Posted on 08/07/2015 11:12:48 AM PDT by 867V309
He has his finger’s crossed that it will happen, otherwise his last 5 years have gone to waste.
Chopping block? Apple’s stock has doubled over the last 3 years
Stockman is right in a sense. ALL markets fluctuate. No exceptions. Things don’t go up and up and up and up without a correction. The stock market is no different than any other market such as oil or gold or real estate or anything else you can think of. Fortunately history shows that stocks as an asset class tend to outperform all other asset classes over the long run and that bear markets are typically much shorter than bull markets. The last time we had a really prolonged bear market was during the Great Depression.
“Just wait until the Fed finally raises interest rates.”
IF the Fed ever raises the interest rates. It seems to me they know very well the consequences of doing that, and they seem desperate to avoid it because they don’t want to pull the rug out from under everything.
“If you look at the country’s wealthiest individuals, most of their holdings are in ...” whatever is the smartest investment AT THAT TIME.
Guarantee most of those people won’t still be heavily invested in the stock market before the next major correction comes, because those are the type of people who get the tip off before those things happen.
Not entirely sure of that. The Rockefellers for example held on to their oil stocks throughout wars and depressions and did just fine over the long run. Same with many of the great industrial corporations and their shareholders.
Of course savvy operators such as Jesse Livermore and Joseph Kennedy made great fortunes short selling before the market crash in 1929.
Big Disney loss
That could be so. Disney has many other businesses, though.
I’ll start turning bearish on Disney when I don’t have to pay a fortune in entrance fees at Disneyland and I don’t have to wait an hour in line to get on a ride.
Stockman makes his money on his books and newsletters. Doom and gloom sells.
I keep saying it here - I believe in American business. Ultimately, they will succeed. It’s in the best interest of the CEOs of the companies and it’s in the best interest of all politicians, both Republicans and Democrats. So that’s where we put our money.
A good portion of our portfolio has always been in stocks. We buy and hold. We rode down the stock market drop in ‘08, losing 1/3 of our portfolio. HOWEVER, our portfolio is now almost three times what it was in March ‘09. We’re starting to lock in some of gains by moving some money to bonds, but we still have a good portion in stocks and always will.
And then the Democrat Media will blame the crash on the New Republican President, the opposite of the way they ignored the stock crash in 2009 when Obama first took office.
The Liberal Media needs to be smashed with sledgehammers.
How would you say the stock market is fundamentally different from say the oil market, or the gold market, or the real estate market, or any other market?
Supply and demand determines prices of all markets best I can tell.
You could say that about currencies as well. And like with stocks, there are markets for currencies and they trade as well.
Financial instruments IMHO trade just like anything else, commodities, real estate, you name it.
When there is too much stock around and not enough stock buyers, the price of the stock will fall. When there are many buyers but a limited amount of shares in a given stock, the stock will move up. One reason why the price of Chipotle and Priceline.com are so high. There are very few shares outstanding on both, but a lot of demand. The stock market is fundamentally no different any other market. The price of any given stock is determined by the supply and demand for the stock. Just like anything else.
OK fine.
I’m just saying all markets are governed by the same basic forces.
Just remember, the market can stay irrational longer than you can stay solvent.
I remember that.
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