Stock of the Day
Out of context: Reply #130
- Started
- Last post
- 630 Responses
- sarahfailin-1
I've been bearish since March and I still feel that way more than ever! 30 year bond yield curve inverted today - a sign of recession. 10-year title curve has been inverted for a while now.
Consumer mortgage debt is the highest it's been since 07, and auto loan and credit card debt are also extraordinarily high. Consumer spending has been good but only because consumers are accumulating debt. The economy has not lifted up the middle class and in fact it's slowly burying them. It can't continue.
The fed has little more ammo to cut rates, and the .25 rate cut last month did nothing to stop bond yields from diving.
Folks around the world are still buying stocks because international bond yields in Japan and Germany are actually negative (crazy!) Because demand for those has been so high. This is called the Tina effect (There Is No Alternative).
The bottom is going to fall out soon and people will pile into US bonds even more as well as gold and silver.
- people has never bought that much stuff ever. this is the new religion, buying to be happy. THX1138Bennn
- So what's the advice for the next 12mnths master?Hayzilla
- things will smoulder until Nov 1st, Brexit will be the firestartershapesalad
- You're referring to physical silver or gold, would you include crypto??robotron3k
- Make sure you hold no stocks, hav all your savings in readily available cash and be ready to snap up all of Buffets buys over the past year at a lovely discountshapesalad
- then hold for 10+ years.shapesalad
- What shape salad saidsarahfailin
- Seconded, what sarahfailin said...keewee
- biggest drop this year for the DOWsarahfailin
- No one knows. If it was that easy, there'd be a lot more super wealthy people. That said, having cash on hand is a good idea.formed
- You can't time a market, but you can buy value.formed