SELL EVERYTHING!!!!
SHORT EVERYTHING!!!
Posted on 01/13/2016 7:38:04 PM PST by Mariner
Almost $3.2 trillion has been wiped off the value of stocks around the world since the start of 2016, according to calculations by a top market analyst.
It has also been the worst-ever start to a year for U.S. equities, said Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, as both the S&P 500 and the blue-chip Dow Jones industrial average have posted their steepest losses for the first eight days trading of a year.
The sell-off this year, driven by renewed jitters over China's economy and a slump in energy prices, has pushed the S&P 500 index in correction territory, with the benchmark now down 11.29 percent from its May 21 closing high.
According to the veteran market commentator, U.S. stocks are now off $1.77 trillion, while overseas stocks are down $1.4 trillion.
(Excerpt) Read more at cnbc.com ...
In the bank or under the mattress.
Virtual wealth can be easily naught.
It’s OK, the Fed can just print it all back! Because digital currency means we no longer have inflation! Masters of the Universe they are! Just ask Krugman!
here’s a question. How does stock value figure into the money supply? is it M1? M2? M3? none of the above?
And M1 and M2 are declining.
When everybody yells SELL thats the time to BUY.
Stock values go up and down. You still have the amount of shares.
Until you sell them.
In my humble experience, predictions are 90% wrong. But that 10% can really bit you hard. Then again, this may be an excellent buying opportunity. Who knows.
You still have the SAME amount of shares.
Albert Edwards predicting a 75% drop in the Dow.
interesting. It seems as if stock values represent a store of value whether it is counted as such or not and that the elimination of such a large store of value would have an impact on the money supply and, thus, inflation/deflation.
Sam Walton after one of the “crashes” about 25 years ago was asked what it was like to lose over a billion dollars in one day. He said it was paper the day before and is still paper the day after. He then went to inspect one of his Wal-Marts.
If everybody yells sell at the top of a market bubble they are right. The buy orders are good for rescuing people with the common sense to protect their principal though.
Good.
It’s just a paper loss. Or maybe death by $3,17-trillion paper cuts. ;-)
I think they have been shorting those stocks to drive the prices down even though I personally believe that the market has been overpriced.
I logged into my account tonight just to see. A good company, Freeport McMoran, primarily copper and minerals, I had stock, bought it around $33, it went down then slowly back up so I got out. Today it's down to $3 something. The reason is they diversified and went into gas and oil exploration. I'd love to buy back in but fear they are going into bankruptcy.
The reason is commodity deflation.
Buy cash.
I don't know what to do.
The oil boom was feed by cheap fed interest rates and they borrowed to drill. Now with 30 dollar oil they can’t service the debt. A lot of oil companies are going down. Plus China demand for raw materials is going to near zero. Lots of hurt coming. I am 90% cash right now.
I never expected to be doing what I'm doing at this point in my life and wish I understood the futures market better so I could hedge it. But it's not the kind of thing you can get a handle on in a crash course.
I did go into the stock market at my advanced age, but it was easier to learn, and I didn't make a move until I understood what I was doing. I didn't know but I'd started with a bull market. Then I bought into the correction theory and sold out. Not all at once.
Now I'm to risk averse to get back in but don't want to pay somebody else to invest it for me.
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