This is what the market does periodically and it's been doing it for decades.
JTV. Why would you love it! Your fellow Americans losing money WTF is wrong with you ???
Buckkiller. Really ???
Obviously some of you have NOTHING invested in the stock market
That's a shame. One of the best runs ever
A correction. Nothing more nothing less
God bless, Steve
The Rock
Lets see what a years worth of Mondays bring.
None if this is short term stuff.
God bless, Steve
Why do you say that?
Show your work.
God bless, Steve
My question was why you say 10,000 is where the market should be in order for it to be properly priced.
Be careful!
Anyway that is my thinking. Right or wrong. I certainly would not be jumping into the stock market right now even if I thought a certain stock was undervalued.
God bless, Steve
The market's valuations have some relationship with the state of the economy, but they have a lot more to do with the price of each company's stock relative to its' earnings and its' prospects.
Thanks, I appreciate that and do understand it. However, LOl the infamous but. should not a companies or banks earnings reflect productivity and sales rather than government intervention and propping up by massive infusions of cash which in fact project a false prospect for future gain? Problem is when the opm runs out they are hollow. This has been the real prospect of a future that is a hologram. Whether this last dump is the one is questionable. But believe this brother ya are playing with fire and when it blows up it is going to burn hard fast and down to the ashes.
I think knowing when to get out would be a good thing. However if one does not recognize the problem that is impossible to see it coming/ Its a lot like Obama refusing to recognize radical Islam.
I may not always agree with you, but I always appreciate reading what you have to say.
Kyle
Just because today was very hot (and it often is at this time of year) does not mean that this is not the beginning of the earth's temperature going off the scale, melting the ice caps, and flooding Denver.
The Rock
God bless, Steve
The most important times one lives in are the one that one lives in. Basically NOTHING is any different than any other generation. Same claims in all of the previous generations.
I think Non believers NEVER notice anything. If they did they would be believers.
God will move at his or hers pace and eventually we will get there. There are very few coincidences, just facts. Follow and study them and you will be good to go. Make sure your bags are always packed though.
No, the trillion just got sucked from the imaginary values of assets.
It reminds me of how Trump came by his net worth. A high percent of what he claims as worth is the "value" of his name.
God bless, Steve
Now the Dow is down 112 and the S&P is down 19.
Panic over the weekend caused the early sell off. Then rational minds took over.
The best thing you can do for the poor is not be one of them.
As I've written here countless times, a person's emotions are by far the primary determinant of the investment success a person will have, not what he or she invests in.
Study after study have shown that investors get less than half of the returns the funds they invest in produce. Why? Because their emotions override their intellect and rational mind, causing them to both buy and sell at the worst possible times. Of the two, fear-based selling is by far the most damaging.
A 'correction' is defined as a market decline of 10% or more. It's not over-used nor misapplied that I can see.
As for gambling, when you buy stocks, you're investing in capitalism and human entrepreneurship, period.
Investing in capitalism and human entrepreneurship IS NOT 'gambling!"
"Don't just do something. Stand there!"
Well said!
"How many of you have even TRIED to take someone under your wing to help them "win" too? "
I've been doing just that for over forty years now. It's the essence of my business. I would think it's also the essence of KPC's business.
I've got clients who've been with me since the late seventies, from when they were just starting out all the way through their careers and now into retirement. They'd be happy to tell you they've learned from me and I helped them 'win.'
The creed of our planning company is "Serve First." I can't think of a better nor more successful business model than that.
A noble sentiment but not the definition of capitalism. What capitalism does prioritize is free enterprise, individual rights and private ownership.
Contrary to your post of contention with Slade, capitalism is most definitely "survival of the fittest". This is a critical principle that separates it from socialism (there are others of course) where one need not innovate or even be productive to survive.
In capitalism, innovation is rewarded, productivity is rewarded and it is our constitutional republic that provides the level playing field whereby eveyone has the opportunity to win in life.
