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Is the stock market over heating?
Comments
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jonesMUFCforever wrote: »LOL have you thought of Bitcoins!!!
Not sure I get your point. Do you think that the stock market is not due a downwards correction and banking gains to date is futile?0 -
Well you seem to know and say he is 90% wrong. I guess you should also.
Sorry, bogus argument.
He claims he understands the present enough to be able to predict the future. As he's wrong regards the former, we can put the latter into perspective.
I know I can't predict the future because it's clear that no-one can with any accuracy worth discussing.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Very possibly, but banking gains and sticking into cash guarantees a slow erosion of wealth in any case.
Yes, I'm aware of that. And also aware that "if" the market dives then any banked gains can be reinvested at lower prices to make further gains when markets recover. But I wasn't advocating a course of action, just stating my own quandary. No idea what Bitcoins have to do with anything, but being in cash if the market tanks would be a good place to be for anyone with an accurate crystal ball.0 -
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Bitcoin is related to banking. They really are serious about setting an alternative means to transacting besides dollars so you can take the price inversely.fortunes of the richest 10% who haven't suffered any recession and are looking forward to ever greater excesses
Thats an inward view when most of the world is continuing growing and that growth is ascending from poverty to slightly less pauper circumstance.
I dont think growth would be about just the rich, the exploitation of the poor maybe but the top tier of tax payers can never drive an economy.
The west as we all know is not growing properly but its not about us0 -
.... unless they have inside information.gadgetmind wrote: »...... predict the future because it's clear that no-one can with any accuracy worth discussing.
What about those who control the future - politicians with their finger on the money printing button? (or pulling the strings of those who have)“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
Glen_Clark wrote: »What about those who control the future - politicians with their finger on the money printing button?
Don't make me laugh! Politicians have very little real control and the exact effect of QE was always very difficult to predict. Even the future effect of it being wound down will get you three different opinions from every two economists.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
exact effect maybe, but pretty obvious every new wave of money printing raises asset prices.gadgetmind wrote: »Don't make me laugh! Politicians have very little real control and the exact effect of QE was always very difficult to predict. Even the future effect of it being wound down will get you three different opinions from every two economists.
... and interest free loans on £600k sub prime mortgages will increase house prices“It is difficult to get a man to understand something, when his salary depends on his not understanding it.” --Upton Sinclair0 -
The goal of QE was primarily to reduce systematic risk with raising market confidence and putting a stop under the recession as secondary goals.
That it caused the equity bull market that it did (if in fact it was QE that did this!) came as a surprise to everyone including the many dozens of pundits who incessantly predicted the whole lot was about to crash at any moment.
Of course, it could all crash at any moment! I'm sure those who call it just before the crash will be seen as wise soothsayers, and people will forget all the dozens of times they said it would happen yet it didn't.
It's always interesting come New Year when the predictions of the "experts" are compared with reality. What's startling is how many insist they were right, that it's actually reality that's got it wrong, and that everything will soon "correct".I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0
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