In a year from now, we will all be having a good laugh over what has happened and for some it will be a very sobering moment. I am 100% confident that we will be lower 1 year from now with many companies insolvent and even big well known names like the Bank of America BANKRUPT. Anyway you slice it or dice it, by the end of the year your long term portfolio will be showing some pain.
Anyway you slice it the market has to go down? That is some sound reasoning, that is unless the market ends the year up. There are countless variables that can affect the market in either direction. To make claims that no matter what happens to those variables the market must go down just shows how misguided you are. I love the world we live in now, where anytime the indices have 2 bad days in a row its considered a crash or the beginning of the end. Keep betting that blue chip stocks are destined to go bankrupt and you will be doing exactly at your name says, blowing up.
i made the bet at the lows of last year so i didn't get the best of odds at all unfortunately. pour one out for iran i've still got a hope.
One year from now we probably will be in a bear market, but probably won't be lower than where we are now. A year and a half from now, well that may be a different story. As for Bank of America, you obviously don't understand socialism.
Yes we must "transcend popular opinion and stop living in a confusing world of Obama's lies and promises." Now that is the most logical, technically sound and well thought out reasoning behind why we should all go massively short. No ideology infringing on cold logic there. No sir. What's funny here is how authentic, literate and authoritative sounding your post is. Just like all the other vacuous prognostications by the so-called pros that are worth the paper they're not even printed on.
Very true yet it never seems to stop these "pros" from continuing to try and call tops, doubling down on losers, and betting against the trend.
As I have discussed in many past posts, I believe the primary factors are the incredibly dangerous and reckless actions of the goofy private central bankers who control the US fiat dollar, the bureaucrats at the Federal Reserve. Whenever the wizards at the Fed run the proverbial printing presses to create more fiat dollars out of thin air, those inflationary dollars have to seek out a new home and a great deal of them begin bidding competitively on the already overvalued US equity markets. It is no coincidence that the S&P 500 bubble really ignited after the Fed began aggressively goosing US money supplies in 2009.
isnt this what exchanges are for? blowingup: im going to follow you around the board and let everyone know in advance that you have severe personality disorder and have not yet attempted treatment for your trading addiction and social problems