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Economy crash =/= stock market crash?

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  • Type_45
    Type_45 Posts: 1,723 Forumite
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    adindas said:
    The mini debate whether there will be recession this year or next year ?
    I fully agree that when the oil price surge to US$175, that is what might trigger recession. Oil/Gas price will effect almost everything in everyday life.
    Chances of recession: ETF investors prepare




    These are extremely lightweight "analysts", mostly.  But some key points were covered (eg, Taiwan).
  • adindas
    adindas Posts: 6,856 Forumite
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    edited 8 June 2022 at 10:50PM
    Type_45 said:
    adindas said:
    The mini debate whether there will be recession this year or next year ?
    I fully agree that when the oil price surge to US$175, that is what might trigger recession. Oil/Gas price will effect almost everything in everyday life.
    Chances of recession: ETF investors prepare


    These are extremely lightweight "analysts", mostly.  But some key points were covered (eg, Taiwan).
    It is good to expand your horizon, watching varieties of debates. However the lightweight they are you could still watching their DDs and reasoning.
    Have you read article about Long-Term Capital Management L.P. (LTCM) led by Nobel Prize-winning economists and renowned Wall Street traders Scholes and Merton that blew up in 1998, forcing the U.S. government to intervene to prevent financial markets from collapsing. They are Nobel Laureates in economics.
    There is no certainty in the stockmarkets. For that reason it is good to learn from varieties of authoritative sources and watch varieties of debate. Using your common sense, the most powerful tool in decision making you make your own decision. It might not be right all the time but you are not making a random decision.
    It seems you probably watch too many prophets thus reflected in your writing which are much more about prophecy rather than analysis in the stock market.
  • Type_45
    Type_45 Posts: 1,723 Forumite
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    adindas said:
    Type_45 said:
    adindas said:
    The mini debate whether there will be recession this year or next year ?
    I fully agree that when the oil price surge to US$175, that is what might trigger recession. Oil/Gas price will effect almost everything in everyday life.
    Chances of recession: ETF investors prepare


    These are extremely lightweight "analysts", mostly.  But some key points were covered (eg, Taiwan).
    It is good to expand your horizon, watching varieties of debates.
    Have you read article about Long-Term Capital Management L.P. (LTCM) led by Nobel Prize-winning economists and renowned Wall Street traders Scholes and Merton that blew up in 1998, forcing the U.S. government to intervene to prevent financial markets from collapsing. They are Nobel Laureates in economics.
    There is no certainty in the stocks. For that reason it is good to learn from varieties of authoritative sources and watch varieties of debate. Using your common sense, the most powerful tool in decision making you make your own decision. It might be right all the time but you are not making a random decision.
    What I have seen you probably watch too many prophets thus you are writing much more about prophecy rather than analysis in the stock market.

    I listen to some serious analysts who are data-driven.

    One example of that is Jamie Dimon, CEO of JP Morgan.  He has access to data which you nor I have access to.  And neither do any of CNBC's fake prophets such as Jim Cramer, who is the very epitome of a reverse indicator.
  • Zola.
    Zola. Posts: 2,204 Forumite
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    JP Morgan are not a reputable company. Probably better off doing the opposite of what Jamie Dimon says. 
  • adindas
    adindas Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 8 June 2022 at 11:07PM
    Type_45 said:
    adindas said:
    Type_45 said:
    adindas said:
    The mini debate whether there will be recession this year or next year ?
    I fully agree that when the oil price surge to US$175, that is what might trigger recession. Oil/Gas price will effect almost everything in everyday life.
    Chances of recession: ETF investors prepare


    These are extremely lightweight "analysts", mostly.  But some key points were covered (eg, Taiwan).
    It is good to expand your horizon, watching varieties of debates.
    Have you read article about Long-Term Capital Management L.P. (LTCM) led by Nobel Prize-winning economists and renowned Wall Street traders Scholes and Merton that blew up in 1998, forcing the U.S. government to intervene to prevent financial markets from collapsing. They are Nobel Laureates in economics.
    There is no certainty in the stocks. For that reason it is good to learn from varieties of authoritative sources and watch varieties of debate. Using your common sense, the most powerful tool in decision making you make your own decision. It might be right all the time but you are not making a random decision.
    What I have seen you probably watch too many prophets thus you are writing much more about prophecy rather than analysis in the stock market.

    I listen to some serious analysts who are data-driven.

    One example of that is Jamie Dimon, CEO of JP Morgan.  He has access to data which you nor I have access to.  And neither do any of CNBC's fake prophets such as Jim Cramer, who is the very epitome of a reverse indicator.
    I listen to a lot of people including Jamie Diamond. There are a lot of multi billionaires hedge funds out there if you compare the money they are making, Jamie Diamond is nothing.
    Do you know these name ?
    Warren Buffett, Peter Lynch, Ray Dalio, Carl Icahn, Ron Baron, Jim Simons, George Soros, Steve Cohen, Daniel Loeb, Paul Tudor Jones, Bruce Kovner, Stanley Druckenmiller, Bill Ackman
    A few of them have appeared on CNBC Television, Bloomberg Markets and Finance.

  • Prism
    Prism Posts: 3,849 Forumite
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    Type_45 said:

    I listen to some serious analysts who are data-driven.

    One example of that is Jamie Dimon, CEO of JP Morgan.  He has access to data which you nor I have access to.  And neither do any of CNBC's fake prophets such as Jim Cramer, who is the very epitome of a reverse indicator.
    JP Morgan's chief economist disagrees with what Jamie Dimon (who is not an economist) says. Neither of them, nor anyone else really knows what will happen.
  • Type_45
    Type_45 Posts: 1,723 Forumite
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    Zola. said:
    JP Morgan are not a reputable company. Probably better off doing the opposite of what Jamie Dimon says. 

    Yeah, he's the wrong sort of expert.  He says things we don't agree with.
  • Type_45
    Type_45 Posts: 1,723 Forumite
    1,000 Posts Fifth Anniversary Name Dropper Combo Breaker
    Prism said:
    Type_45 said:

    I listen to some serious analysts who are data-driven.

    One example of that is Jamie Dimon, CEO of JP Morgan.  He has access to data which you nor I have access to.  And neither do any of CNBC's fake prophets such as Jim Cramer, who is the very epitome of a reverse indicator.
    JP Morgan's chief economist disagrees with what Jamie Dimon (who is not an economist) says. Neither of them, nor anyone else really knows what will happen.
    “An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.”
  • Prism
    Prism Posts: 3,849 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper
    Type_45 said:
    Prism said:
    Type_45 said:

    I listen to some serious analysts who are data-driven.

    One example of that is Jamie Dimon, CEO of JP Morgan.  He has access to data which you nor I have access to.  And neither do any of CNBC's fake prophets such as Jim Cramer, who is the very epitome of a reverse indicator.
    JP Morgan's chief economist disagrees with what Jamie Dimon (who is not an economist) says. Neither of them, nor anyone else really knows what will happen.
    “An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.”
    Agreed, they are all guessing. So why do you listen to Jamie Dimon since he is just guessing too?
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