Posted on 04/28/2017 5:02:25 PM PDT by blam
When facebook was about to IPO, I made a statement on fb not
to buy, that usually they sell their company when they know it goes down. Indicated that the stock would go down right after the IPO.
Facebook hid my post from public view. Then on Drudge the post ipo showed FB stock crashing.
So, the only reason imo that Twitter is up on the stock market is because they pulled a similar scam and idiots are buying it, along with federal reserve cash flows being intercepted to float the market during Obama years while transaction volume was nil
It is a known fact that the “pundits” on Wall Street have called accurately 122 out of the last 4 stock market crashes.
“The author asked “how do you explain this”?
*************************************************************
Simple. First it has happened many times in the past. The market lives in the future and assets of these companies are purchased based on expectations of future value.
Take a look at TESLA. The company shares are unbelievably high ($314.07) in price and yet TESLA has never made 1 penny in profit.
You can be sure that when it does crash again those who were too heavily invested will complain that the market was rigged. As if there was no money market option available for them to park their gains.
Place your bets and take your chances.
I’ve been hearing about stock market crashes since I started investing back in the mid 1980s. I’ve been called a fool for not buying gold bars and burying them in my yard in case of the apocalypse. Now I’m a millionaire - on paper anyhow as I haven’t cashed out my stocks yet - but I reckon if the crash does come, all the doomsayers will have the last laugh.
It is coming....count on it.
Years ago I read of an evangelist who predicted that Jesus would arrive on Earth on such and such a date. Therefore, he suggested, the believers should build Jesus a mansion worthy of his state.
The mansion was built and they all assembled for The Arrival. Jesus was a No Show. The evangelist pondered for a while and said that there had been "a slight miscalculation", so while the faithful waited for the Next Time, he would live in said mansion and "keep it ready".
I follow Dave Ramsey’s advise and have my IRA in the four sectors he recommends. So far, so good! :)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.