Econ Get ready

GA Firing Line

Laufen

Beloved flaming retard
Lifetime Supporter
Mar 23, 2015
7,927
6,129
113
I85
Zip code
30030
not fear mongering, but the next market correction is imminent and it’s going to be a doozy. Strap it on.
 

karlvv

The LEGEND
Kalash Klub
Lifetime Supporter
Apr 3, 2015
3,784
12,415
113
Harlem, GA
Zip code
30814
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.
 
  • Like
Reactions: 1776 and Laufen

Laufen

Beloved flaming retard
Lifetime Supporter
Mar 23, 2015
7,927
6,129
113
I85
Zip code
30030
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 2

Smiling Handyman
Lifetime Supporter
Jul 1, 2015
1,215
1,931
113
Zip code
30513
and they are going to blame who in 5,4,3,2,1

BUSH
 
H

Hoss

Guest
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.
 
  • Like
Reactions: 1776

Shemp

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
30152
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?
 
  • Like
Reactions: 1776

Shemp

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
30152
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

The LEGEND
Kalash Klub
Lifetime Supporter
Apr 3, 2015
3,784
12,415
113
Harlem, GA
Zip code
30814
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.
 
  • Like
Reactions: Laufen

Laufen

Beloved flaming retard
Lifetime Supporter
Mar 23, 2015
7,927
6,129
113
I85
Zip code
30030
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.
 
Last edited:
  • Like
Reactions: Shemp

Laufen

Beloved flaming retard
Lifetime Supporter
Mar 23, 2015
7,927
6,129
113
I85
Zip code
30030
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

Boomerwaffen Fuddmander
Kalash Klub
Lifetime Supporter
Mar 24, 2015
13,835
59,922
1,000,001
Tesseract
Zip code
30152
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.
 
  • Like
Reactions: karlvv

Laufen

Beloved flaming retard
Lifetime Supporter
Mar 23, 2015
7,927
6,129
113
I85
Zip code
30030
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.
 
  • Like
Reactions: Shemp

EugenFJR

An anchor on a ship of fools.
Kalash Klub
Lifetime Supporter
Jul 3, 2015
4,564
16,321
113
Your mom's house
Zip code
90210
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?

Don't worry, the war with Korea will pull us out of this depression...
 
  • Like
Reactions: Hayata

Hayata

Blam-blam-blam-blam-blam-blam-blam-blam-PING!
Kalash Klub
Lifetime Supporter
Jul 5, 2015
6,135
30,134
113
Zip code
30022
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.