifts in the market - and there's no actual insider trading going on, it's just stress testing a quant system.
The Spanish threw platinum into the ocean because they wanted silver instead, and they never realized what they had.
Oops?Sheriff Bart said:
I'm sure everything is just humming along at an unprecedented rate (0,4% - best economy ever) and this has all already been baked into the stock market
Because Trump said so.
Marketwatch is awful, especially their opinion writers. Same level as Zerohedge. I read a ton of financial articles and they are the bottom of the barrel.
