(I mean the S&P 500 by the term "market") The first time the lows have been tested will not be the last... The market has at least another 21% to bleed down to 750, if not more to 600 (which is what I really believe will happen) Some good advise now is to short the market down to whatever you feel comfortable with, take the gains and invest in the market when they are even lower than they are now. If you missed a buying opportunity when the market was at 800, you still have another chance, 950 is just way too high to start investing. I believe these numbers to be extremely conservative.
Before you jump into these waters, I merely wanted to let you know about the possibility that the market may not be ready for a large buy in quite yet.
This time we will learn? If that was ever going to happen, the 30's would have been the time. We only learn enough to make a collapse happen in a differint way than the last one did. I am struggling to even find a point in this lengthy article other than the economy will one day recover after a massive correction. Most people think it will recover including me, since we have learned enough from the 1930's to prevent a complete crash, however I would not be suprized if the S&P 500 sank to 400 before that happened. There is no question about this becomming worse than the crises of 2002. Whatever happends, inflation may go sky high as the government prints out more money to throw at the fake money; but we will still have a stock market.
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The first time the lows have been tested will not be the last... The market has at least another 21% to bleed down to 750, if not more to 600 (which is what I really believe will happen) Some good advise now is to short the market down to whatever you feel comfortable with, take the gains and invest in the market when they are even lower than they are now. If you missed a buying opportunity when the market was at 800, you still have another chance, 950 is just way too high to start investing. I believe these numbers to be extremely conservative.
Before you jump into these waters, I merely wanted to let you know about the possibility that the market may not be ready for a large buy in quite yet.
This Time, We'll Learn the Lesson [View article]