I doubt anyone would have any quarrel with your sentiments about helping those in need. That my friend is charity, not capitalism.
Say WHAT?????
That's so much BS it's almost laughable.
But since you brought it up, why don't you share with us your alternative?
Why are you using simply the 'last two days' to determine if this is a 'correction?'
The S&P 500 hit a high of 2,130.82 on 5/21. It closed today @ 1,893.23. That's a drop of 11.1%.
The DJIA hit a high of 18,312.39 on 5/19. It closed today @ 15,821.78. That's a drop of 13.6%.
Unless you're using some new version of 'New Math,' I'm pretty sure 11.1% and 13.6% are more than 10%. ;^)
The problems with capitalism as you see them are not the result of capitalism. They are the result of politicians.
Please don't confuse the two, my friend!
Do you realize how much like "from each according to his means, to each according to his needs" that statement sounds?
Aside from that, capitalism is fair. Anyone can succeed and anyone can fail. You seem to be implying that everyone should succeed and no one should fail. To compound the matter you also seem to be implying that it is the function of capitalism to ensure these favorable outcomes.
I find it ironic that you offer as a caveat "those who espouse personal responsibility". Surely you must realize that personal responsibility by definition means a willing acceptance of the risks and consequences of our actions. How do you promote taking personal responsibility for one's actions when you have a system in place that removes risks and/or adverse consequences? Wouldn't such a system foster the complete abrogation (or would it be make obsolete?) of personal responsibility?
Again you seem equally enamored as Bernie Sanders of the concept of a socialist utopia.
The more you write the less convinced I am that you understand exactly what it is you are advocating for.
"U.S. stocks closed deep in the red on Friday as global growth concerns accelerated selling pressure to push the Dow and Nasdaq into correction territory."
That's 100% accurate and note, there is no mention of any time period. Corrections are measured from the previous high.
"As a former co-worker used to tell me; "Pigs get fat. Hogs get slaughtered."
Actually, it's the other way around. "Hogs get fat. Pigs get slaughtered."
That saying has to do with markets or individual stocks that get seriously over-valued, as well as with investment strategies that are ridiculously aggressive and/or which are generally based purely on emotions and hype. (Think, "Buy gold!" from a few years ago.)
A fool is born everyday.
"I put money into gold almost 30 years ago...I'm still ahead as of today.."
Compared to what?
Thirty years ago, gold was selling @ $310/oz. Today gold closed @ $1,152/oz. Over thirty years, that's an average annual return of 4.473%
OTOH, thirty years ago, the S&P 500 closed @ 187.17. Today the S&P 500 closed @ 1,893.21. Over thirty years, that's an average annual rate of return of 8.008%.
So, if you'd invested $10,000 in gold back then, today that investment would be worth $37,163.96.
However, if you'd invested that $10,000 in the S&P 500, today that investment would be worth $100,850.42.
So, your gold gig COST you $63,686.46!
Or, to put it another way, your net gain on your gold investment would have been $27,163.96. But your net gain on the S&P 500 investment would have been $90,850.42, or more than THREE TIMES as much.
Nice work!
What matters in investing is not how many dollars you have. It's what those dollars will buy, because of inflation.
From July, 1985 through July, 2015, the cost-of-living, as measured by the Consumer Price index, rose at an average annual rate of 2.685%
So that means over these past thirty years, a $10,000 investment in gold has produced a REAL average annual rate of return of a whopping 1.788%. (FYI, that's an above average rate of return for gold.)
At the same time, the S&P 500 has produced a REAL average annual rate of return of 5.323%. (Also, BTW, that's a below average rate of return for the S&P 500.)
So now, as we look at buying power, which is all that matters, the gold investment now has a buying power of just $17,017.57. The buying power of the same investment in the S&P 500, OTOH, has a buying power of $47,391.02.
Net of the $10,000 investment, the score is: Gold, + $7,017.57 - S&P 500, + $37,391.02.
That's more than FIVE TIMES as much as the gold investment!
