Market Crash Coming !!!!!

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G

Guest
A Banker friend of mine was just out to some big 2 week seminar thingy in Denver. One of the keynote speakers is predicting the end of the 'Trump Bubble' that has been fueling the increase in the stock market since November. The number of over valued stocks has never been higher in his opinion. So in Sept or Oct there will be a correction. So there is your news for the day. You have been warned.
 
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Cirrus_Driver

Guest
Not according to my investment banker at JP Morgan / Chase.
2 - 3 hour meetings in the last month, and they are making the case for market undervaluation based on forward earnings vs. price.
Reviewed detailed charts. I'm sitting on a surplus of cash, so trying to figure out where to put it.
I went in with relatively the same attitude - wanting to be conservative.
 
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G

Guest
I am not in the stock market anymore so I don't care. I loan my money out to people that can't get loans at a conventional bank and don't want to pay 30% credit card rates. I charge 7 and 1/2 percent. Been working out rather well. I also employ a 350 lb guy with no body fat named Bruno.
 
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Cirrus_Driver

Guest
What happens when "Bruno" can't find them at their last known address?
 
gary_in_neenah

gary_in_neenah

Super Moderator
Staff member
Well I'm certainly no expert on Finance but I do know that the market will have "corrections" all the time. As for "crashes" there's only been three, two in modern times. 87 was caused by a panic, sell off. 08 was caused by the Real Estate bubble when too many people couldn't afford the homes they lived in and were living beyond their means.

And you know what they say, "If you can't afford to lose it, don't invest it in the Stock Market". Instead bury it in the backyard or buy a snowmobile.:wink-new:
 
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whitedust

Well-known member
August always has been a pull back month over the last several years. I like having my money work for me so always long on investments ride it out with the exception of 2008 got out in June or July before it hit the fan. The Real Estate banking bubble was crystal clear to me as soon as all that talk started I saw it as a wide spread cancer... got out parked in Fed insured accounts. Then I got back in early and worked out ok for me all in all. My only worry now is North Korea but Tillerson wants to talk with Kim settle him down. Really not much anyone can do with North Korea and Kim knows it. If there is a pull back I'm ok with it and will move things around a bit.
 
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Tracker

Guest
XXX007 said:
Not according to my investment banker at JP Morgan / Chase.
2 - 3 hour meetings in the last month, and they are making the case for market undervaluation based on forward earnings vs. price.
Reviewed detailed charts. I'm sitting on a surplus of cash, so trying to figure out where to put it.
I went in with relatively the same attitude - wanting to be conservative.
Click to expand...

stryker medical....nuff said
 
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Cirrus_Driver

Guest
AAPL reported earnings after market close and earnings and revenues exceeded expectations with no new phone release.
Up 6.3% in pre-market. This bodes well for NASDAQ today.
 
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whitedust

Well-known member
XXX007 said:
You've done well! Congrats. Largest market cap company in the world?
And may not be done growing, with this new I-Phone 8 curved screen and facial recognition.
Click to expand...

Apple in great shape blew the numbers away I-Phone 8 coming a total buy or hold. Selling would be very stupid..imo
 
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m8man

Moderator
gary_in_neenah said:
Well I'm certainly no expert on Finance but I do know that the market will have "corrections" all the time. As for "crashes" there's only been three, two in modern times. 87 was caused by a panic, sell off. 08 was caused by the Real Estate bubble when too many people couldn't afford the homes they lived in and were living beyond their means.

And you know what they say, "If you can't afford to lose it, don't invest it in the Stock Market". Instead bury it in the backyard or buy a snowmobile.:wink-new:
Click to expand...

Don't forget the Tech bubble crash about 15 years ago....although it was mainly tech based it did ripple through the market...here is a stat to go ughhhh over....

On March 10, 2000, the NASDAQ Composite peaked at 5,132.52, but fell 78% in the following 30 months

yuck
 
chords

chords

Active member
Does any of this really matter ? The AAPL ? or NASDEQ numbers are ? Its all on paper... or digital screen. Prob not unless your cashin' out tomorrow.

Or to take a play from R. Bachman -- Let It Ride

 
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Skylar

Super Moderator
Staff member
It only matters when one is about to retire, and it crashes. My mom retired in 09, right after the 08 crash. She lost over 75k
 
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whitedust

Well-known member
The NASDAQ purged all the .com phonies years ago...lol...Apple no .com.... tech goes up and down if you can't take the heat avoid tech lots of blue chip industrials out there if you prefer... me I like tech a lot!
 
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