Posted on 01/30/2022 10:46:17 AM PST by Signalman
When/if the market does tank, Democrats will, successfully (with the lapdog media), pin the cause on the Republicans’ failure to pass the BBB boondoggle.
I don’t doubt it will eventually happen, but wake me up when Nancy & hubby sell off their holdings.
A guy I follow on YouTube is predicting more correction, then a new high with the massive crash coming in the 3rd or 4th quarter. I dont think the FED will let a crash happen before Congressional Elections.
In a simplistic sense when the Fed turns off the spigot the pool will drain.........
Biden is hastening this with his policies across the board.
Suckers will sell.
Smart folk will continue to buy and hold.
Yep. It’s really that simple.
We are crashing. Slowly. Most believe it will be a sudden drop or rise, as in prices but actually when the country tanks and the economy goes south it’ll take many years. We’ve already been in a downward direction. Trump leveled us out and now we’re heading back down with nothing in the way to stop it. If we have to endure another year, we’re doomed. There’ll be NO bringing us back except total collapse.
People love to complain and panic. But we are really in the best of times and it looks to get better still.
Turn off the TV and live your life.
Harry Dent also predicted the DOW would reach 30,000 when it was only 6,000. It took him about 20 years to be right on that one.
Harry Dent does not have a good track record. Just sayin’.
Harry Dent is the quintessential example of “If you say it long and often enough, it will eventually happen”.
He predicted the 2000 stock market crash without telling us when it wouls happen, 5 to 6 years before it happened.
Valuations are whacked. I don’t know what will happen. If I did then I wouldn’t be a normal dude. I would be super rich. The market is trading based on expected unprecedented growth. That will not happen as we print like crazy, inflation is lied about, and Bidet fiddles while Rome burns. But what do I know. Nothing.
James Glassman, who writes a regular column for Money Magazine, wrote a book entitled DOW 36,000 in 1997 during the dot com bubble.
He was right, 24 years later!
“People love to complain and panic. But we are really in the best of times and it looks to get better still.
Turn off the TV and live your life”.
The same advice I give my nieces, and nephews.
I am bullish on our future.
Yeah, right. Yawn.
Ah, good old Harry Dent. I learned a lot from his first book, and made some major money off what I learned. I still apply the principles from that book today to the housing and land markets.
Unfortunately, he went off the rails after that and has predicted about 6 of the last zero crashes. Predicting one now is easy, everybody is doing it. Which means it’s probasbly 50/50 and depends on what qualifies as a crash.
The good part of course is what happens after crashes so I’m OK with the occasional needed flushing of the toilet as it were. Reagan was considered a very successful president and he had two crashes/recessions and 21% interest rates at points of his presidency.
Today there is general panic over any hint of one.
“lives far better than did Kings and Queens back in medieval times.”
You do? You lucky dog. I’m still trying to get a personal butler, chauffer, gardener (lawn...), cooks, housemaids, so I can be at that level too...
Homeless people have things today billionaires didn’t have 20 years ago.
Figuring 10-15% correction unless the SHTF with Russia invading Ukraine and China moving against Taiwan after the Olympics...which is quite possible given its internal economic problems.
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