Again, Well Done! LOL!
True socialism would have to incorporate a Righteous, loving, monarch. King Jesus fits the bill and His rule of righteousness will be one of real socialism. Socialism not known in the world at this time and evidently un= obtainable as long as the nature of most men is entirely selfish from birth to death.
So , my analysis is do not expect pariety, or real benebolence from any form of government we may get from man. Look to God and to his government because that is where you will actually get real peace. both here and in the future.
Jesus said , Peace give I unto you, not as the world gives , give I unto you., Peace give I unto you.
I do not put my faith or peace into the hands of a government. country, money or anything of this world and my peace is absolute and does not depend on the circumstance of anything that happens or may happen to me. My future and my present is secure in the knowledge of Christ. I recommend all seek the same because it is joy unspeakable and full of glory and Bros. The world cannot give that.
I may lose my stock value tomorrow, whats left, I may lose my gold value, my silver value and my property value. But No one and no thing to come can separate me from the love and peace of Christ Jesus my Lord.
God bless, Steve
The Rock
"It was quite a bit more than 10k...."
Which means your foregone losses are multiples of the $10K I used as an example.
Your losses are what you would have had relative to what you actually got. You underperformed by an enormous amount.
Investing in gold instead of capitalism cost you tens of thousands of lost opportunity dollars.
This isn't a pyramid scheme, these are simply the facts.
I said NOTHING about investing with me, BTW. Anyone could have invested in the S&P 500 and gotten the same results I noted. Your chose not to and you underperformed by a ton as a result
Too bad you find a need to defend your failure.
In addition, good money mangers outperformed the market, so your lost opportunity costs are even greater than what I posted.
NEVER compare me to a shyster, Jeff! The fact that you chose gold over the most widely accepted market investment and dramatically underperformed as a result is not my problem, nor is what I posted it in anyway fictitious or fraudulent.
That's the facts, Jack. The fact that you screwed up by investing in gold, which produces nothing, instead of capitalism and the genius of your fellow Americans is not my problem. It's your problem.
Some people need educating, although in this case, I don't think it's doable.
Like I said to "past post" any idiot can achieve. Tell me ten years from now what I should have been that would have the highest return of all investments. You can guess but you will never know. Who can't guess?
Your full of useless information even that in which you are informed.
...uh...."I don't understand".
The Rock
Although this one is a serious challenge, because it looks to me as though his entire perspective on the market is seriously flawed.
I did have the advantage of working with teens, though. Some who hated my guts (and mistakenly thought I hated theirs) are now Facebook friends.
God bless, Steve
The Rock
You are correct, only it was several people here who proclaimed the end of the world in 2008-2009, not just one.
In early 2009 the S&P 500 was under 700 and people here were predicting it would go to 550 or 250 or worse.
Of course it bottomed out @ ~ 665, then took off, leaving all the doom and gloomers behind.
I remember the fall of 1987. From mid September through mid October, the Dow fell from ~ 2,750 to about 2,250. Then on October 19, it fell another 508 points to 1,748 in ONE DAY! That was a 22.5% drop, so relatively speaking, last Monday's decline was a pittance.
After that 'Black Monday' in 1987, the so-called experts were conducting sort of a reverse auction. Someone would predict it would drop to 1,500. Then the next guy would yell, "No, it's going to 1,250!" Then it was 1,000, then 750, then 500. It was laughable.
Unfortunately for those experts, that Monday's close @1,748 was the bottom and before the summer of 1988 arrived, we were back at new highs.
"You get in, you stay in, and everything will be alright.".....Nick Murray
"The market goes down, but it doesn't stay down, so it doesn't matter." ........also Nick Murray
"The train of equities will get you to your destination. Your job is to stay on the train!"..... Nick Murray yet again!
"Tell me ten years from now what I should have been that would have the highest return of all investments. You can guess but you will never know. Who can't guess?"
