i’m taking majority of 401k out of the market,
it’s top heavy, i have to check P/E ratios against historic numbers, but its’ had a HARD time with the 17 and definitely the 18 thousands.
i dont see the catalyst except that the fed will back off raising rates, and maybe even cut the one increase they made.
It’s an election year and the best way to rule a mod is by fear. Results are predictable.
You can bet your 401 K on it...what's left... that is...
When I read Michael Burry I thought it was about Shirley Q. Liquor.
At the end of the book version of ‘’The Big Short,’’ the author reports that Michael Burry, having become completely disillusioned with Wall Street, had excitedly taken up a new venture — almond farming, in California.
Because almonds need extraordinary amounts of water to grow and California has gone into a major long-term drought, it’s hard to imagine a worse investment than California almond farming.
So Michael Burry is not necessarily the best purveyor of investment wisdom.
It makes sense, though, that he’s become interested in water. In water technology, Israel is the undisputed leader of the world. So investing in Israel makes sense.
Any wonder Trump getting so much support?
I agree with the good doctor.
I’m not a real market genius, but I KNOW another financial crisis is looming.
The book is too! DJIA down another 400 this morning!