CNBC talking heads warn of up to 60% market correction
- Thread starter Displaced Bama Fan
- Start date
Though the economy has gotten considerably better (at least in the last year or so), the market has been going up a lot longer than that, and in many minds, unjustifiably so. This shouldn't be much of a surprise to anyone paying attention to all of this, or to anyone at least hearing the clarion calls for the fall - when is the only question.
Time to put on my "shorts"...... :biggrin:
Time to put on my "shorts"...... :biggrin:
Two certainties in this world. One, having government juice the market will eventually lead to a crash. Two, the big government crowd will then scream "market failure" and propose a solution of more government intervention to deal with the "ills of capitalism."
All that being said, he is just figuring out a way to increase his share of a market that has seen fees erode due to people finally starting to pay attention to how much financial analysts are charging for their guesses. He is doing this by tapping into the unease of people seeing the market do some really crazy things lately. I know a former state economist who can't for the life of him understand where all this optimism is coming from in the market (well besides QE and even then he said it shouldn't account for all the gains based off of the poor performance of the economy and housing markets). Will there be a correction, most definitely, but last time I tried to time the market I missed out on a big chunk of gains I could have had because I thought "There is NO way it will keep going up." Last time I said that was about a month ago figuring that we would never hit 17K. Shows you why I quit playing the stock marketGuy trying to sell his brand of winning the stock market said:
"David Tice, president of Tice Capital and founder of the Prudent Bear Fund, told CNBC's "Power Lunch." When this happens, he said, markets will face a "period of extreme turmoil."
He's selling.
He's selling.
Position yourself to take advantage of the correction and the bargain prices. You gotta do like Kenny Rogers and "know when to hold'um, know when to fold'um, know when to walk away and know when to run". :biggrin:
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Yep, I've taken much of my gains and converted to cash. I will wait for the "correction" and allow everybody to "freak out" then I will re-enter and pick up some stuff for bargain prices.
You must be talking about the bargain prices that rental properties are going for right now. We're looking into getting a few in the next few months in our area.
Its easier to make money in a down market than an up market. Its hard for a lot of people to do because buying stocks that are going down goes against most people's intuition. And you can obviously short almost any stock during a correction..
Market timing is extremely difficult to do and even the so called professionals generally fail at it. Everyone knows that eventually there will be a correction but timing them cant be done consistently in the long run.
Yep. It goes against most people's reasoning but a lot of people make a ton of money in down markets. But as you said it goes against most people's intuition so they stay out of the market when it is down.
Unless you are going to cash out for good this is flawed reasoning. You can buy more shares of the same stock in a down market and then you will have that much more money when it "corrects" back the other way. If you are only buying stocks when the markets are at all time highs you are buying high and selling high. >>>>>Buy low and sell high..
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