Everyone who invests needs to watch this. In general I'm not a fan of Bloomberg new, nor do I agree with this gentleman's view's on global warming, but everything else he says is consistent with my interpretation of current events. Grantham is NOT a perma-bear and has a good history of identifying asset bubbles. Make no mistake, we are in an asset bubble. There might even be a couple more legs up, but eventually there will be no more bigger fools and confidence will break. That will be the beginning of something...not good.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
Sorry I don’t know how to imbed any other than YouTube videos
I'm pretty certain when we sing our anthem and mention the land of the free, the original intent didn't mean cell phones, food stamps and birth control.
Ron Paul and the rest of the Austrian economists have been sounding the alarm bells about how fiscal policy would result in this for a looooooong fugn time now. But since none of them are part of the financial-industrial complex like the major media are, their opinions haven't much volume or magnitude.
I've taken Austrian stance and I'm about as set as I'm going to get without betting the house on it.
I finally got around to watching it. Its been showing up on my Youtube feed and been posted twice here.
Grantham's analysis is spot on. But it was spot on last year, the year before, the year before that and the year before that too. TSLA is egregiously and I mean EGREGIOUSLY overpriced.....like pricing in the owning the auto market for the next thousand years overpriced. It has been that way for several years, that is why guys short it and they keep getting squeezed out so it goes up and the cycle repeats. Its killed more bears than Boone and Crockett put together.
Eventually, the big grizzly bears are gonna eat. I thought they were gonna feed last March but the guys with money bazookas chased them back into their dens.
"Men must be governed by God or they will be ruled by tyrants". --- William Penn
There is hardly a doubt there is a bear coming. I have been getting ready for a few months now. I took out about 16K out of the S&P 500 cause it is so off balance towards tech stocks. Today I put a bunch of it in utilities, ( WEC & FUTY) FUTY is Fidelity utilities ETF. I have been buying food, like Kellogs, General Mills, Archer Daniel Midland and Smuckers Jelly. We will eat and heat our homes . Today I also bought a more conservative high yield ETF ( SPYD). It has a lot of real estate , energy and banks. I figure we will eat, heat our homes and need a place to eat and go to the bank. I almost always loose about half of what the market does on real bad days and corrections. The bear last year was every bit as bad for " conservative stocks as the tech stocks, but that was a first for me.
But the fruits of the spirit is love, joy, peace, patience, kindness, goodness,faithfulness, Gentleness and self control. Against such things there is no law. Galations 5: 22&23
There is hardly a doubt there is a bear coming. I have been getting ready for a few months now. I took out about 16K out of the S&P 500 cause it is so off balance towards tech stocks. Today I put a bunch of it in utilities, ( WEC & FUTY) FUTY is Fidelity utilities ETF. I have been buying food, like Kellogs, General Mills, Archer Daniel Midland and Smuckers Jelly. We will eat and heat our homes . Today I also bought a more conservative high yield ETF ( SPYD). It has a lot of real estate , energy and banks. I figure we will eat, heat our homes and need a place to eat and go to the bank. I almost always loose about half of what the market does on real bad days and corrections. The bear last year was every bit as bad for " conservative stocks as the tech stocks, but that was a first for me.
What do I do with 401k stocks? There are only around 30 different mutual funds/portfolios I have to play with.
There is hardly a doubt there is a bear coming. I have been getting ready for a few months now. I took out about 16K out of the S&P 500 cause it is so off balance towards tech stocks. Today I put a bunch of it in utilities, ( WEC & FUTY) FUTY is Fidelity utilities ETF. I have been buying food, like Kellogs, General Mills, Archer Daniel Midland and Smuckers Jelly. We will eat and heat our homes . Today I also bought a more conservative high yield ETF ( SPYD). It has a lot of real estate , energy and banks. I figure we will eat, heat our homes and need a place to eat and go to the bank. I almost always loose about half of what the market does on real bad days and corrections. The bear last year was every bit as bad for " conservative stocks as the tech stocks, but that was a first for me.
What do I do with 401k stocks? There are only around 30 different mutual funds/portfolios I have to play with.
I'm going to start moving some of the Growth Funds to Balanced Funds in an attempt to keep more of the gains.
A true sportsman counts his achievements in proportion to the effort involved and fairness of the sport. - S. Pope
There is hardly a doubt there is a bear coming. I have been getting ready for a few months now. I took out about 16K out of the S&P 500 cause it is so off balance towards tech stocks. Today I put a bunch of it in utilities, ( WEC & FUTY) FUTY is Fidelity utilities ETF. I have been buying food, like Kellogs, General Mills, Archer Daniel Midland and Smuckers Jelly. We will eat and heat our homes . Today I also bought a more conservative high yield ETF ( SPYD). It has a lot of real estate , energy and banks. I figure we will eat, heat our homes and need a place to eat and go to the bank. I almost always loose about half of what the market does on real bad days and corrections. The bear last year was every bit as bad for " conservative stocks as the tech stocks, but that was a first for me.
What do I do with 401k stocks? There are only around 30 different mutual funds/portfolios I have to play with.
I'm going to start moving some of the Growth Funds to Balanced Funds in an attempt to keep more of the gains.
Just don't get caught in bonds when interest rates start going up.
As interest rates increase, bond prices decrease.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
Exactly. And prediction of that is difficult at best. Some expert will get lucky and accurately predict the market crash. The many other experts will be wrong. I don’t know which one will be the lucky one. So I’ll stay in a balanced portfolio and not try to guess the crash.
It's coming, but the next stimulus could push it back another 9-12 months. It's going to be pretty epic when it hits.
It will take a lot more than one stimbumus to keep this house of cards standing.
Dumped all mutual funds several days ago. Went all in on a couple money market accounts.. for now.
Don't care what the market does now. Don't need the income. Just preservation of capital in those accounts. More or less savings accounts at this point, anyway. I'll figure out where I want to put that money soon.
Rents come in every month. So does social security. Above my needs.
You Youngbloods bustin on boomers, keep those lawns mowed. Social Security coming 2nd Wednesday.
New stimbumus should be soon.
Enjoy the journey.
Slaves get what they need. Free men get what they want.
The market is going up because of the Fed and the government being money supply whores. When we hit the intersection of tightening money supply and the reality of the anti capitalist Marxist regime, there's going to be a bloody mess.
Progressives are the most open minded, tolerant, and inclusive people on the planet, as long as you agree with everything they say, and do exactly as you're told.
The market is going up because of the Fed and the government being money supply whores. When we hit the intersection of tightening money supply and the reality of the anti capitalist Marxist regime, there's going to be a bloody mess.
You got it, Jake.
Slaves get what they need. Free men get what they want.
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