Quote:
Originally Posted by Juicy D. Links
(Post 16162302)
When do you see the market tanking?
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I know as much as the next guy, what I do know is that many people invest in the market because it sounds cool, I know many wealthy guys none made their money buying stocks as a private person (they only lost), yeah some people make a buck here and there kinda like vegas but at the end its a loss.
Now yes there are billionaire fund managers etc but dont think they base their stuff off basic research these guys have teams of PI's and other crap and they invest big lose big and win big.
Avg guy with 50,000 to invest even if the market goes up what are the chances all the stuff he purchased will go up? and if they do how much did they go up? and if they tank he will lose tons of cash.
Invest money you are perfectly ok with losing and only if you can stand to hold on to it a long time.
So the gov took actions and things are getting better, for example giving people money to buy new cars, ok great, what happens a year from now to the automakers? another bailout? another injection of cash for people to buy cars?
Home loans are in shambles, recent research shows that by 2011 about 50% of homeowners will be backed up on their home loan, you dont think that will fuck shit up?
http://www.housingwire.com/2009/08/0...water-in-2011/
Right now its about 20%
Unemployment because its summer is doing a bit better but again do you think we will be back to say 5.5% a year from now?
I mean look at real numbers.
Now is it possible this rally will continue a bit more, hell yeah, but what are the chances you will be able to pull out when it starts tanking.
Those are the things sane people would look at before joining the herd and start throwing money in the market.