Sorry, but that's not what I did. I simply picked the most well-known broad-based index there is, sight unseen. I could have picked virtually any such market index and come up with the same results.
Moreover, I could have matched gold against the S&P 500 or any other US market index and come up with the exact same conclusion for any thirty-year period you want to name, going back to 1926. I only stop at 1926 because good data is not available before then.
The facts are that over time, gold returns almost exactly the same results as does inflation. Nothing more. Gold is a store of value only, so that's all you should expect. To out-perform inflation long-term, you need to invest in something that produces a good or service. Gold does not do that.
I spend a lot of time educating every investment client before I'll take their money.
If I don't get a 100% buy-in from them on my investment philosophy, I won't take them as a client. I think that's part of the reason that after more than forty years in the business, I've never had even a single complaint filed against me with any regulatory agency, nor even with my own firm, ever. Given the highly litigious world you and I operate in, I'm damned proud of that.
I use Murray's 'train' analogy every time.
It goes something like this:
"You get on the train in Oakland,California, heading to NYC to spend some time with family. The train experiences a track or mechanical problem in Salt Lake City. You get off the train in disgust, only to learn a few hours later the train solved the problem, left the station and is again headed to NYC.
Only you're not on it!
You've got to stay on the train!
If you don't, that is not my fault!"
I've never heard it before but it's a great one to remember, whether in investing or life in general!
HA HA HA HA HA!!!!
We'd need to see the P/E on the S&P drop below 7 for that to be the case!
Ain't going to happen!
You won't live that long, slade. Nor will anyone else, alive nor not yet even born.
God bless , Steve
You really should seriously consider not posting at all on any threads that have to do with markets and economics.
For when you do so, you only display to the world how woefully uniformed you are.
You and your family are on the train. As a safety precaution, you take your immediate family that you are most responsible for and spread them throughout the cars.
If you think a motorcycle might be able to take a shorter route and move more quickly, maybe let your uncle give it a go.
If you believe that some experimental aircraft is worth taking a chance on, maybe task your devil may care expendable second cousin after a thorough inspection.
There's my bastardized version of the the cross-country train.
Diversification is a strategy of asset protection.
Accelerated asset growth is derived from focus and risk.
Have someone like Kyle or KPC assess your situation, discuss goals, determine timeframe and help develop a plan. Do your homework yourself, regardless.
At the very least, reassess strategy and allocation of the core on the train annually. Watch your crazy cousin in the experimental plane more closely. Make sure he has a parachute.
Don't be the guy who obsesses about the price of a bow, but pays no attention to larger finances. Don't listen to the siren song of day trading. Keep moving in the right direction.
God bless, Steve
Wave that off. This place is hardly the "world".
The information you get here gets about as much horsepower as a flea on a monocycle.
Enjoy it.
The Rock
However now I know what drove yesterday. A lie. A revamping of the GNP to 3.7 percent from under 2 percent. I would call that manipulation of the stock market. You may call it whatever but that is what I believe happened. I just could not bring myself to believe that speculation that the fed would not raise the interest rate 1/4 of one percent would cause real people with real money to buy back in like that./
God bless, Steve
Designed by physics nerds and math geniuses called Quants, the programs are used to exploit minute movements and long term patterns in markets. As an example, buy a stock at $20 and sell at $20.0002. Doing so at 10,000 times a second, the proceeds add up. At the end of the day, they own NOTHING. Both manipulative and criminal, imo. Those who run these HFT algos are hedge funds, large financial institutions and banks.
The huge swings in index and share price is no longer the result of investor emotions as many would like you to believe. They are more likely to be nothing more than pitched battles between HFT algos of different "firms". Much of the time, share price determination is not based on the value of a company.
It's a world of investing, if that's what you call buying and selling at break neck speeds for slivers of profit that add up to huge profits for these institutionalized market participants. It often comes down to how fast they can purchase and off load a stock rather than how much a company is actually worth.
