Posted on 08/07/2015 11:12:48 AM PDT by 867V309
"It's just waiting for the knee-jerk bulls, robo traders and dip buyers to finally capitulate."
(Excerpt) Read more at cnbc.com ...
AAPL and DIS both had great run ups recently and are now facing normal corrections. Both companies continue dominate their respective fields have breathtaking earnings.
He’s been saying this for years now.
Fact is, stocks (of quality companies that is) historically outperform all other asset classes over time.
Just wait until the Fed finally raises interest rates.
Things will start happening quickly then.
That stupid clock has been stuck on 3:00 since it was really 5:00. The REAL time is 2:58.
Just wait until the Fed finally raises interest rates.
Things will start happening quickly then.
One could say that of all markets. And yes, Fed policies do impact markets.
If I could wave a magic wand, I would get rid of the Fed entirely.
But life goes on nonetheless. If you look at the country’s wealthiest individuals, most of their holdings are in stocks. Look no further than Bill Gates, Warren Buffet, Larry Ellison, Bezos, etc.
Don’t forget Twitter, which grossly deserved an adjustment.
>>>It’s not like the market has been distorted by the FED, or money printing or crash management teams or anything like that.
So true! Even slot machines have runs. Welcome to the world’s largest casino.
The whole country is a disaster waiting to happen.
Stockman has a blog and a newsletter you can subscribe to if you want to constantly be depressed. Yes, he has been saying this and things like it for ages. Even a stopped clock is right twice a day though. Someday he will be correct... maybe soon, maybe not so soon.
However, it feels like 2008 to me... sideways movement and not good economy metrics.
The old saw of, “Buy when there is blood in the streets even if it is your own.” (Rothschild) is fine solace for the long term investor but not for the one who is trying to live on investments and has no money to buy the drop.
‘Be Fearful When Others Are Greedy and Greedy When Others Are Fearful’ (Buffet) I am skeptical about this as well. When you see disaster coming should you simply stand pat? Or do you just close your eyes and wait to see how long it lasts and IF you survive.
When I see predictions like this, I think Jean Dixon.
Jean was a self-proclaimed seer. She mad many predictions, and some of them hit.
After Kennedy’s assassination, she tried to cash in on the idea she had predicted it.
There may have been some truth to that, but Jean had also seen hundreds or thousands of other things. IN HER HEAD
Most of them never came true. The ones that did, some folks thought proved her a real phenomenon.
If Stockman predicts an impending Stock Market crash long enough, he’ll eventually be right.
Meanwhile, all the folks who pull their money out prematurely will lose out on decent profits.
Jean? Is that you? Send us a sign through David, okay?
So what if stocks fall? If you are holding stock in solid companies (you are, aren’t you?) then they will eventually recover and rise back up again, likely to new highs. In fact, if you have extra money lying around, you might want to purchase some additional stock before they start going back up again.
They will keep it afloat until Obama is out of office.
If there's a selloff, even a major one, so what? When prices on good stocks get low enough, people will buy them at bargain rates. Trust the market, granted with some corrections, once the feds stop messing it up.
There's no evidence that near-zero interest rates on savings have helped the economy. It seems to be just the opposite.
Exactly. Keep it afloat until Zero is out of office and then blame the (we hope) Republican who follows.
read the article. Apparently NONE of any of his predictions have yet to come true.
Well, the market is already in a correction of sorts right now. Apple and Disney aren’t the only stocks that have gone through a correction. The market is no doubt anticipating the Fed to increase interest rates next month in September. The market is always a forward indicator. I do think the Fed will slightly raise interest rates in September, then very gradually from there. I do not think this will severely impact the stock market as it will be very gradual. Other factors could hurt the market even more, such as a big slow down in China. Lower oil prices on balance I think help the overall economy although it obviously has a negative impact on the energy sector.
As for David Stockman, he reminds me of Joseph Granville, always predicting Armageddon in the market. Of course one day we will have a periodic bear market (like we do from time to time) and Stockman will say see I told you so. But predicting the next bear market like predicting the next big earthquake in CA. Yes we know we will have one, but no one can say when. As for investors, as in anything else, they should be careful in picking their investments, buy only quality, and be prepared to hold on for the long term and ride out the storms.
I’m more concerned about the bond market.
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