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If a bank doesn't come in and create a soft landing, I think we are due for an imminent correction. I'm talking within the next 3 months, but probably sooner.
Of course, we are - in March. I posted this last week. Did you see it?
Early part of tape is cut off, but McClellan says we are in for a "painful" correction sometime in March, lasting through August. No need to panic. Market will recover. McClellan has an excellent recent record on market timing, fwiw. Says Eurdollar flows have predicted this for a year.
Jobster, it sounds like you're having a meltdown about this market's melt-up !
When one's emotions are getting as raw as yours , it's time to step away and lets your nerves heal before you become a nervous wreck.
You're trying to wring every penny you can out of this market and are expecting someone with a magic hat and a crystal ball to tell you exactly what to do. There is no one that is going to do that as the dynamics of this market are so unpredictable right now as the massive flows of money seeks where it wants to go.
Just accept that fact that sometime, something, is going to happen and either follow what Mathjak has stated before or go to where you think is safe shelter.
However, step away and take some big breathes before you end up on medication.
I really think that there's not going to be a crash this week.
Early part of tape is cut off, but McClellan says we are in for a "painful" correction sometime in March, lasting through August. No need to panic. Market will recover. McClellan has an excellent recent record on market timing, fwiw. Says Eurdollar flows have predicted this for a year.
Never fear - all will be well.
No, I didn't see, but I will keep a look out for your posts in the future.
He could be right. It appears that 50 cent is back, purchasing March calls.
However, I wouldn't put too much faith in that analysis because they don't know what the other side of his trade is, and he could be net short or net long depending on the math and neutral depending on the timing, so that's kind of fake news.
But the way I look at markets now is as if each one is a bubble. Now that the central bank is deflating the market, the money will probably go to the next bubble. I think the next bubble is gold and silver. It will probably rise to some irrational rate, burst and bleed out, then on to the next bubble.
I guess a weakness in this strategy is if the Fed or some other entity steps in to buy US equities. In that case, gold will probably continue to consolidate because investors will throw money at the US market. After witnessing an unrestricted and irrational market in crypto, my perspective on markets have changed considerably.
It's not about fundamentals. It's all about price. That's it. Whether or not the price is attached to fundamentals is secondary.
I don't know, that's just my take. But yeah, the Fed could step in for a soft landing. Either way, whether it's a crash or a bleed out, I still think gold is a safe bet to outperform.
Jobster, why don't you dollar-cost average into the market monthly, so if it goes down then you will just continue to buy cheaper, just set-it and forget it; something like 50% S&P 500, 25% Global small caps, 25% Global midcaps. Contribute a set amount monthly, maybe also 5% bonds if you like bonds.
Then keep some crypto and hold until the summer and see how it goes. I would think 2018 should be a good year as cryptos continue with higher adoption rate (of course no one knows for sure). Small amount in PMs maybe. Who knows with gold and silver! You could wait forever for that to turn around but I suppose it will eventually...maybe soon, maybe not!
SO hard to predict...best just to diversify!
Nice posts, OP. Keep in mind the Trump tax cut will boost EPS as this money is not going to really trickle down the way they say. The market seems really overvalued right now but we'll have to wait a quarter or two to see what kind of earnings numbers we get.
This thread is like hearing one of the homeless men on the streets in San Francisco, yelling, shaking their fist at the sky, talking to themselves about chips implanted in their brain, as they pace up and down. It's just sad.
This thread is like hearing one of the homeless men on the streets in San Francisco, yelling, shaking their fist at the sky, talking to themselves about chips implanted in their brain, as they pace up and down. It's just sad.
When you see crazy coming, cross the street.
Yes but I find these type of people to be so interesting to talk too I love when I come across them. Much more interesting than sports this, sex life that. I'll listen to anyone willing to praddle on for hours about science, the stock market, the economy, etc.
This thread is like hearing one of the homeless men on the streets in San Francisco, yelling, shaking their fist at the sky, talking to themselves about chips implanted in their brain, as they pace up and down. It's just sad.
When you see crazy coming, cross the street.
How much you reckon of your money is going to flow into my account?
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