Did you know, several decades ago, the average length of time a stock was held was measured in years. It is now an average of five days. That's right, FIVE DAYS. Why? Because over half of all buying and selling is done between HFT programs, not investors. Anyone who tells you differently is trying to sell you unicorn farts and fairy dust.
The sophisticated skimmers will always be ahead of investors and regulators as long as the practice is allowed.
Spike, your point is not lost on me. Read up on the Knight Capital fiasco. A runaway algo that cost them at the rate of $10 million dollars an hour before they were able to find and stop the runaway program.
Coincidences of coincidences, one of my main investment product providers just sent me a 28 pager on market timing, and danged if Page 3 isn't exactly what Steve and I were discussing.
So here it is. Source - Morningstar.
You'll have to explain to me how these markets could be considered anything close to normal. HFT, QE, ZIRP, FOREX/LIBOR manipulations, zero and negative interest rates make them anything but normal from a historical sense.
Which is why it does no good to elect an immoral billionaire.
Spike,
The point is as you suggested. Buy and hold.
But pleeeeeze, give me a break about your "ALL ten days" crap. The point is, if you miss even one of the best ten days, you get hurt. Moreover, most of those ten days occur after serious declines when all of the 'fear' "investors" are hiding under the bed.
No one is smart enough to know what the market will do tomorrow. Thus, playing on hunches, technical trends, fear, what all your friends at the cocktail party are saying, ad nauseam when investing, is the kiss of death for investors.
We will see.
The Rock
God bless, Steve
When the news pans the floor that used to be loaded with traders its almost empty.
Mutuals are different and you may be referring to those. Most people I know are buying mutual funds and yes in the past there has over the long haul been nice profit returns.
However, there are differences between those situations and now. Ignore them at your own economic and retirement peril. Positioning your investments to minimize the impact is a perfectly acceptable and reasonable action to take. This is not a form or function of market timing and to imply it as such is a disservice to less knowledgeable investors.
The closer you are to retirement, the more important proper positioning becomes. Less so if you are more than a couple decades away.
A 2008 credit crisis redux appears imminent to many sophisticated investors, traders and economists. Even mainliners like Greenspan.
Why? Because of unprecedented monetary policy and reckless debt levels both domestically and abroad.
This isn't doomsday speak or market driven fear as some would like you to believe. It is based on sound domestic and global economic analysis.
I would also add, that to take a single slice of John Bogle's prolific market wisdom and apply it to investing as if nothing ever changes, you may want to take a look at what he is saying now. Since 2013 he has warned he believes the markets will experience two declines of 50% over the next decade. Should this alarm buy and hold investors in Bogle's view? Not at all, but he has never claimed it is bad advice to position yourself accordingly. Some will trust the advice of their advisors to sit tight. Some will be advised otherwise. It is YOU, the investor who is ultimately responsible to position yourself for tumultuous equity markets. If you have an advisor who is unable to make specific recommendations of what equities to hold and which to shuck, I would advise you to find another advisor. You may think differently and approach investment from an entirely different perspective. I'm fine with that, it's YOUR gains or losses at stake. Do as you wish.
No one can say how long the bull or bear will run. History says between 10 months to sixteen years. But to think nothing is different now is denial on scale I find difficult to fathom.
No argument there.
Are you suggesting that a self directed IRA or a Roth are related to gambling with intraday traders? I thinks that's pitching a specific industry angle, don't you?
It IS the opposite of Bogles decades long advice and it is for good reason? Bogle would be positioning his personal assets for an event like HE described and we would might be wise to do the same. Investors who do not do their own investing should be speaking to those that do so for them. Based on their specific circumstances and their trust in the warnings coming from mainstream legends like Bogle himself back in 2013. There are scores more whose names you may or may not recognize. If you can't find an advisor to help you weave the kind portfolio that meets those concerns, you should find a new advisor.
I've read a lot of what he's said and written over decades of self investing and more than not followed his advice with a splattering of Vangaurd index funds in my own investments.
