The problem with Schiff is he can't admit when he's wrong, which is a horrible trait
I think that might be exactly whats puts me off about him. He have 5000 reasons when he wasn't right, instead of just owning up to it and move a long. It would be a much more honest approach.
I do not follow the stocks or the sector, but is this just a temporary or a fundamental change within the industry?
No idea. I can not predict the market, but only react to what happens. Any prediction from me, would be be repeating someone else's words, and no point in doing that.
I'm just waiting until its stable again so I can buy in
I think that might be exactly whats puts me off about him. He have 5000 reasons when he wasn't right, instead of just owning up to it and move a long. It would be a much more honest approach.
You've hit the nail on the head with that comment!
I watched a 1 hour video of a seminar he did in Australia (think it was 2018) and it was an entire hour of him doing that exact thing, a thousand reasons why his 2008 predictions didn't come true and why.
I'm just thinking "People have paid good money to listen to this bullshit"
I get the impression that he's the type of character who would rather be correct (with his predictions) and watch the world burn just so he could finally say "see I was right"
Your stock choices must suck. YTD I am up .13% and that is only because of that Gamestop BS of last month.
Nobody cares about your paper trading account, brokedogg
To the rest: This has been the longest bull market in history, and the market is detached from the economy. All time highs during a time where the world locked down for a year? Makes zero sense. Once the fed stops manipulating the market by printing trillions of dollars, the market will come back down to earth.
I’m sitting on cash until they stop printing money, and then I’m buying leap puts on all the overvalued tech companies far OTM. My risk tolerance is super high so either I crush it or get crushed.. I don’t think they can keep these valuations up for much longer though so it feels pretty safe.
As far as Bitcoin goes, I see it dropping back down to 25-30k and then within a couple years breaking out to 60-100k. That’s usually how it works, but then again there are big institutions buying now so I don’t know if it will correct as drastically as the past.. especially with people losing faith in the USD.
Good luck everyone. As always, don’t invest more than you can afford to lose. Also don’t FOMO into things that have already seen astronomical growth because we’re long overdue for a bear market.
You can laugh all you want, but your Bitcoins going to crash and we will see who going to laugh at the end.
I'm guessing you cashed yours early and now you are bitter as fuck. Every post of yours is about how its going to crash and we all going to cry. You said that at 8k, 12k and now at 50k. Meanwhile I made ~600K so far.
Nobody cares about your paper trading account, brokedogg
To the rest: This has been the longest bull market in history, and the market is detached from the economy. All time highs during a time where the world locked down for a year? Makes zero sense. Once the fed stops manipulating the market by printing trillions of dollars, the market will come back down to earth.
I’m sitting on cash until they stop printing money, and then I’m buying leap puts on all the overvalued tech companies far OTM. My risk tolerance is super high so either I crush it or get crushed.. I don’t think they can keep these valuations up for much longer though so it feels pretty safe.
As far as Bitcoin goes, I see it dropping back down to 25-30k and then within a couple years breaking out to 60-100k. That’s usually how it works, but then again there are big institutions buying now so I don’t know if it will correct as drastically as the past.. especially with people losing faith in the USD.
Good luck everyone. As always, don’t invest more than you can afford to lose. Also don’t FOMO into things that have already seen astronomical growth because we’re long overdue for a bear market.
This makes sense....I made quite good money with Occidental though....it's still kinda low, i feel like buying more.
To the rest: This has been the longest bull market in history, and the market is detached from the economy. All time highs during a time where the world locked down for a year? Makes zero sense. Once the fed stops manipulating the market by printing trillions of dollars, the market will come back down to earth.
I’m sitting on cash until they stop printing money, and then I’m buying leap puts on all the overvalued tech companies far OTM. My risk tolerance is super high so either I crush it or get crushed.. I don’t think they can keep these valuations up for much longer though so it feels pretty safe.
What's your timeframe for the bust?
I think we're looking at September this year, I think there will be a melt up promoted via a post covid/immunization summer boom, one last dose of euphoria before the chips come crashing down. The reality is, once they open up the economy again and stop all the financial support measures, that's when the insolvency really begins.
