EVERY time we’ve reached this level in history, a recession followed shortly thereafter. We have already experienced the longest economic expansion in history. We will enter this next recession with the highest level of debt in history and a Fed with very few bullets left in their gun. So now must be the best time ever to buy stocks at all-time highs, when every valuation reading points to a 50% decline. Go for it baby!!! And don’t forget to buy on margin.
“Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, one by one.” ― Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds
“In reading The History of Nations, we find that, like individuals, they have their whims and their peculiarities, their seasons of excitement and recklessness, when they care not what they do. We find that whole communities suddenly fix their minds upon one object and go mad in its pursuit; that millions of people become simultaneously impressed with one delusion, and run after it, till their attention is caught by some new folly more captivating than the first.” ― Charles MacKay, Extraordinary Popular Delusions and the Madness of Crowds
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buy on margin? are you crazy?
you need to take a 2nd mortgage out on your home, and then buy on margin.
stop giving bad advice to the rubes, get in on this market now, before it goes to 30k, the sky is the limit baby.
disclaimer: past performance is no guarantee of future profits, it is more likely that you will be known as the bag holder, when the hot air escapes from this giant bubble, created to sustain the illusion of prosperity, while your eyes are clearly indicating that everything is falling to pieces.
xoxoxoxo
OK sports fans, fresh for Zero Hedge, there is a bank run on Duetch bank, which is one of those banks so interconnected and so deep in the red, that this could be the straw that breaks the back of the global fiat fiasco.
https://www.zerohedge.com/news/2019-07-16/bank-run-deutsche-bank-clients-are-pulling-1-billion-day
i do not db will be allowed to fail–
DB is a controlled demolition, German taxpayers will end up holding the bag…
Saks can’t keep $11,000 alligator shoes on the shelves.
Last week there was an article about some new restaurant in NYC selling some “exotic” stuffed tomato …. for $35. One tomato.
Sunday’s paper featured some restaurant in the Hamptons where a Crab Salad cost $100 pound …. and lines stretched outside the building.
Some millennial twat open a new Doggie Care joint based on a 5-star human hotel …. the doggies get top sirloin, a spa day, and even doggie-counseling while their master is away. All for a mere $600 day.
There’s a LOT of money out there. It’s just in the wrong hands.
Well duh Stucky, how long have we been complaining that the elites are getting richer while we are all going backwards.
The Hamptons= Elites
People who can afford $600 @ day doggie care= Elites
People that would pay $35 for a fukkin tomato= Bat Shit Crazy Elites
Or you get the impression that they know the real value of the dollar isn’t what we think it is.
Let me know when guillotines go on sale.
Why wait, CC? Just jump off a tall building.
Not a bad thought but l’d kinda like seeing their heads roll.
It drives me crazy to hear/read the MSM talk about the U.S. economy for the past 10 years. The U.S. has not been in any form of an organic growth phase … period! Massive quantities of debt have been used to prop up spending. No different than a neighbor who uses debt to live a lavish lifestyle. Until his cash flow hits the fan …. you marvel at how well he is doing. The global situation is actually much much worse than no growth as now these funds have to be repaid. How this economic adjustment manifests itself remains to be seen … but it cannot be pretty. And for all you Trump fan-boys, this jack ass has added to the accumulated debt at a similar pace as Oblama. A tried-and-true businessman would not have done that. Simple empirical evidence this s.o.b. does not represent you!
the implosion is happening, it’s just not part of the MSM narrative yet, but, these countries are all in recession: Turkey, Spain, France, Italy, Finland, Netherlands, Portugal, Cyprus, Greece and Slovenia, the EU is still issue bonds with -0.04% rate of return (nonsense).
it is only a matter of time before another 2008 like credit freeze (my guess is Deutche Bank) starts causing the derivatives market to fail, and then, the stawk market will finally pop.
keep yer powder dry, when the dust settles, you too will be able to by bank stocks for pennies on the dollar (will they ever recover? yes, but,probably under some new world order, with a crypto currency replacing the almighty $US) Sad, but, it appears to be the agenda of the globohome elites (when they are not practicing ritualistic child sacrifices)
Silver and Gold will be in demand by 2020.
All the numbers are bogus. As best I can figure, the US has been in a recession since 2000.
The gods laugh at thee of little faith. No recession ever more. Have faith in thy masters judgement and countenance. He that believeth not shall reap my eternal condemnation for thine eyes are the window to your recklessness.
–Wiphand Luke
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Swap your socks for government bonds.
Don’t buy government bonds because the government’s forces you to. As pension funds must by government decree.
But buy government bonds because John Hussman tls you to because he wrote the book “Dow 2000”
Haven’t seen much discussion on the effects of Trump’s removal of red tape regulations on the economy. He seems to have been keeping the remove 2, add 1 promise – even saw one enthusiast saying he was removing way more than that.
Not sure how much study has been done on this, as removal of regulations is not something govt is known for.
If this has been taking place, then the brakes holding things back have been let off.
Whether or not this will create a super-heated economy that sets up an even bigger crash later on – time will tell.
what is correct,there are so many competing forces,nothing really makes sense–
i saw on another site,not to be named here,that rail & trucking are collapsing,but then there’s this,the baltic dry index just hit a 5 year high–
401k money has to go somewhere. And anyone who has one is thrilled it keeps going up…Not to worry….until.
OK, don’t buy them now – wait until after the collapse, then pick them up (stocks, bonds, whatever) for pennies on the dollar (of labeled value). Of course, you will be able to tell which ones are undervalued assets and which are Monopoly money by looking at them, right? Oh, you have to do your homework and read the prospectus and registration documents – written by the same hucksters that issue the stock, bond, whatever?
It will come crashing down, but the aftermath may not leave anything worth buying. At least, not on the NYSE / AMSE / CBT or any other exchange.