jimjam wrote:Several noted economists and distinguished investors are warning of a stock market crash.
You're a little late. That began in October.
jimjam quoted wrote: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.”
I think that's possible. I'm thinking we'll get to the highs of 2016 before Trump got elected. That should be a good base of support.
jimjam quotes wrote:And John Hussman, President of Hussman Investment Trust, says that when the market crashes we can expect “a market loss on the order of 60%.”
I think that might be overdoing it, unless a debt crisis develops. That would take a some more rate-hiking by the Fed and other central banks. I'm out and contemplating shorting the S&P if it rallies to about 2625-2630 or so.
jimjam quotes wrote:Bauman now warns: “There are three key economic indicators screaming SELL. They don’t imply that a 70% collapse is looming, it’s already at our doorstep.”
Again, we would have to be dealing with something a bit more. Real estate should be topping out, because ARM loans are now too expensive for people who couldn't afford 30-year fixed loans and 20% down. I could see social media taking that kind of dive. I don't think Facebook is a good buy at this point. However, I think Amazon and Google are strong companies. Apple will be on the rocks until 5G comes alive, so 2020-ish time frame.
Godstud wrote:Trump Cultists seem to be proud of their stupidity, gullibilty, and ignorance. You can't debate with people like that, as they're simply not intelligent enough to tell reality from the fantasy that they've been fed, @XogGyux.
You seem to completely miss the point. Trump is a "fuck you" by the American people to the establishment. It's not about like, love, etc. It's about somebody in Washington who does his level best to piss off the establishment. That's what we like. Nobody is sitting around waiting for politicians to finally tell the truth and become paragons of virtue. We're all too old for that fairy tale.
B0ycey wrote:Seems Trump has ridden Obama's economic wave and it is now in decline due to incompetence.
Which could also be characterized as Jerome Powell.
jimjam wrote:Even if your real reason for favoring low taxes is that they let your wealthy friends engage in even more high living, you’re not supposed to say that out loud.
Yes. Envious liberals will become very upset.
"If anyone is looking for a good lawyer, I would strongly suggest that you don’t retain the services of Michael Cohen!"
-- Donald J. Trump