Never has, never will. I have never been 100% spot on. No one is perfect. If I had, my ROI would have been 30-50% rather than 15%.
Right now, we are following what in terms of logic for investing? Can you tell me?
There is never logic in investing. Just tried and true systems. (i.e. Buy low, sell high, Invest when people are scared and running, etc., etc. If you watched my comments, I am in agreement that we are in for a rough ride, even a 50% correction at some point. There are not that many of us who are even that bearish at this point. And as far as your currency concerns, even with our enormous deficits, including the ridiculous QE x1, x2, x3 the dollar will survive in some form or fashion. As long as your equity investment's are into tangible usable "stuff" you will survive even a hyper in/de flation scenario. Add a good dose of precious metals and real estate, you are pretty much set.
The Stock Market is so over priced it is frightening.
Fully agree, at it's IPO BABA exceeded WMT's capitalization for a little while. How crazy and stupid is that? As much as I like AAPL, they are even two bad products away from a 90% correction. One reason I did so well back in 2000, is that I avoided the dotcom stuff with a passion. When the bubble does bust, people in those sectors are going to take a 80-90% blood bath. Things can get rough, but anyone who says that a stock like JNJ is going to 0, just doesn't get it.
Obama has ruined the economy, real manufacturing is in the toilet, unemployment numbers are a nightmarish levels, those on the government dole are at frightening levels, inflation rates are being lied to the American people, the Fed is keeping rates at near Zero so that the very few can profit, those who have committed crimes are winked at, but you got this all in check some how.
You will not believe how much I am in agreement with all you said here. A lot of financial indicators are being fudged, which will all come out in the wash when we have another '08 -'11 type super recession. What scares me the very most, is that the election of '80 was a lot more similar to '12 that many realize (exception was Romney sure was no Reagan) In both elections the economy was in similarly in the toilet, but one big glaring difference. Back in 1980, you did not have a bunch of entitlement junkies sucking on the left hind teat of the government. Obama basically won, because those junkies were afraid to lose their free stuff.
How are you so amazing.
I am going to respond in good faith that this was not a sarcastic comment. As far as investing, you become methodical, disciplined, educated, and frugal. Keep the eye on goals and projections, and adjust where needed. In my case the goal was early retirement.
In fairness to the Kenyan Pirate, the economy was tanking/jobs were leaving before his election (and probably contributed to it). What he has done is ensure that there is no recovery with his communism; the profit motive has practically been outlawed.
You should be commended for your calm, level headed reply. That’s almost always the best argument / response.
I would argue that while Obama won the votes you describe, it is more the case that Romney LOST the election due to a poor get out the vote effort, and the fact that many of the most “active” / committed Conservative types did not work for him or turn out for him.
It seems to me that for some people, precious metals are a type of insurance for more major SHTF scenarios: Ie., those where the US gov’t is largely incapacitated, there is severe societal breakdown, etc. Of course, one can then argue that in such really bleak futures, ammo and other survivalist supplies and abilities would be “worth more than gold.” :-)