80% Stock Market Crash To Strike in 2016, Economist Warns

The Sovereign Investor - Daily ^ | January 18, 2016 | by JL Yastine

[Cringing Negativism Network]

Well ok.

I have never heard of this guy before.

I don't know if what he is saying it true, is true.

Tried to google the guy, and it wasn't for sure whether he is reputable.

But it seems interesting, at least. So here it is:

http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451506

[Cringing Negativism Network]

So.

WE ARE DOOMED.

:D

[Cringing Negativism Network]

http://thesovereigninvestor.com/exclusives/80-stock-market-crash-to-strike-in-2016/?z=451506

[Genoa]

What is he selling? Gold?

[BenLurkin]

80% — highly unlikely.

40% — yup, could happen

[DIRTYSECRET]

Does that mean President Trump or Sanders?

[SaveFerris]

I say more like 65% off of 17,800. But that’s just a guess.

;)

[GraceG]

Oh we will be fine...

Stop worrying....

We’ll be fine, just ignore the flames coming out of the wing while we are approaching the ground at a high rate of speed!

[Jack Hydrazine]

These Three Men Predicted a 2016 Economic Crash Years Ago—Is It Now Coming To Pass?
https://www.youtube.com/watch?v=OsVARH2EGWw

Andy Hoffman-Endgame for the Gold Cartel Coming
https://www.youtube.com/watch?v=rhVahBlBFnY

Rob Kirby-We Are Very Close to the End
https://www.youtube.com/watch?v=01k3bHSHRmM

[Crusher138]

If we are putting together a betting pool, I say that the Dow will drop to 12,500 before the end of the year.

[PIF]

Coupled with the EPA’s impending ban on all forms of hydrocarbon emissions this should really be an interesting year replete with an unairconditioned summer, and a heatless winter. Something to look forward to, I suppose.

Gives new meaning to the phrase “WE ARE DOOMED.”

[SaveFerris]

I think you’ve got a pretty good chance of seeing that.

Unless QE27 kicks off.

[Vermont Lt]

If you are within five years of retirement you should be getting out of the stock market and into more fixed income vehicles. Or at least into dividend stocks.

As the prices go down, your annual return on a 5% dividend is pretty good. And they are out there.

But, anyone thinking it will keep going up is not really paying attention.

Just wait until all of those unfunded liabilities come home to roost. I will spend my 60s (ten years from now) picking through garbage cans for food. Oh wait...I do not consider Social Security in my retirement plans...so I am good.

[Resolute Conservative]

I divested in lead, I am okay.

[Rusty0604]

The gov’t employee already underfunded pensions aren’t worried about losses, because they are under contract with a defined benefit plan and the taxpayers will have to pay.

[Sam Gamgee]

I’m making the same bet on our principle residence. I suspect we will see 2 or 3 years of 5 percent declines and then a flat market for a decade. So people planning on scooping some savings from the differential (Selling family home for a cheaper condo) are going to be disappointed.

[SubMareener]

I am mostly in cash right now. If you are in stocks, then I hope you have ten years for them to recover after the next crash.

[Theoria]

From the libs, 2013.

[Carnac the Magnificent]

Just another goldbug pimping the product. If you listened to the goldbugs you have lost a lot of money. Gold will continue it’s decline in 2016.

[Riflema]

Here's an (at least to me) intriguing question about govt defined benefit plans: why do govt entities "fund" them at all? I understand that in the dreaded private sector, funded defined benefits are needed - a firm can go bust and contributions already made should be safe from that. But a govt body? The very essence of govt bodies is that they are immortal! No matter what, they have that power of taxation that can be used to fund all employee benefits.

Think it through:

• no fund to establish means no favors to friends to run the funds
• no fund to establish means no tinkering with contribution rates to alleviate current account budget problems
• no fund means the govt body (including its workers who are future benefit recipients) has to think about the balance between current employee payroll and pension bennies.

In short, picture this: what would happen if, say, the school budget had to be allocated year-by-year to current and past employee benefits in an "equitable" way? I'd love to listen in on those discussions.

Guess I got that off my chest...

[MrB]

That’s 6200ish.

But, I’ll through my number in here based on pre-Obama inflated values days - 12,000.