Get out now!!!!
Get out now!!!!
Actually, this could be a good time to get in.
Good good. Let the fear flow through you
InvestmentBanker wrote:
Get out now!!!!
A better bet is to not start trading in the first place, unless of course you have algorithms that will beat the big banks' computer programs that do all the trading these days.
These guy do this all the time to make money. They buy low, sell high and collect fees for trading your money. Meanwhile the 401ks move up ever so gradually so no one questions the fact those trading are making more off your fees then you are off your money.
It's all made up numbers until you cash out. The bull market they create is a way to manipulate money. Companies that have no products or have yet to turn a profit is worth billions?
But once people have made their money and collected their fees it will inch back up. Don't worry.
That said this post belongs in the Down goes the Dow thread.
The Donger wrote:
These guy do this all the time to make money. They buy low, sell high and collect fees for trading your money. Meanwhile the 401ks move up ever so gradually so no one questions the fact those trading are making more off your fees then you are off your money.
It's all made up numbers until you cash out. The bull market they create is a way to manipulate money. Companies that have no products or have yet to turn a profit is worth billions?
Well said.
It's a mess!
Bail when the market multiple drops to 15 buy back in when it goes back up.
My guess the multiple should be around 15 in this climate.
In truth I'd think an honest valuation would be 11-12 but The Street must feed itself and it's optimistic about its hunger.
Buy gold, seriously. Buy the gold miners. They're all at multi year lows. Thank me in 2018.
What's the bottom?
I am betting sub 13,000
Get out while you can. It's a sinking ship!
Dow below 13,000 by Labor Day. Mass layoffs to follow. Real estate will be worthless. Buy gold.
It is time to give up, face facts and accept COMMUNISM.