Does the market's collapse send us into
- Thread starter EERs 3:16
- Start date
Well what exactly is going on? Please feel free to enlighten me. And please refrain from words like "correction".
The market has been way over bought based primarily of Fed policy. China is slowing and their market has crashed. Unemployment in China has risen 22 straight months. Canada just went into recession. Europe was looking pretty good but that has dimmed due to the news coming out of China. Even at these levels, the market is over bought. We are in correction territory (10% market decline) but we will decline even further. Until the market returns to a 16 multiple of forward earnings, we go down, IMO. But when we near that multiple, I'm jumping in. No U.S. Recession unless the rest of the globe goes into recession.
It's not at all unusual to have minor recessions every 8-10 years or so.
GDP growth of 3% is good considering that annual GDP growth has been around 2.3% or so since 2010.
Says the guy who bragged about his market value in the middle of a 1k point drop.
I must have missed your groundbreaking offering to the thread. If I aplogize for calling you out for being a hypocrite will you like me again?
Would that be a strong endorsement that 2.3% is better than 1%? Really difficult. About the only thing that is good about 3% is that it is positive. You are not going to have an impact on the economic condition of the country until you get 5-6+% - and not a 1 time shot.
Only offering that it is above what the average has been, which wouldn't be indicative of a recession or an economy in trouble. Not like the negative GDPs in 2007, 2008, 2009 where are economy was in serious trouble.
If Fed stops floating free money, hold your nose for the big plunge. Does anyone have any idea what they have floating at this point? Do we really have a miniscule $19 trillion debt?
Amazing. Tail does not think this economy is in trouble. Can the Fed keep us afloat with their "money"? Can the government continue all socialist programs and now the Dems want more "investment"?
What do we do if a struggling China calls our note? Do we go to war to resist, or give them Alaska? - California would be my choice to offer for settlement. May even throw in Oregon and/or Washington.
I assume you moved all your money into the G fund? If I knew there was an impending collapse I know damn well I would. Or have you had it in there for the last 6 years and missed out on a couple hundred thousand dollars?