Most of these gamblers are not "investors." Central Bank Teat Suckers is a more apt term. When it collapses, we can ask them to take a bow.
It’s all run by insiders who pay off the politicians. There are no legitimate “investors” in charge, just manipulators. Savers have been punished by 0% interest rates for years, and now market investors are seeing their stocks crash. Commodities trading has always been a scam, goldbugs will get stepped on, real estate bubbles will burst, and wealth will be even more concentrated than it is already. And don’t ask me, “So what’s your answer?”, because I don’t have one.
Better now than later so the blame can go to the correct resident of the White Hut.
I’ve been on the sidelines for a while but I don’t want to catch a falling knife. Next S&P support is 1980 then 1800’s.
Not too sure about either of those levels for reentry though.
We all saw how Trump came on the political scene by surprise. The experts missed that one. Next surprise: a big financial crash. Another possible next surprise: for the last few years we haven’t been in a recovery at all, but rather have been in a hidden-by-politicians-and-financiers slide toward the big financial crash.
I have no idea what’s ahead. Trump will explain it all to us.
Investors used to put their own hard earned money (real money) at risk to start a business that actually produced things and employed people.
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They still do. There are gamblers in the market, too. Not much has changed over the years.
The metals markets are collapsing. This is REAL news. Here’s one factoid for you: The Koreans are selling NEW steel back into the market for less than what they paid for it. It appears they KNOW we’re in for a long downturn. That is not spreading fear, but distributing facts. Something nasty IS about to happen.
For the first time ever, I do not see ANYTHING worth investing in, for yield, growth, or security. The latest Chicom moves make the Fed can kicking exercise (QE addendum) more perilous. Buckle Up Folks.