Posted on 01/20/2016 9:51:55 AM PST by Leaning Right
If you care to, make a prediction as to where the Dow will bottom out, along with a defense of your answer. Who knows, if you hit it right on the nose CNBC might offer you your own show.
I personally turned the stock market around back then.
I sold a couple stocks short...at the bottom apparently...and the stock market started going back up.
Nobody ever said thank you.
What I had previously in the market I put into an equity-indexed annuity where I didn’t lose my principle, in fact it has grown about 8% per year since 2007. The stock market is risky and I was tired of losing half during every downturn where it would take five years to recoup what I had lost.
13500
Because the Dow will shed 1/3 before it bottoms out..
Why... because the p/e IS too high and the economic outlook for the next few years is BLEAK...
The world is awash in oil and natural gas, consumers have NO MONEY, and that is 70% of our economy and Europe will see an economic flat line with additional Islamic terrorism... The Chinese economy is trying to shift to consumerism but has lots of low wage earners and the wealthy are getting money out asap...
Bootlegging
http://www.advisorperspectives.com/dshort/charts/index.html?indicators/Empire-State-Manufacturing-General-Business-Conditions.gif
Depends on your local market, like where I am in oil country no it is not a good time with prices falling. I bought years ago so did get in before the run up. However with it coming down now it would not be a bad time if you are younger, unlike me.
I do not buy rental real estate, just commercial. Dealing with renters with living quarters is not fun. My son is investing in buying rental houses in towns with very large universities and then hiring a management company to handle rentals and day to day operations. If I was younger I would do that. Good tax positions and write offs. Large college towns always have demand for off campus living quarters and believe it or not he has had no typical college destruction.
8800
That’s for sure. Never catch a falling knife. Let the dead cat bounce. And once oil does hit bottom it could sit there for a good long time.
I remember October ‘87. That one day 500 point drop was 20% of the Dow’s value. Sucked if you were on margin that day.
“How else do you explain the Kennedy family could build their homes in Hyannis Port, MA and West Palm Beach, FL?”
Smuggling Cutty Sark whiskey during Prohibition might have had something to do with it.
Thanks. I used to have that magic. I much prefer that you have the gift.
HAHA!!
Sorry to hear of it....
Ha.....you know most here have no idea what you are saying.
Booze!!
Yup. It’s killing me
How low will the Dow go? ... Low enough so I can buy as many blue chips as I can. “Blue Chips on sale in isle one”.
You have that right, companies with 100’s billion in assets and use to pay 1-2% dividend are available with dividends in the 5-8% range, at 2/3 to 1/2 their usual price.
Thanks for the info!
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