Long term, you’ll be dead. In the short term, anything can happen.
I want to show you a random blog I selected from my archives, 1/30/08. The Nasdaq had already dropped by 17% and Cramer was bullish again, as well as most of the people on the site, thinking the market was done going lower. There is a lesson in all of this.
Since When Do You Need Armaggedon to Have a Bear Market?
Seriously, I’m not etching any of my predictions in stone. Should the economic data change, I will adjust my position. However, a certain tv personality is getting on my fucking nerves with grandiose calls of a “market bottom,” just because the Fed is cutting rates.
WTF?
First of all, he needs to quit comparing this environment to 1990. It’s not the same. The losses are much greater.
Secondly, will someone inform him that corporate profits dictate the direction of the market, not the lack of “Armageddon” in our nation’s financial system?
Thanks.
I mean, just because WM and C may stick around for the next 10 years doesn’t mean their stock prices will go up.
More craziness.
Despite the rates cuts, credit is tight. In addition to that, our consumer based economy is tapped the fuck out. Don’t believe me, take a look at the companies who do big business in the U.S. Then, look at their stock prices. Not too pretty, is it?
Suggesting stock prices can keep marching higher, because China and India are growing fast is inane. At some point, the world’s largest economy has to count. Keep on thinking it’s ok to deplete the economy of high paying manufacturing jobs, in exchange for service crap; see where it gets you.
Bottom line: After the 2000 blow-up, it took almost 3 years for the market to bottom, despite Greenspan dropping rates to a shocking 1%. Don’t listen to coked out asshats who declare market bottoms, following two tough weeks of declines. Instead, listen to anonymous bloggers, who claim to have access to time machines, and other types of “space alien magician” technologies.
The way 2008 ended up going on iBankCoin was with massive winship by Le Fly — banking +65% for the year. I had hedged with inverse ETFs, shorted the banks, and had a great and horrible time doing it. It was harrowing and I hated every second of the crisis. There was a disparate feeling of doom around every bend and I always felt the money I was making was for nothing, since it was all going to end with wanton destruction.
The lesson to be learned is this.
Even though we’ve been automatic for 9 years to the upside, keep an open mind to the idea it’s going to end. There are negative headwinds here, ripping thru supply chains and adversely effecting global trade. The one upside is this could be remedied with some diplomacy, so bear that in mind when you’re placing short positions. Until there’s evidence of hard wired bearish trends in the economy, cover shorts and sell those inverse ETFs for profits quickly.
Don’t panic — everything will be fine.
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We’re going much, much higher.
We will see the DOW less than 21,000 in the next 8 – 10 months. Maybe a recession too. : – (
Everybody except Russia has been in a currency war for ten years. Trade war starter this tear. Not long til real war as tariffs and sanctions cripple countries who can not print anymore as all the ink is gone.
This time the bailouts won’t work cus, when you have negative interest rates. The market is already resistant to any financial medicine.
Only a plague can kill the infection brought by Clinton when he killed glass segal.
And this is all going to happen in a matter of days, after a grandiose run in the market, during October – on no “news” before I eat fucking turkey and shit? Buy lists from a couple weeks ago should be looked at the least
This is not 2008 or 2001…see 1994. A year of Fed tightening with a flat market index and 4% growth.
Pathetic retiring babyboomers will be withdrawing in both necessity and flashback-avoidance. Wanting to skirt a repeat of what they ironically created 10 years ago. In general, outflows exceeding inflows has favor.
not that that-shit significantly matters Anyway it’s the factional elite conflicts &geopolitical (&something with china) that have the pull
After today I’m all in. I hope every last looser sold this afternoon and better yet went short like Fly the Bearshitter and 3x Ark Rider on his way to the goat infested Romanian shores. BE AWARE: the recovery does not include FANG-FAGS. I need to focus on something besides every tick after that monster weed run and I’m happy to let my current portfolio sit tight due to the wonderful prices i have received in SAAS and Solar. Good day sirs
Is that looser or loser?
Oh, and I didn’t give a thumbs up….or down. o(^_^)o
It was supposed to be both
The markets are acting so racist to me.
What does the PPT say? That’s all that matters.
In times like this , I’ve utilized it for its wisdom for my benefit
God’s speed
Regards
Chuck Bennett
MSFT has to stay above Monday’s close (110) for the rally to resume. AAPL clsing above 220 will be icing. I changed my mind though: I’m not going long AMZN because I don’t buy Pyrite no matter how shiny it is.