The DOW is now at 21,411. How High Can This PUPPY GO? This is Crazy.
I am utterly shocked that people are still throwing money at the Stock Markets, specifically the DOW. How bad does a economy have to be in order for their stock market to crash? Apparently in the U.S. the worse off the economy is the Better the stock market is. This makes no sense whatsoever.
image off of google imaging.
Back in 2003 I was heavily invested in some stocks and got my throat cut. Lost around $30,000 in 2 days. Needless to say, that is when I got into precious metals. Precious metals will hold their value and they will always be in my possession.
image taken off of google imaging.
If any of you are heavily invested in some stock market you may want to think twice about staying in. All of us know what lies ahead. The Crash of our lifetime could, and probably is just right around the corner. Stay Safe you all. Cheers.
Life is Wonderful. Keep Steeming People.
Its not really the price action that is a deterrent from the stock market but rather you have NO CHOICE but to hold stocks through financial institutions like local banks, etrade etc.
Plus when markets get over extended up I feel "SELL" is in order and this example is in such case when over extended down is "BUY".
Maybe its hyper inflation bringing this up and sobeit if Dow 30,000 comes soon but for those very reasons having 999 fine is more than fine for me.
Thanks for the insights Derek. @derekcrypto . I very much value your opinion. I didn't even think about the financial institutions that hold stocks that have no choice but to hold. I'll be holding my silver for sure. You are actually one of the one's that has encouraged me (through your youtube channel) to buy silver and hold. I thank you my friend.
A really good read thank you for sharing
Thank you for reading. Have a great day.
Will follow your advice it sounds logical to me to invest in something you know can not loose value.
Thanks stardust. It will be a wise move in my opinion. Have a great day.
I agree that we are in for a downturn. If the Fed does not use their trading desk the downturn will be large (40-50%). What will the fed do is the big question.
I read a report the other day dealing with this. The Fed keeps bolstering up interest rates to try and quench the upturn in the stock market? I don't know if this is true, but it is interesting. I think we are being prepared for a market crash for sure. Thanks @richard78624
Yeah. Totally agree. Don't have much to add other than I wrote another article from a different perspective. This perspective was from the $2B in gold paper contracts that smashed the price down $18 in one minute. This is all crazy.
https://steemit.com/gold/@moneyuncensored/more-shady-stuff-with-the-price-of-gold-this-morning
I read that in the news too. That is just SICK. Total fraud and manipulation. There are only a few institutions with that kind of leverage. my guess, one of the big banks. Cheers.
All time highs while there's nothing but weak economic data, store closures and rising unemployment claims. I'm glad I'm diversified in tangible gold silver and lead, that's all I can say.
Wow we sure do think alike @edizzl79 . Thanks for the post my friend.
Amen. An implosion seems inevitable. Thank you for sharing.
Very welcome.
👍😎
Some nice tangible gold...You can never go wrong with that!
I just can only afford his not so popular, but more useful cousin....Silver lol
Me too. Me too. I like Silver. Thanks for the post.
Stocks can go higher because you are only looking at one market. When you take the entire world into consideration the picture changes considerably. The real question you should be asking is not "how high can stocks go?" but "How high can bond prices go?"
How can sovereign debt continue to be well-bid from countries on the verge of default and a banking crisis? And if that imbalance in prices gets any bigger what happens when smart investors look to park billions of dollars?
Suddenly AAPL doesn't look expensive. It's all about relative value in the end. And we are at the very beginning of a great rotation out of sovereign debt and into stocks (and gold and silver and cryptos).
Thanks for the insightful post. I am learning a lot here in Steemland. I am ready for "this" rotation into silver for sure. cheers.
It can go to enormous numbers like a 100k plus. A lot may depend upon the dollar value. I wrote some posts on this but there will be a crash. It may not happen on the same format as previous ones. Complex stuff but the market has nothing to do with economy. It is a political tool.
Thanks for the insights. I can see all of this as a "political tool". Nice choice of words. Have a great day @nedspeaks .