All true, but the current valuations are a little nerve-wracking. The markets seem due for a correction or a period of price stagnation. Yet, we may never get the pain that we deserve. It think the bankers have figured out how to rig this thing in a sustainable way.
Well, until such time as the reckoning comes. In any case, I'm saving a chunk of cash and looking for buying opportunities disguised as bad news.
Own some silver, it will jump drastically as the markets free fall and it will allow you to have more buying power for those opportunities.
I have a crapton of silver. I wish the price would break out of it's range so I could buy or sell. And dealers have their premiums too high, too.
I have a great working relationship with a local dealer and get silver rounds at a great price. Naturally it's above "spot" but that only makes sense as that is a bulk price. Also find it at garage & estate sales for under spot all the time. Another way to pick it up cheap is to be the "dealer" and run ads for buying silver. I pay under spot and get large amounts this way.
Think I just found a blog post topic...lol
Good Idea ! Another good way to make money would be be to short sell with ETF's !!
Hard to time, though.
You will see profit taking and sell offs of securities, but i dont believe drastic drops are in the future. The tax plan is causing current red in the market. Time will tell though lol
I think you're right. Different factors are muting any movement toward a correction or even major slowdown. Muting but not preventing.
When everyone is waiting for correction, it never happens. There is too much money sitting on sidelines waiting for correction. I do not believe you can see more than 10% correction in stock market in near future unless something drastic happens.
Been in the markets since a teenager and trust me when all the talking heads are saying it can't happen because "insert any BS they are spouting" that is exactly when it happens.
Plus there is more political and social tensions now then any point in recent history. There are landmines all over the place and anyone of them can set off a chain of events that will trigger a market crash.
Biggest problem is that if something happens the Central Banks won't have a solution. Until the current QE has been undone (rates normalized and balance sheets of central banks brought back down) they have no bullets left in their chamber to fight off any sort of financial collapse or economic downturn (which would then cause a collapse as P/E's are at insane levels assuming lots of growth).
Add in the massive debt loads of the governments of the world due to the last downturn and the increasing tax burdens the people must face to cover all this spending and corporate bailouts...yes shit will hit the fan.
Pull up a 5-year chart of the S&P and look at what happened mid 2015 to early 2016. That is what corrections look like these days.