Posted on 10/23/2023 7:00:35 AM PDT by 11th_VA
Either that or the stock market will climb the “wall of fear.”
Last I heard, Michael Burry was expecting a stock market crash and was shorting the market. He’s the guy who correctly predicted the 2008 housing crash, as shown in the movie “The Big Short”.
All in on T Bills 5.4% - sleeping great
...a vivid upheaval...
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Now there is artful phrasing.
We owe it all to clueless voters who cheated thereby electing the evildoers Biden and Bama!
These two evildoers have deliberately wrecked America and the lives of those who voted for the real candidate: Donald J. Trump, who could have captained this ship around the dangers.
Everything is coming together.
“Stock market crash” is trending on Google - lots of people are starting to call this one
Been hearing this for a while. Until it actually happens, though, it’s all just doom and gloom.
If one looks at market performance from 1929 and then today you will see we have already experienced the depression levels of economic downturns.
During the depression 30-40% experienced the true starving economic impacts, the other 60-70 endured a lower status but not the crushing starvation and survival level existence.
What I am saying is we are already there, anything more is teetering on a real societal/ civilizational collapse. Such a collapse will not be all places at once but more localized, think pockets of crushing substance living and pockets of weakened but functioning economies, after that everything collapses.
Most of the “financial advisors” out there show these amazing charts of stocks earning about 10% a year for fifty years to their clients to get them to invest in the stock market (with high management fees of course).
There may still be a few sheep still left out there to shear....before the inevitable crash and burn.
(I haven’t checked lately but I think about 2% of my net worth is still in old stock investments....)
And after it happens?
Markets go through cycles, boom and bust, bear and bull.
If you factor in inflation then the market has already crashed ( defined -10% ).
Listen to whatever Jim Kramer has to say about the market, and then do the opposite. It’s amazing that clown has a job giving financial advise. He should be sued into oblivion.
Inflation has a way of keeping stock prices high, even as business costs go up.
Sticking with the sea going analogy...
When Liberals can’t sail the ship, they foul the rigging.
Even when they are not in the WH, they are hard at work with their ‘I hate America’ agenda.
Our myopic ‘Republican’ leaders don’t GET this, at all.
Thanks for the post, emailed the link to my EJ guy.
I’m thinking money markets might be a decent safe mode.
I’m surprised Dave Ramsey is still a ‘buy and hold’ guy. His daughter is a bit more cautious, but you can hear her reluctance sometimes when they discuss the market
We owe it all to clueless voters who cheated thereby electing the evildoers Biden and Bama!
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The average voter is much more heavily invested in a big government than they are in the stock market.
When the stock market crashes, big government keeps chuggin’ right along.
I don’t want to live like them, but it makes you stop and wonder, are we really any smarter than they are?
Of course, when the WHOLE economy crashes, like the great depression, even the government has very little to give except bread and cheese.
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