Does anyone else see an economic crash coming?

[Neb]

From the article:

This would most likely imply that 44% of the respondents were rich, and 32% of the respondents were poor.

I read it as an opinion if it is possible for a person to rich and good at the same time.

Ben

 

[DrHenley]

I've been warning about this for years, and now it's here...

 

[SLADE]

seems there is a lot left to play with.

 

[montanabill]

seems there is a lot left to play with.

I once upon a time was heavy into credit cards.
Paying the interest is one thing.....then there is some on the principle, pay for food and living expenses, transportation, medical expenses, ongoing rent or land and property payments, etc etc...
I hope your comment is in jest....if not maybe take a listen to Dave Ramsey..

The coming economic crash will get us all if the child trafficking doesn't collapse the government first.

 

[DrHenley]

seems there is a lot left to play with.

That's someone driving 100 mph straight towards a cliff and saying "I still have 20 feet to play with"

 

[montanabill]

That's someone driving 100 mph straight towards a cliff and saying "I still have 20 feet to play with"

My own little parable when talking to willing people about the coming hard times is the analogy of the native buffalo jumps we have in my area.
The herd gets pushed and scared into running a certain direction and is led sometimes by a few very fast young people each covered with a buffalo skin.
the whole herd gets moving fast and at the last minute the fast running youth in front drop over the cliff to a small shelf as the herd gets pushed over the cliff by those behind them..
That one tribe eats well from the mass of dead and injured buffalo...Excavations have shown 18 feet of compacted buffalo bones at the foot of some buffalo jumps...

My plan includes trying to see the stampede for what it is and quietly moving off to the side of the herd while they thunder past. Then I have to be careful of the side guards that want to whole herd to go over the cliff.

 

[Supervisor42]

That's someone driving 100 mph straight towards a cliff and saying "I still have 20 feet to play with"

Yeah, while nobody was watching, it looks like the Trump-bump "correction" is going to overdo it.
Pretty steep and quick, with no blips.
Even my pitiful stock portfolio is down $10K in 'paper value'
Maybe Santa will bring us a present we can open on January 20th.

 

[Haertig]

Economic ups and downs, stock market crashes, and all this stuff is part of life. It has happened in the past, in this country and in every other country, and it will happen again. You should be ready for it all the time, not just during someone's panicked predictions because of "signs they have seen", like now.

That being said, people should be prepared for large scale and long duration financial downturn. If people are not, then need to move themselves towards this position. You don't accomplish that overnight. You don't do it with a "miracle move" - like cashing in all your stocks and buying gold. And you certainly don't do it only during panicked predictions of imminent financial collapse. By all means, make your move to protect your financial future ... but do it for your entire life. Not just for the predicted collapse of society du jour.

 

[Neb]

Yeah, while nobody was watching, it looks like the Trump-bump "correction" is going to overdo it.
Pretty steep and quick, with no blips.
Even my pitiful stock portfolio is down $10K in 'paper value'
Maybe Santa will bring us a present we can open on January 20th.
View attachment 170052

There is planty of uncertainty in the near future. There are no clear paths ahead and stocks doesn't like uncertainty.

Looking ahead to Jan 20 is most likely prudent at this time.

Ben

 

[SLADE]

I once upon a time was heavy into credit cards.
Paying the interest is one thing.....then there is some on the principle, pay for food and living expenses, transportation, medical expenses, ongoing rent or land and property payments, etc etc...
I hope your comment is in jest....if not maybe take a listen to Dave Ramsey..

The coming economic crash will get us all if the child trafficking doesn't collapse the government first.

I was kidding but it's no joke.

 

[Supervisor42]

There is planty of uncertainty in the near future. There are no clear paths ahead and stocks don't like uncertainty.

Looking ahead to Jan 20 is most likely prudent at this time.

Ben

If it falls much more, do you think it would be a good 'gamble' that stocks will return to 'normal' after the dust of uncertainty settles after January?
I just can't envision it continuing to drop.

 

[Amish Heart]

It's not normal now. It's abnormally high.

 

[Neb]

If it falls much more, do you think it would be a good 'gamble' that stocks will return to 'normal' after the dust of uncertainty settles after January?
I just can't envision it continuing to drop.

Price/ earnings traditionally is 15-20.

Few stocks are in that range now but much higher.

After every crash stocks came back. 1929 took 10 years.

We have lasted well and are sitting on the sidelines until we can get a handle on where the world goes after Jan 20.

Ben

 

[Supervisor42]

Price/ earnings traditionally is 15-20.

Few stocks are in that range now but much higher.

After every crash stocks came back. 1929 took 10 years.

We have lasted well and are sitting on the sidelines until we can get a handle on where the world goes after Jan 20.

Yeah, I need to watch for low P/E ratios :
Both of these 2 have been in business over 100 years and they AIN'T gonna vanish!

How low can you go?

 

[Neb]

Yeah, I need to watch for low P/E ratios :
Both of these 2 have been in business over 100 years and they AIN'T gonna vanish!
View attachment 170095 View attachment 170096
How low can you go?

You asked and Powell delivered. He announced another 0.25% rate cut. S&P is down 1.5% in the last hour and a half.

Only sliver lining is it will reduce the cost of servicing the national debt.

Ben

 

[zoomzoom]

United Health had a banner day today. Up almost 3%. The rest of the market crashed to almost the same percentage. I'll be looking for deals in the morning.

 

[teeceetx]

$36 trillion in debt ... BRICS ... Massive retail closures ...

Hell yes there will be a recession. Only question is just how bad will it be!

 

[Supervisor42]

You asked and Powell delivered. He announced another 0.25% rate cut. S&P is down 1.5% in the last hour and a half.

Only sliver lining is it will reduce the cost of servicing the national debt.

Ben

I didn't do it!!! I promise!