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Originally Posted by Paul&John
So what to buy?  |
Wait and buy SCI at 39-40.
Quote:
Originally Posted by OneHungLo
When you get into trying to time the market you lose. Ask simpmaster why we never hear about his bitcoin millions. He was on here telling us he could predict the tops and bottoms daily....notice he doesn't talk about bitcoin anymore? lol
Shit, just since Trump's election, the DOW went from 17,888 to over 29,000. If you listened to all the dooms day shit libs you'd think we'd be at 10k. How many times during that run up did it crash due to rate hikes and daily trade war battles?
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This has less to do with MSM than the fundamentals of the markets. While market timing may be difficult in typical markets, this is far from investing in a typical market. Just look at the facts and forget the liberal media. Every day, there are large companies telling workers to work at home. Major conferences and trade shows with tens of thousands of attendees are getting cancelled. Large public gatherings such as sporting events and concerts are beginning to ban fans from attending. Universities, colleges and schools are telling students that all of their classes are going online. There are many other signs that point to a severe recession.
The world is at record levels of debt due to low interest rates. With the inevitable global slowdown, there will be a massive number of credit downgrades, defaults and bankruptcies for overleveraged companies that can't refinance their debt at lower rates. The market downturn from the past few weeks is just the tip of the iceberg. You haven't seen anything yet.
Look at the
balance sheet of the Federal Reserve. Even that is at record levels. Compare present levels to the financial crisis from 2008.
And I'm not forecasting doom and gloom ending with the apocalypse. All markets go through cycles and the world's major financial markets will recover eventually.