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Several noted economists and distinguished investors are warning of a stock market crash.
For example, former budget director for the Reagan White House, David Stockman recently raised a red flag when he declared an economic collapse is imminent. He went on to say: “There surely is a doozy just around the bend.”
Scott Minerd, Chairman of Investments and Global Chief Investment Officer of Guggenheim Partners, warns: “The markets are potentially on a collision course for disaster … once we reach a peak we’ll probably see a 40% retracement in equities.”
Paul Tudor Jones, the famed hedge fund manager and founder of The Tudor Group, is credited for calling the October 1987 market crash, now says that while “we have the strongest economy in 40 years … it is unsustainable.”
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Please offer your opinions in replies to this topic.
Another day, another "expert" ....like I said before one of these idiots will get it right, but not because they have a crystal ball or are super intelligent, but simply because every month there is an economist that predicts the next crash. There will eventually be a crash and since there is a constant flow of predictions, the stars will align and one of them will get to say, I TOLD YOU and there will be people who will view them as a God for awhile lol.
Yes I know he's "just another expert." That's why I wanted to get youse peoples' ideas on it.
I don't put much faith in any of the "experts."
I'm pretty much decided to pull back my funds to my bank and sit the year out. This fantastic run-up looks too good to not be a bubble—>bust.
I think the market is great for knowledgeable day traders, of which I'm not. I'm over my head and I know it and that's an important thing to know!
The buyback talk made a lot of sense to me. And anyway I see further declines until the China trade deal is done. However, better have your finger placed on your 'buy' button when the eventual trade agreement is announced.
I'm thinking of making my next target a "buy it at this" then "GTK at that." Take a decent gain and smile at my 2018 profits. Not get greedy this next time around.
He first made his prediction of an Aug 1 2018 crash in July. In September, he said it could happen in October. Now, the remaining time this year is running out.
If you google the guys name, it's all over these really sketchy looking "courses". Looks like he does a lot of work with affiliate marketers as I see lots of different landing pages.
10b-18 "little known loophole"? All 10b-18 does is outline the safe harbor for corporate buybacks. If you comply with 10b-18, you can't be charged with market manipulation. It's restrictive on the corporations not permissive.
If he's hanging his whole argument on that "loophole" he's going to miss out on some nice market gains.
I would ignore all these scare mongers, keep calm and carry on as the English would say.
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