I think we're looking at September this year, I think there will be a melt up promoted via a post covid/immunization summer boom, one last dose of euphoria before the chips come crashing down. The reality is, once they open up the economy again and stop all the financial support measures, that's when the insolvency really begins.
That's my view anyway
Could be. The money has been printed. It's not going away. So even if the printing stops, it's still there and needs to be parked somewhere. The insolvencies mainly rest with the middle class and below, who will effectively be made serfs. This class struggles to pay rent, so they are not the ones investing in the market. Therefore, they are unlikely to affect the market.
Sad as it sounds, the world has moved onto MMT. The fed has printed money, but so has every other country. China, for example, has a money supply equivalent to the US and EU combined. Their printing press is on another level, and still going.
Ferus I actually took your advice back when you suggested 'us' to buy Norwegian NEL. I thank you for that. I did go through the general stock information before moving in but it felt like a solid pick.
Ferus I actually took your advice back when you suggested 'us' to buy Norwegian NEL. I thank you for that. I did go through the general stock information before moving in but it felt like a solid pick.
You are welcome
For the record, I went out of NEL at 31 (450% profit over 2 years), since that was my exit.
I will enter again when they start selling their solutions. Right now the competition is gaining on them, and they are out-selling NEL. I want to see them sign contracts on some of the big project here in the EU before recommending them again.
The annual meeting is 15.4.2021 - watch out for news just before that date
Right now I am about 95% cash, and the rest is in a few companies that wont make money untill maybe 2-5 years from now:
- ClearStream Energy Services Inc
- IDEX BIOMETRICS
- Plug Power, Inc.
- THIN FILM ELECTRONICS
Tesla is rather high at the moment and may not be a good buy for most.
There are a number of other makers that might be a great investment so take a look at them. And a few that are not yet traded. So wait for them.
But do not just focus on the car makers. Think about their suppliers also. Plug is down a bit but will go up and there are a couple of other power cell companies that should boom.
Not to mention the charging station companies.
Right now also the airlines. They should rebound fairly well like the cruise industry did.
However. if you are getting into the market make sure you know the tax laws behind buying and selling. If your thinking quick buck you lose like 33% if you sell in less than a year.
The fact is: in one year it has the time to go up and down 50 times.
I am not in the US, but i would sell what starts to be overpriced before it drops.
But do not just focus on the car makers. Think about their suppliers also. Plug is down a bit but will go up and there are a couple of other power cell companies that should boom.
Nobody cares about your paper trading account, brokedogg
To the rest: This has been the longest bull market in history, and the market is detached from the economy. All time highs during a time where the world locked down for a year? Makes zero sense. Once the fed stops manipulating the market by printing trillions of dollars, the market will come back down to earth.
I’m sitting on cash until they stop printing money, and then I’m buying leap puts on all the overvalued tech companies far OTM. My risk tolerance is super high so either I crush it or get crushed.. I don’t think they can keep these valuations up for much longer though so it feels pretty safe.
As far as Bitcoin goes, I see it dropping back down to 25-30k and then within a couple years breaking out to 60-100k. That’s usually how it works, but then again there are big institutions buying now so I don’t know if it will correct as drastically as the past.. especially with people losing faith in the USD.
Good luck everyone. As always, don’t invest more than you can afford to lose. Also don’t FOMO into things that have already seen astronomical growth because we’re long overdue for a bear market.
When the market first started to boom I was wondering where this was coming from as well. I was expecting a recovery but it went faster than expected.
Then the talking heads started asking the same as you did. where this was coming from and why.
I think that a few of the reasons was:
People started out thinking that they would be back to work within a few days.
That did not happen. Then they started losing jobs and things got worse. Tons of people went online looking for a way to earn. Any way to earn.
Some people got the idea and in a desperate jump used their last bit of money. Then got stimulus with a promise of more. Hoping.
Then at the same time as these desperate investments were going in the reddit thing hit.
That in my opinion was a miss guided idea of protecting the company GS. from the short seller. People not really knowing what happens with most shares.
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