Of course your brokerage account cash could evaporate, too.
Fixed it for ya.
Sept 13, 2015.
I’m officially out of the market for the first time since the 1990s. Not by choice...
I cashed out 5 weeks ago.
.
“Might be a good time to move to a cash position.”
The only US cash I would recommend moving to at this point is pre-1965 90% silver coins.
As I see it the stock market is being deliberately propped up to mask our economy’s ongoing collapse and keep the dollar viable. If the stock market crashes the dollar’s value will quickly do the same.
Not too specific mind you, but not too vague either.
And then if you're right, you are a genius. You will be in great demand as a speaker, and you will make a million bucks off of a book deal.
But if you're wrong, no worries. Your prediction will be forgotten soon enough.
In other news, dog bites man.
See tag line.
It’s funny how people think that the stuff that has been going on the last ten years and all the kicking of the can down the road will simply go on forever.
Like a family that goes deeply in debt, maxes out their credit cards and stops making house payments when dad loses his job and finally finds something that pays half as much - to the casual observer, nothing appears to have changed, except maybe their car was “stolen” a while back.
But the day comes where the sherrif drops by and they find themselves on the sidewalk with a couple of suitcases.
Western civilizatin is quickly approaching that day. And it is approaching exponentially. It will happen that fast.
I predict the crash comes when the liberals on Wall Street and elsewhere decide they are serious about getting Hillary elected because they don’t want to cost Hillary the election so, much as they hate to, they’ll cause Obama’s economy to crater because Obama’s legacy is less important than getting Hildebeast elected.
If, by chance, the GOP takes the Senate, the media will try to blame the crash on Republicans and any austerity measures they may propose.
I agree and I’m already there.
Got news for ya, I think if 5% of Americans tried to move to a cash position, the banks and brokerage houses would slam their doors shut quicker than you can spit!
I keep thinking that the feds will keep interfering with the market until after Nov 4. They want to prop it up until the election. I plan on pulling out after Labor day.
Scary, but totally predictable.
This market is supported by little but smoke, mirrors, hot air and B.S. in my opinion.
i disagree!
As long as the fed can pump digital money into banks and the accounts of judges, members of congress, the administration and corporations, there will be no collapse, for there is nothing to collapse.
And this article marks an important landmark for Free Republic . . . the 1,000th crash prediction article posted in the last 5 years!!
Drum roll, please!
Haven’t seen a Fleckenstein article lately . . .
And a 50%-60% CORRECTION is NOT a CORRECTION for crying out loud. It’s a CRASH.
I swear, I think these people make outrageous claims simply to get ink or to be on television.