As I stated, I largerly agree with the imvestment fundamentals to which you have ascribed. I just want to provide some balance on behalf of self investors like myself and a tendency here to discredit even successful self investing as any less skechy as using industry professionals. When I made that leap, I understood and practiced the same fundamentals of investing and some others and still do. As a matter of fact, I had a lifetime interest in managing my own money and sharing with others what has brought me nice, steady growth and protection not common in most investment portfolios and a financial education not matched by average give your money to some one to manage it for you "investors". My decades long fperformance is surely outperformed by many other professional money managers over shorter periods of time but I require a more bullet proof investment portfolio based on my circumstances, beliefs and future market outlook. If I wasn't going to let a money manager pic my holdings for me, I'd sure as heck need to learn to properly value, allocate and DCA into my investments. I also needed to decide who among the many market legends I should read to give me the kind of confidence I wanted in the distribution of any wealth I can generate in my lifetime. Suffice it to say, most of them won't be recognized as faces seen on CNBC and other MSM outlets, although a time or two, a few have had short stints as guests, until they became just a little too honest and forthcoming.
The truth is, the only difference in my investing opinion, which I don't sell btw, is my belief in holding no more than 60% paper assets w/ a 20% allocation in fairly valued land and other hard assets and 20% minimum allocation to physical gold, silver. I also like segregated accounts, for a higher stakes form of gambling in the daytrading casino (more specifically momentum trading up or down and hedging positions in another. A great set of tools to educate yourself and learn to be a better stock picker, commodity investor and insuring time sensitive protection via a hedging account. If the markets, particularly what I view to be a toxic long bond market, truly were unencumbered by government and federal reserve interventions those preferences may swing one way or another. Like I said, your mileage may vary.
You'll have to show me where I said that to make it true. What I have said, is that HFT algos have a distinct advantage over any independent retail investors/traders that can't front run the markets like they do. Whether that is a form of rigging is debatable. I think it most certainly is, apparently you do not. Do you recall the Libor rigging scandal? How about the numerous financial misdeeds leading up to the 2008 credit crisis? How about the financial misdeeds since, that have led to over $250 billion in fines paired out to all of the largest financial institutions in the nation and globally. Are you claiming they have no effect on markets and they were not related to market rigging activities of those institutions? How about federal reserve monetary system interventions and the swollen liquidity that made available for those same institutions that goes right back into the markets enabling them to continue the same activities that caused the 2008 credit crisis in the first place? I could go on.
It appears to me, we are using different definitions of what markets and rigging really are. You also appear to be coming from a specific industry services sector perspective that depends on the confidence of retail investors for their business models to succeed.
"In my experience, it's a lot easier for some people to claim the market is fixed than to admit that they just don't understand the most basic principles of investing. One of them being buy low and sell high."
While I'm sure that defines some people, I'm not one of them. I am a free market capitalist that successfully manages his own investments and shares what he learns with others interested in doing likewise.
I am opposed to market interventions by government and central planners, who would like nothing more that to financially engineer the behaviors of their tax slaves, eliminate cash from our society, destroy middle class savers to further a fiat Ponzi that picks winners/losers and a regulatory process that favors large institutionalized investment firms over independent retail investors and middle class savers.
Your second post seems based on the previous premise that you have no evidence to support, at least that I have read so far, applies to those that are engaging in the discussion here. The only premise you used and I agree with in that specific post is, that markets eventually recover and some people lose money and or opportunity not only because they don't buy low and sell high, but because they don't understand the psychology of humans and money, valuing the fundamentals of businesses and/or investing in businesses or other markets they don't understand. I would also add that they don't understand monetary system principles and the differences in real money vs. paper money or the effects of currency markets on trade and markets in general and in addition to the effects of central planners on supposed free markets. That includes a much more broad population of investors than the ones you describe in your observations. That is problematic whether trading or investing and should be included as a part of every investors decision to invest for him/herself or in their selection of a financial advisor that understands and will act according to the same concerns as their own.
