Get ready

Laufen

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not fear mongering, but the next market correction is imminent and it’s going to be a doozy. Strap it on.
 

karlvv

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not fear mongering, but the next market correction is imminent and it’s going to be a doozy. Strap it on.
Should be fun. I'm not ready, but I am good at adjusting.
 

karlvv

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It’s not going to be fun. I’m not ready though either.
My money all comes from the gubment so as long as they dont fail I will be good. If they do fail, we are in pretty deep shit. I do have plenty of rounds, seeds, food, and water.
 
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Laufen

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My money all comes from the gubment so as long as they dont fail I will be good. If they do fail, we are in pretty deep shit. I do have plenty of rounds, seeds, food, and water.
That’s great. Some people call wave theory voodoo horse hockey, I hope they’re right this time. Today’s mivement mimics djia 1929. No joke. I hope they’re wrong.
 

erkinator

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and they are going to blame who in 5,4,3,2,1

BUSH
 
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Hoss

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Buying on margin is at an all-time high. A big loss would devastating to many but the fundamentals of our economy and the recent tax breaks would lead to a quick recovery. We are much stronger now than in the 1920's & 30's.
 
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Shemp

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not fear mongering, but the next market correction is imminent and it’s going to be a doozy. Strap it on.
care to elaborate to someone with little connection to the world anymore?
 
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Shemp

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Prepare for a very large dip in the stock market.
I got that, but what is making you make that prediction? I know we have been WAY overdue for one but I figured that should have happened years ago. Why now?
 

karlvv

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Prepare for a very large dip in the stock market.
The fed announced they will likely raise interest rates at a quicker pace than expected. That alone will get money pulled out of the market. It will be interesting to watch.
 
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Laufen

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I got that, but what is making you make that prediction? I know we have been WAY overdue for one but I figured that should have happened years ago. Why now?
I’m a big believer in wave theory, and we’re about to complete a “grand cycle” with a beginning of a third leg down. The Dow just indicated this correction would begin to take shape imminently. What would our markets look like at Djia 15000? 10000? 8000? 6000?

Also, I’m not making that prediction, the markets are.
 
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Laufen

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The fed announced they will likely raise interest rates at a quicker pace than expected. That alone will get money pulled out of the market. It will be interesting to watch.
Agreed, but this movement is less artificial, and will happen regardless.
 

Shemp

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I’m a big believer in wave theory, and we’re about to complete a “grand cycle” with a beginning of a third leg down. The Dow just indicated this correction would begin to take shape imminently. What would our markets look like at Djia 15000? 10000? 8000? 6000?

Also, I’m not making that prediction, the markets are.
Interesting. I just pulled a lot of my retirement savings out for another unrelated reason, but ti seems like it may be a blessing in disguise.
 
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Laufen

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Interesting. I just pulled a lot of my retirement savings out for another unrelated reason, but ti seems like it may be a blessing in disguise.
I’ve suggested the same thing to my parents. That’s how confident I am that this is a better time to be in cash.
 
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Hayata

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So time to switch to bond funds?

My wife used to work for a hedge fund and on their advice I completely missed the 2008 dip by switching my 401K into bond funds. But I never had enough sense to come out of bonds and ride it back up until 6 years ago.