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The other thread has turned into the usual mindless political hack garbage. This thread is to discuss the stock market crash without blaming everything on Republicans or Democrats by people who barely know the difference between a stock and livestock.
The UK has fallen 12% in 5 days. Switzerland has fallen 17% in 2 weeks.
IMO, the looming government spending cuts are contributing to world wide panic.
The other thread has turned into the usual mindless political hack garbage. This thread is to discuss the stock market crash without blaming everything on Republicans or Democrats by people who barely know the difference between a stock and livestock.
The UK has fallen 12% in 5 days. Switzerland has fallen 17% in 2 weeks.
Long term treasuries are up. It looks to me that, despite the stock market predicting a near term recession, investors still think the economy will be strong in the long term, and they actually think the US will still come out on top.
That is to be expected.The Saudi Arabian stock market was open today and was down more than 5%.
The other thread has turned into the usual mindless political hack garbage. This thread is to discuss the stock market crash without blaming everything on Republicans or Democrats by people who barely know the difference between a stock and livestock.
The UK has fallen 12% in 5 days. Switzerland has fallen 17% in 2 weeks.
Long term treasuries are up. It looks to me that, despite the stock market predicting a near term recession, investors still think the economy will be strong in the long term, and they actually think the US will still come out on top.
You may be right but investors buy Treasuries in a Pavlovian manner when they think the economy is slowing or there is financial stress.
I manage my own accounts but other than gold mines I avoid stocks and instead spend my money waiting for the next crash or bubble in the indices.do yall manage your own stocks?
do yall manage your own stocks?
People that make their living off of investing act like trained dogs?
They are not buying short term bonds, which is why I think they are betting long term.
People that make their living off of investing act like trained dogs?
Yes.
Even Graham emphasized the importance of doing everything systematically if for no other reason than to your identify errors. It is extremely dangerous not to invest like a trained dog because your emotional responses will betray you.
They are not buying short term bonds, which is why I think they are betting long term.
They are buying short term government bonds. They are also buying long term government bonds. Maybe they won't soon, I don't know.
Panic buying of gold and gold mining stocks are starting to be seen and a return to specie in some countries is a wild card that cannot be quantified but that is being dismissed without sufficient cause.
I bolded your fallacy. You don't think there are enough people who can't do their own research or math that you can ignore their effects do you? Ignorance and innumeracy is surprisingly widespread and among those who are neither you have to subtract out the easily swayed.Panic buying of gold and gold mining stocks are starting to be seen and a return to specie in some countries is a wild card that cannot be quantified but that is being dismissed without sufficient cause.
Gold is not panic driven. It is driven by fundamentals. $115 Trillion in US unfunded liabilities is assurance that the US Dollar & Bonds will continue to decline in value. People who know the facts or do the math do not dismiss Gold without sufficient cause.
Panic buying of gold and gold mining stocks are starting to be seen and a return to specie in some countries is a wild card that cannot be quantified but that is being dismissed without sufficient cause.
Gold is not panic driven. It is driven by fundamentals. $115 Trillion in US unfunded liabilities is assurance that the US Dollar & Bonds will continue to decline in value. People who know the facts or do the math do not dismiss Gold without sufficient cause.
Panic buying of gold and gold mining stocks are starting to be seen and a return to specie in some countries is a wild card that cannot be quantified but that is being dismissed without sufficient cause.
Gold is not panic driven. It is driven by fundamentals. $115 Trillion in US unfunded liabilities is assurance that the US Dollar & Bonds will continue to decline in value. People who know the facts or do the math do not dismiss Gold without sufficient cause.
There is some panic buying of gold. I don't like being exposed when there is panic buying because fear can turn on a dime, and thus so can gold prices. I like it when gold is going up because fiat currencies are being debased. That is a long-term trend that is easier to navigate. Fear is a short-term trend that is difficult to navigate. I am expecting a break in gold some time over the next few weeks as the panic subsides.
"If you add up all the promises that have been made for spending obligations, including defense expenditures, and you subtract all the taxes that we expect to collect, the difference is $211 trillion. That's the fiscal gap," he says. "That's our true indebtedness."
