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Does anyone REALLY understand the markets? I think 2008 proved that there is a level of uncertainty even among the so-called experts.
I remember when that computer glitch non-crash happened where it went down hundreds of points and then back up again because it wasn't "really" a crash. I thought.... I don't think anyone truly understands this.
I would agree that there's a potential floor around 10000 but my feeling is it won't be nearly that bad. My guess it 14000 at the worst, probably not that bad.
95% of the population shouldn't even bother paying attention to the stock market.
This is the same thing I've been saying, but many on this Forum and in the country don't believe there's a Stock Bubble. Stocks are extremely over-valued right now.
Yep!! Haircut is in order!! You know remove $ by stockholders..stash away for rainy day or leverage it in the Hedge market to recoup whatever losses they may incur..Typical Wall Street mentality!! Only one's that suffer are the lower echelon of stock holders/investment everyday folks/401K's etc..
Quote:
Originally Posted by andywire
Who cares. US stocks are overvalued. A correction is what most of us have been asking for over the past year.
And what will be the catalyst?
Catalyst?? Maybe IF China call the loan to USA "Demand Payment"?? kind of like that BALLON PAYMENT that banks do in Mortgage Loans!
Quote:
Originally Posted by Mircea
Stock Markets are irrelevant. They are neither required for any functioning economy nor is their performance indicative of the economy.
I would disagree on one point...Their performance can and will affect the economy if said Stock tanked..regular folks lose their investments..401K's lose big time and policy holders end up running out of money..Yep..Since no money for regular folks..no $ to spend thus economy tanks too!! Business's will tank and go out of business..Bankruptcy soars..and debt goes unpaid...No one will ever convince me that regular folk without money doesn't support the economy!
You know. The one that keeps your silly stock market gambling machine levitated by stealing hundreds of billions of dollars in interest from savers.
What keeps the stock market stable are the trillions of dollars in 401Ks. Remember that this is money that is pumped into the market weekly and monthly from people's paycheck. It is this money that allows the people at the top to cash out continually without crashing the market.
This is how the 401K game was designed to work:
1. Replace the traditional pensions (company responsibility) with 401K (employee responsibility)
2. Make sure that the employees are locked in the 401K for a long time (to keep the market stable so the top people can sell)
Some 30 years down the road, you are retiring. Hopefully you can sell the stocks in your 401K for a decent price to retire on. If not, well.....
Last edited by davidt1; 08-22-2015 at 04:13 PM..
Reason: spelling
Who is to say what someone should or shouldn't invest in? If someone wants to invest in a mutual fund, do they have to have an intricate understanding of the stock market?
Put it like this, before you buy a piece of real estate, don't you want to investigate it first? Don't you want to examine the property, it's history, property taxes, the neighborhood, the neighbors, the local economy, the forecast trend of it appreciating over time or depreciating or at least keeping value, potential cost of repairs, maintenance costs, etc. etc. If you are unable to do this level of analysis, are you saying you are going to just TRUST the analysis of another "expert", who is most likely the Realtor trying to "sell" you the house?
Wouldn't you do the same thing when you buy a Car, in terms of conducting your investigation, or would you just trust whatever the sales guy on the lot told you?
Now bring this back to Stocks, you have someone called a Financial Adviser or an Online Brokerage firm, trying to "sell" you on moving your money out of the Bank and into the Market. Are you just going to trust what they say, which is the historical performance, the charts, the buy/hold theory, the "markets always correct themselves and move up" theory, OR, are you going to become educated at least to a POINT to where you can at least conduct your OWN market analysis?
People can do whatever they want, all I'm saying is that you "shouldn't" invest in what you don't understand, but it's a free country. If Mr. Average Joe as you calls him, wants to slap his money in a Fund because Terry Williams the "financial adviser expert" (who just became a financial adviser a year ago after quitting his Burger King whooper flipping job) tells him that the Fund went up before so of course that means it will ALWAYS go up in the future.....then go right ahead Mr. Average Joe
Quote:
There is enough information available to get a basic understanding of the risks and if they choose to do so, what is wrong with that? Just like if they choose not be be involved with stocks, that shouldn't be an issue.
