Posted on 10/23/2023 7:00:35 AM PDT by 11th_VA
Good point on inflation—but a real “crash” (my definition) would be at least a drop to half of current value.
At that point panic sets in—investment advisors quit their jobs en masse because they are sick and tired of getting yelled at by their clients.
Bill Ackman just posted that he covered his bond shorts.
If there is a major crash, the ruling class will blame it on Trump, and the political fault lines will split where they always do. Bottom Line: the people responsible for bad fiscal policies will pay no political price.
Dave Ramsey still makes money from conning his listeners into paying high up front and annual fees to “Smartvestor Pros” so he can’t publicly get bearish.
In addition most of his assets are in real estate so it does not really matter to him what happens with the stock market.
The good news is that most of his listeners are so broke that the stock market will almost certainly crash before they claw their way to baby step 7....
;-)
In the past a stock market crash was followed by a real estate price boom. Well RE is due for a correction also. Never seen this before.
All in cash, LET ‘ER RIP?
“How low could the stock market go?
There is no way of knowing now.”
But he’s calling it a ‘crash’ nonetheless.
That’s one way to get people to read your article .
Biden is just pushing the economy over the edge, this article correctly indicates this has been building since 2008, under both Republican and Democrats.
Bush started what ended up being (2) 20-year wars that cost trillions adding to the enormous deficit.
Obama, just kept the money flowing.
Trump for all the good things he did, he further exploded the debt by trillions over Covid, remember when the Government was sending free money to every American, all that was debt which kept accumulating.
Now we are facing potential wars popping up everywhere, Biden with the Republicans offering little to no resistance keep throwing billions of debt into a bottomless pit.
Those bills are coming due.
I do all my own investing, but I get what you’re saying - and I use credit cards for points - was never ‘all in’ on Ramsey, but I agree with his ‘live below your means’ mentality
The worst crashes always seem to come when EVERYONE is saying the Market is headed up. That is exactly what happened in March 2000. There were no dissenting voices. The years 2000-2004 were absolutely brutal for stock market investors.
When you have a lot of people predicting a “crash”, you may well get a pullback, but it won’t be catastrophic. If everyone is saying the Market is going down, then it may actually be time to buy.
I always try to hedge my bets and keep a balanced approach. Timing the Market is very, very tricky.
“The best way to protect oneself from such mistakes is to have plenty of cash reserves.”
Did that 9 months ago, when I saw this coming.
Yep, called it when Biden was elected.
That ☝️
Where else are people going to put their money?
People are freaking out about inflation, so they want to put their money somewhere, anywhere.
There’s an incredible amount of pressure built up, I mean it’s due for some kind of crash. I doubt it’ll be huge though, nothing record breaking. The market barely even follows the economy anymore.
All in on T Bills 5.4% - sleeping great
There is no safe harbor in the coming storm. safety is relative, not absolute.
Investing in people might be the best option although it is not without risk either.
Folks, worldly wealth can disappear tomorrow. It has happened throughout history and is happening NOW all over the world.
We just don’t think it will happen to us.
So what do we do?
1) diversity is still proper, it reduces rewards but also reduces risk. During the Great depression not everyone lost everything. One third lost everything, one third just survived and 1/3 came out pretty good. Was it luck or mgt that determined that?
2) In tough times we are going to need people, so invest in them. “A well regulated militia being necessary...........” That investment requires time and relationships which are messy.
3) Much thought also needs to be put in investing in the Kingdom. That investment has different rewards and risks.
I will let the reader do their own research and thinking.
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