Since my elk hunt has been deferred by a family illness and is on a stand by status, if I don't reply for a few days it's not because I am yet out of bullets to support the views I've expressed, just "gone hunting."
That should concern everyone on many levels.
You seem to be explaining yourself more frequently these days to others than myself. Would that be a weakness in the text or that people just don't seem to "understand" you? I had believed through constant suggestion that I had that market cornered.
The Rock
Thank You for the quick response. How high did you set those stirrups on that horse?
The Rock
The interesting thing to me, is how most all the major financial institutions benefit from the regulatory capture that exists, keeping these sorts of financial crimes that defraud taxpayers and investors alike, with restitution going back to governments instead of those defrauded. You could argue that the taxpayer is reimbursed by extension of government receipts, but that's a stretch and mis- characterization, imo. Primarily because the fines are only a small fraction of the ill gotten gains as one example.
If regulators continue on the same path, it isn't any wonder that independent retail investors would want to describe the markets as casinos and such. I think for very good reason.
So, unlike you seem to, I don't dismiss the notion entirely.
That kind of swipe?
The Rock
You are correct in the give and take department and I can take all that could ever be delivered to my plate on a recreational site such as this. I enjoy the interaction and the incisions both given and taken because learning is never ending. Shed a drop, acquire a vial and visa versa.
I do however become quite uncomfortable when I feel that another is being embarrassed unduly and without merit for the mere sake of correction, no matter perceived, friend or foe.
I should have on reflection allowed it to pass but the bone was hooked deep and I could not dislodge it from my throat. My silence became a cross too heavy to bear and had I remained silent I would have had a sleepless night. A simple PM probably would have sufficed but my fingers were finessed into thinking on their own.
I honestly regret the post because I have unwittingly without thought placed myself under the same scrutiny that has now corrupted my message.
My message stands firm however. My posture leaves little to be desired. I am strong enough for either to have a long term effect.
The Rock
This is what occurs when you think too much, or, not enough.
I sincerely apologize for this mess I created. I guess the strength thing must be re-visited because what I am feeling at this time is anything but strength.
The Rock
Now I can sleep.
The Rock
My 2015 is currently at only +4%..but I'm 90% in cash and have been for 5 1/2 months.
I think if aguy pays attention he can make some money; for example, it was no secret Obama would push for Health care bill...well take a look back at the United health chart for the last 5 years.
Currently Oil is taking it on the chin. I don't try to pick the bottom...but avg in to companies that are going to be there and bounce back. Is oil going to stay below Russia's break even for many years- I think not! You don't have to play oil futures ...you can buy oil stocks like BP paying a 6.5% dividend. If oil stays low...sure the div might get lowered...but still, CVX 4.5%, XOM almost 4% div...those companies aren't going out of business. Heck, the XLE pays 3%.
A guy can pick an entry point...avg in and if oil continues goes lower he can lowly buy the companies more leveraged to the price of oil for an added pop.
Lots of strategies but buying good companies or Real estate low... has always worked for me.
When the Supreme Court ruled in favor of Sodomite marriage they took the most holy of God's institutions on this earth and defiled it with mans rendering which was man't overruling of God's ordained law. At that time having already had the fix in, Obamas and their sodomite bunch light the (White House) up with the colors that the Sodomites have stolen from God's rainbow. That declaration was that what was formerly good was now completely co opted by evil was literally a declaration of war against God.
Guess who loses that one!!!!! This turns the blessing of this nation into a curse against it. The results of the curse already in effect by overwhelming indebtedness which in itself is a declaration of a nation that has rejected God by the implementation of Roe Vs Wade and the murder of 60,000,000 babies by this lawless and Godless nation.
Crash is going to happen. Period. I would believe that it is sooner than you think and I believe that by the history it could well be on or very near the above dates.
God bless, steve
Why wasn't it the 23-24-26 last year. Lots of Sodomite stuff going on then also
