Posted on 03/09/2015 8:58:20 PM PDT by concernedcitizen76
Of course not! Dow 25k here we come! Everybody jump in, the water's fine.
How can the market “correct” while the FUD keeps throwing money at it?
Maybe. Maybe not. Either way, if you're invested for the long run, it doesn't matter.
The market climbs a wall of worry. Dow 20,000 by July 4
“and Fed-O-Mania (2009”
Note Fed Q Mania coincided with forced passage of 2009 Body Mortgage Human Trafficking Care.
No coincidence that QE is ending with the 2015 commencement of dirty body mortgage care trafficking.
Now they have a direct pipeline into THEIR stock market with trafficking 300 million US body mortgages.
Having hit my early 60s (and, dare I say it, darn close to MID-60s), the long run isn’t looking so long any more.
I was thinking the same thing. A lot of us don’t have enough time to be in anything for “the long run”.
The stock market(s) are not necessarily an indicator of a healthy economy, especially in light of today’s computer automated ‘micro-trading’ and various techniques to game the noise. It’s just an electronic casino and needs to be taken with a big grain of salt.
That's the old adage and standard pearl of wisdom, isn't it?
I think the next "correction" is going to be a meltdown of historical proportions. It will wipe our millions of people, and the damage will be so bad and so bloody that the Government will "step in" to assist with this "crisis" of pensions that were invested in IRAs and 401Ks. Obama already wants to seize them, and I believe he will.
Then all of the "it's OK, wait for the long term" will be out the window.
It’s coming, ‘America’;...you still have time to repent.
I certainly hope so, then I’m all in.
Not with the Fed controlling it.
I've noticed that 18,000 seems to be catching point over the last 4-5 months. Perhaps it's the magic, "we don't dare push it up much higher" mark to allow the big time traders, with their nanosecond trading computers, to drain the last drops as things head south.
For the last century, the stock market has averaged about an 8% or more increase annually. At that rate, it doubles about every nine years. The NASDAQ would have to be around 12,000 and the Dow about 28,000 just to be at the peak that they hit around year 2000.
These learned predictions of market collapse being imminent seem to come from knowledgeable sources every few months. Sooner or later one of them will probably pan out. I have no money in the market but want to see the market continue to climb. So long as that is the situation the prices of my groceries won't zoom up so fast as the extant inflation would indicate should be the case.
03/10 Dow sinks 333 points. Biggest drop since Oct 9, 2014.
DJIA 17,663 -333 -1.85%
Nasdaq Comp 4,860 -83 -1.67%
S&P 500 2,044 -35 -1.70%
I agree. They're still making "toxic loans".
Would my "fortune" be better placed in local credit unions than national banks?
Re: “Would my ‘fortune’ be better placed in local credit unions than national banks?”
That’s a very good question.
Credit Union National Association is a good source for up to date information.
This info is dated but gives some idea of the public’s shift in sentiment:
1) In 2008, 72% of consumers surveyed believed banks were safer than credit unions. Only 34% of consumers believed that in 2012. There were 92 banks failures in that year while only 16 credit unions failed.
Credit unions aren’t as convenient as banks (e.g, ATM limitations), but the fees are lower and a plurality of consumers judge them safer than banks.
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