The stock market has long been a speculator's paradise. With the development of index funds and computerized analysis, no one can safely invest. Gone are the days of picking a good company to invest in. Because there is too much money with too few places to invest, we see incredible demand. As a retiree, I can only hope the crash won't wipe me out.
I’m awaiting the inevitable crash like the wallet of a drunken sailor at the end of liberty. Problem is he has a bed to sleep in, free meals, and time to recoup before the next port.
Totally not what is coming our way. The crash will come, those who are stuck in 401(K)’s will take it in the shorts while he hedge funds will short the stocks all the way down and make billions.
It certainly smells quite a bit frothy. Probably best to pull some money, pay some bills and wait for the cycle to start all over again...because it will...
I agree too. We haven't completely cashed out, but we have a lot of our savings in bonds and cash right now. Would rather sleep well.
I can sympathize with the decision in '08-09 to bail everyone out -- it was a really scary time. But there was room to do that. We don't have wiggle room for that kind of comforting move now.
One other thought. It took courage for Reagan and Volcker to conquer inflation. They sent us into a massive recession, and people lost jobs, and there was so much anger and fear. I remember that too. But it worked.
"The market's skyrocketing because they think an 80-year-old geriatric in the White House, surrounded by a bunch of communists, is somehow going to stabilize the markets when he can't even challenge the teacher's unions in favor of scientists and open schools?" Says it all. I pulled a bit of my portfolio out and parked it in cash/equivalents. Am on the fence about the bulk but given I agree with everything here I am not sure what's holding me back.
I have 300k in the market. All of it managed. Should I be frightened?
Which marijuana stocks, Erick? (I mean, people are going to get high, regardless.)
The stock market has long been a speculator's paradise. With the development of index funds and computerized analysis, no one can safely invest. Gone are the days of picking a good company to invest in. Because there is too much money with too few places to invest, we see incredible demand. As a retiree, I can only hope the crash won't wipe me out.
...and who will be there when people’s retirement savings are trashed? Government democrats who are there to help you become their servant.
I’m awaiting the inevitable crash like the wallet of a drunken sailor at the end of liberty. Problem is he has a bed to sleep in, free meals, and time to recoup before the next port.
Totally not what is coming our way. The crash will come, those who are stuck in 401(K)’s will take it in the shorts while he hedge funds will short the stocks all the way down and make billions.
It certainly smells quite a bit frothy. Probably best to pull some money, pay some bills and wait for the cycle to start all over again...because it will...
I agree too. We haven't completely cashed out, but we have a lot of our savings in bonds and cash right now. Would rather sleep well.
I can sympathize with the decision in '08-09 to bail everyone out -- it was a really scary time. But there was room to do that. We don't have wiggle room for that kind of comforting move now.
Another vote for The Mandibles. Great book
One other thought. It took courage for Reagan and Volcker to conquer inflation. They sent us into a massive recession, and people lost jobs, and there was so much anger and fear. I remember that too. But it worked.
I agree. And if you are right, this is going to be not just a financial issue but a huge political issue.
Underrated and timely novel on a financial apocalypse : The Mandibles by Lionel Shriver.
"The market's skyrocketing because they think an 80-year-old geriatric in the White House, surrounded by a bunch of communists, is somehow going to stabilize the markets when he can't even challenge the teacher's unions in favor of scientists and open schools?" Says it all. I pulled a bit of my portfolio out and parked it in cash/equivalents. Am on the fence about the bulk but given I agree with everything here I am not sure what's holding me back.
I hope you're wrong, but you are probably right...