Sheesh...all these nuts expounding on the market.
Our economy is just beginning to get up off the floor and so is the stock market.
When you are already on the floor, how far can you fall.
I have been a lurker on this board since the late 90s. I have read it daily. I registered as a member in July 2001. I never post for a number of reasons. Just enjoy reading the articles and the banter. Many times, many, many, many, I’ve wanted to post, but resisted the temptation. Your post is the first in 14 years that I can remember to motivate me to respond.
My reply is simple. Anyone with half a brain outside of the echo chamber of Wall Street and D.C. KNOWS that this current run up in the market is unsupported by the economic facts on the ground. This bubble is a doozy and there are no mom and pops to take the fall while the big boys get out. Fool me once, shame on you. Fool me twice (or thrice) shame on me. No, this is going to be nasty and the big boys are getting hurt.
“When you are already on the floor, how far can you fall.”
We might be on the 92nd floor, so we maybe could fall 91 floors.
I occasionally joke but I seriously think strange things are going on in the world and domestic economies that aren’t discussed publicly. Why? Because insider investors want to quietly move their money out of harm’s way before the rest of us know what way harm’s way is. Also there are reputations to be preserved and power to be held onto.