Seriously, we need to take reality as it is and not now we've said it is. This is reality:
Record prices is what America's had for centuries.
Seriously, we need to take reality as it is and not now we've said it is. This is reality:
Record prices is what America's had for centuries.
Good morning and welcome to another episode of Up in Lower Volume!
Futures traders seem to say stocks will continue to muddle up and metals down today and we get a breather from econ stats --none today.
We can just sit back & read the news:
Revenge of Unrealistic Expectations - Robert Samuelson, Washington Post
Trump's Econ. Philosophy Tends Toward Chavez - Kevin Williamson, NRO
Someday Central Bank Helicopters Will Crash - Tom Stevenson, Telegraph
Mutual Funds Rise After the Fake Brexit Scare - Jonathon Trugman, NYP
Surprise, Inequality Has Fallen Since '07 - Gary Burtless, RealClearMarkets
In China, A Robot's Place In the Kitchen - Te-Ping Chen, Wall Street Journal
Politico: What Broke Up Media Juggernaut - Luke Mullins, Washingtonian
I am an investor in stocks with 30 years experience. I do not see anything I would buy in this market. Usually, a situation like that does not last long.
I have maxed out my 401K contribution since long before it was called a 401K. (It was a “stock savings plan” back then.) It’s the ideal world. When stock prices are high - you may not be buying much, but what you have is sure worth a lot. When stock prices are low - they may not be worth much, but you’re sure buying a lot.
The only way I would be buying in this market is if the Federal reserve dropped money from helicopters on my property.
So I wait...
Please add me to your list.
just don’t complain about your 401K balance if/when the market tanks 30-50%.
pay your money and take your chances.
Bought puts to hedge my long exposure on Friday.
Get out of stocks and bonds while you still can.
Would you please add my name too.