Posted on 01/30/2022 10:46:17 AM PST by Signalman
Why not 84% or 88%?
The same thing was said by them there ‘smart folk’ prior to the Wall Street crash of 1929, and yet it happened eh?
Go back and look at what was being discusssd then think about your homeless example.
“Valuations are whacked.”
One year forward p/e is 22. Reasonable considering interest rates
I think you know what he really meant, but just incase you don't. It is not about the trappings, rather the life style. You want your room to be 80 degrees, just reset the thermometer and wait 10 minutes. You want it to go to 60 degrees, just do the opposite. You want to travel across the country, for not much money you can be there tomorrow. Diseases that used to kill you, now just require a few pills. A really rich person may have owned a thousand books. Now, used book stores won't even take hardback books. And so on.
Yup, just having fun...
These perma bears are hilarious. And no the stock market isn’t going to drop like it saw in great depression levels. Why would it? It didn’t drop that much in 2007-2009?
Is that David Hunter you follow by any chance? He’s predicting a “parabolic melt-up” THEN 80+% crash to follow.
I personally think he’s a little off his rocker, but he does have a reasonably large following.
That's a reasonable way to look at it, though I'd argue a forward P/E of 22 is still high by historical standards/averages that are more in the mid teens.
Now go look at CAPE 10. Second highest valuation IN HISTORY.
I personally think we are 40%+ over-valued at best. Unfortunately, I thought that coming into Jan with every intention of lightening up our already relatively small exposure to equities and moved too slowly - so didn't sell what I had hoped to sell at higher prices than we're at now..fortunately, we're very diversified and "only" down 3-4% YTD..but I have a bad feeling that there is a lot further to drop.
Ron Walker, started following him a month ago and made pretty good money on spy puts.
Your house must have a hell of a heater and an air conditioner if it can raise or drop the temp by 20 degrees in 10 minutes!
I don’t have that great a memory, but in spite of that, and because of compounded returns, I am also!
People that held on in 1929 became multi-millionaires.
Yeah, very very very very few of them held on, but yeah, good luck.
I stream everything as well. I’m sure you miss nothing, because you’re using different and better sources than those who trust the MSM.
It’s scary that the window to the world for many people is CBS, MSNBC, CNN, ABC, NBC, and PBS/NPR. The viewership for any one of those is not great, but together it represents a sizable number of people. Add to that the indoctrination of students at all levels, and the drivel fed to society by the entertainment industry, and we are dealing with a lot of propaganda.
That said, truth will eventually prevail.
No doubt. It’s the opiate of the masses.
“Sorry, the above should read: “He was the only person who said in 1992: The DOW will hit 10,000 by 2,000”
Big deal. I’m predicting the DOW will hit 2000 by the year 10,000.
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