If the guy is Mr. Average Joe as you claim, then he doesn't have a basic understanding of the risks. A person with the basic understanding of how the Stock Market works is not an Average Joe.
In terms of a person who decides not to participate in the Casino (*cough* the Market *cough*) like ME, well you have to tell that to people like MathJak who before I listed out everything in my thread here //www.city-data.com/forum/inves...questions.html continued to tell me that investing in Long Term CDs was soooo bad and I would starve in retirement. Ever since I posted all of these resources, links, research, etc., MathJak has been quiet, literally no debunking of anything I posted in my thread from MathJak lol.
What keeps the stock market stable are the trillions of dollars in 401Ks. Remember that this is money that is pumped into the market weekly and monthly from people's paycheck. It is this money that allows the people at the top to cash out continually without crashing the market.
This is how the 401K game was designed to work:
1. Replace the traditional pensions (company responsibility) with 401K (employee responsibility)
2. Make sure that the employees are locked in the 401K for a long time (to keep the market stable so the top people can sell)
Some 30 years down the road, you are retiring. Hopefully you can sell the stocks in your 401K for a decent price to retire on. If not, well.....
The Dow was down 530 points today. The unemployment rate is considered good and the economy is so called doing well but does a 530 point drop concern anyone?
Stocks goes down, it goes back up. Same with real estate. Just waiting for the real estate bubble to pop soon.
Put it like this, before you buy a piece of real estate, don't you want to investigate it first? Don't you want to examine the property, it's history, property taxes, the neighborhood, the neighbors, the local economy, the forecast trend of it appreciating over time or depreciating or at least keeping value, potential cost of repairs, maintenance costs, etc. etc. If you are unable to do this level of analysis, are you saying you are going to just TRUST the analysis of another "expert", who is most likely the Realtor trying to "sell" you the house?
Wouldn't you do the same thing when you buy a Car, in terms of conducting your investigation, or would you just trust whatever the sales guy on the lot told you?
Now bring this back to Stocks, you have someone called a Financial Adviser or an Online Brokerage firm, trying to "sell" you on moving your money out of the Bank and into the Market. Are you just going to trust what they say, which is the historical performance, the charts, the buy/hold theory, the "markets always correct themselves and move up" theory, OR, are you going to become educated at least to a POINT to where you can at least conduct your OWN market analysis?
People can do whatever they want, all I'm saying is that you "shouldn't" invest in what you don't understand, but it's a free country. If Mr. Average Joe as you calls him, wants to slap his money in a Fund because Terry Williams the "financial adviser expert" (who just became a financial adviser a year ago after quitting his Burger King whooper flipping job) tells him that the Fund went up before so of course that means it will ALWAYS go up in the future.....then go right ahead Mr. Average Joe
If the guy is Mr. Average Joe as you claim, then he doesn't have a basic understanding of the risks. A person with the basic understanding of how the Stock Market works is not an Average Joe.
In terms of a person who decides not to participate in the Casino (*cough* the Market *cough*) like ME, well you have to tell that to people like MathJak who before I listed out everything in my thread here //www.city-data.com/forum/inves...questions.html continued to tell me that investing in Long Term CDs was soooo bad and I would starve in retirement. Ever since I posted all of these resources, links, research, etc., MathJak has been quiet, literally no debunking of anything I posted in my thread from MathJak lol.
I said all i am going to say. If you believe your own bull-sh%t to be fact and everyone else is wrong then that is all that is important.
The Dow was down 530 points today. The unemployment rate is considered good and the economy is so called doing well but does a 530 point drop concern anyone?
Coincidentally today I was reading about World history and the role of Childs and his children.
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