That’s quite a sale.
There is absolutely no economic reason that the markets have been this high except by manipulation. Federal interest rates at near zero, and a bubble unlike anything seen in world history.
When this one crashes, there will be blood on the floor.
Not if it convincingly busts through the upward trend line. Don’t fight the Fed.
The Harbinger...
Tice got out of Prudent Bear Fund just in time for the fed-induced hyper bubble we’re in now. He is actually very smart and his timing is good. Started BEARX just before the 2000 crash also.
The Prudent Bear Fund in an inverse fund. It makes money when the stock market goes down. So if Tice wants to attract new investors to Prudent Bear, he's got to sell stock market gloom-and-doom. Who knows where the market will be next year at this time? but one thing is for sure. Tice is not a neutral observer.
well something has to give, I just saw bo juice is $4.50. Ridiculous for a 1.19 stick of deodorant
Aside from that I doubt we're going to see a 30% or more decline.
FYI
I’m not seeing it. There has been a multitude of gloom and doom predictions for years now, generally with far better reasons for catastrophe, but not have materialized.
The reason I can say this with certainty, is that for even longer, the stock markets have been manipulated to such an extent that the indexes *can’t* fall drastically.
Let’s examine the most popular index, the Dow Jones Industrial Average. It is an index that shows how 30 large publicly owned companies based in the United States have traded during a standard trading session in the stock market.
Imagine if you had, say, 10 billion dollars that you could insert or remove from the stock market without *anyone* knowing you did. You could completely manipulate the stock prices, and thus the index, and nobody would know it.
If you did not do this too often, just when the market index was too volatile, the only thing the public would see is a stable stock market. The only indicator that hanky panky was happening would be that trading volume would be low, because when you intervened, the reaction trades would halt.
What utter nonsense that just makes me want to buy more. These idiots have been saying this for 3 years.
The “slope” is a little different when you line it out from 2010 to present day...
Not to say the inhale and exhale of the market is not trending, or potentially going to do what is predicted here...
This is yet another example of why I do not put much into the health of the overall U.S. economy, and the rest of the worlds markets based upon this particular “market” reference...
The media seems to believe its own press when it uses this for that purpose, to somehow draw the success of any political parties administration and policies...
I can be honest when I say I and my family made a ton of money when Clinton was in the oval orifice, then when Bush was Chief Executive...
I went a little riskier in the previous, and went conservative more when Bush was running the show...And by that I meant the country, not the market..
Does that make me liberal in my investments??? Certainly not what I am implying...I’m just saying the market is kinda like that living, breathing Constitution the liberals think that that is...Something I know they are full of crap about in the first place...
It is why some who look at this without blinders on have already safe’d their investment portfolio’s...Mine to the tune of 85% total net worth out of the market, and left the 15% in to accrue, to minimize a possible crash (loss) when the bubble bursts...
I can say I might reign it in even more before the end of the year...The next elections might give us a better perspective, if you wish to put politics into all of this...
Like Cheney said, it is not a question of where, and how...
But when...
Glad you posted this graphic...
Well, ince the only ones holding stocks are the banks and those were bought with Fed funny money, I imagine no one will notice. The old question about the tree in the forest comes to mind...
Wait till the revision comes out tomorrow. GDP - 3 percent recalculation factor will be.......
But a correction of up to 60 percent--well, that is the very sort of thing that one might expect of someone running "the Prudent Bear Fund"...
7-8000 is about where things “should” be. Everything else is government deficit spending. That stops, the already popped bubble deflates. Again.
Can’t keep spending money we don’t have.
Not going to happen while Obama is in office. The powers that be behind the scenes will make sure of that.