WALTER ZIMMERMAN: Every Indicator I Follow Shows The Market Is Going To Tank, A New Financial Crisis
OH NO!! The dreaded triple top!
“The private sector’s doing fine.”
he could be right. 2 comments I have are -
1. “all time highs”? OK but the market has really just recovered to where it was in 2008
2. where does one move the money into? cash? gold? It seems there is risk in doing either of those things as well
So, with 401k and 403b mutual fund investments, where does one move the money?
I’m not comfortable with bonds any more and money market funds will not be immune to a 50% drop.
Does Fidelity have a cash position with tax-sheltered funds?
Congratulations! This is the 1,000th article in the past four years that called for a crash. Stop already! We’ve gotten to the ‘broken clock being right 2 times a day’ phase on crash calls.
And yes, I am a money manager. This market will not crash because of technical price patterns. It would take a huge, EXTERNAL reason, like Iran nuking Tel Aviv or something similar.
You don’t get crashes when the public is so skeptical of equities, you get them when sentiment is extraordinarily high.
i thought there was an entire daily thread now at FR for all this financial speculation stuff.
Watch CALPERS. The Democrats won’t let that get hurt.
This post alone will give us another 200+ on the DOW tomorrow.
Oh for Pete’s sake.... yes there will probably be a correction and then the stocks will go back up to new highs (worst case).
Right now there are many investors out of the market still and wanting to get back in - that will drive the markets higher.
Inflation itself will drive the markets higher.
There will be some 500 million new middle class people in Asia in the next 10 years - that will drive the markets higher.
New technology will drive the markets higher.
If your a trader or a Buffet wannabe you play the ups and downs. If your investor you play the long game and reap a decent return.
These guys always have an agenda
A market crash has been “right around the corner” for the past 4 or so years now. I have no idea why it continues to keep going up. As the saying goes: It can remain irrational longer than most folks betting on a downturn can remain solvent. I’m just glad I’ve stayed the hell out of it.
Chances are, when the thing does blow, the insiders at the top will be riding off into the Sunset with their billions in gains while the peasants like us are trapped and unable to exit our positions in time, causing us to lose it all - and then some....
I knew it. Sequester-geddan. We are doomed,
Obama tried to warn us but we wouldn’t listen.
*
bttt