No genius wrote:
Mount batten wrote:
More importantly where will it be March 2019.
You're not exactly a genius, are you? It sure does not take one to know that anyone who, speaking of a market downturn, claims "it ain't gonna happen" is not thinking clearly.
You didn't read my post.
I said it will not be down March 2019 from where it was in March 2015 when he started this Market crash (60% drop) talk.
I was thinking clearly when I said it about 2016, 2017, 2018 and we'll see how clear I'm thinking come March 2019.
Listening to him 2015, shame on him. Listening to him today, shame on you.[/quote]
“The risk in the stock market is under appreciated. QE has distorted equity prices and the next big move is down rather than up. The Schiller PE is 27 and valuations are stretched when measured against other valuation models. Remember, the stock market has had two 50% down markets in the past fifteen years. The fifteen year average compounded return on the S&P is only 4.3%, which is inferior to treasuries. Treasuries are overvalued as well. Cash is the superior asset class when risk returns to the market.”
Shame on your distortions....