Stock Market

[ClydeR]

We have a stock market that, frankly, has been good to me, but I still hate to see what’s happening. We have a stock market that is so bloated.

Be careful of a bubble because what you’ve seen in the past might be small potatoes compared to what happens. So be very, very careful.

More... (http://time.com/3923128/donald-trump-announcement-speech/)

That's from Donald Trump's presidential announcement speech on June 16, 2015. I hope you listened to him. I remembered that line because it seemed like such an odd thing to say in a presidential announcement speech.

[Shaps]

Nah, it's blatant.

You can't have 30% of the available work force in a nation, not working.. as debt accumulates.. and hope to survive.

People will say I'm crazy.. but it's just not mathematically possible.

[~Rocktar~]

Nah, it's blatant.

You can't have 30% of the available work force in a nation, not working.. as debt accumulates.. and hope to survive.

People will say I'm crazy.. but it's just not mathematically possible.

Not for a nation who's primary GDP is not from mineral or other resource extraction/exploitation. And even then only as long as the resource or demand for the resource remains.

[Shaps]

Not for a nation who's primary GDP is not from mineral or other resource extraction/exploitation. And even then only as long as the resource or demand for the resource remains.

Good point. So lets suck all the oil out of Saudi and Qatar, and watch them implode.

[Latrinsorm]

Nah, it's blatant. You can't have 30% of the available work force in a nation, not working.. as debt accumulates.. and hope to survive. People will say I'm crazy.. but it's just not mathematically possible.I am a mathematical person. Show me.

[~Rocktar~]

Good point. So lets suck all the oil out of Saudi and Qatar, and watch them implode.

Have you ever wondered why we haven't exploited our local oil and why Alaska is pretty untapped? National energy policy isn't a short term game.

[Androidpk]

I am a mathematical person. Show me.

Good luck trying to get him to show any data/numbers.

[Candor]

The market was due for a correction, and certainly China didn't help matters. I suggest watching for a partial recovery in the week ahead after the disaster that will occur on Monday.

[Candor]

Monday was a wild ride, but as I write this post the DOW futures are up 443 points.

[Larkan]

Monday was a wild ride, but as I write this post the DOW futures are up 443 points.

Yep, pretty unpleasant day... MSCI World down 3.72%

[Androidpk]

Don't count on it being over just yet. China is set to pop big time.

[ClydeR]

Warren Buffett writing in the 1997 letter to Berkshire Hathaway shareholders..


How We Think About Market Fluctuations

A short quiz: If you plan to eat hamburgers throughout your life and are not a cattle producer, should you wish for higher or lower prices for beef? Likewise, if you are going to buy a car from time to time but are not an auto manufacturer, should you prefer higher or lower car prices? These questions, of course, answer themselves.

But now for the final exam: If you expect to be a net saver during the next five years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. In effect, they rejoice because prices have risen for the "hamburgers" they will soon be buying. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

More... (http://www.berkshirehathaway.com/letters/1997.html)

[ClydeR]

After correctly predicting that this would happen, Donald Trump has been away from New York on the campaign trail. To restore calm to the markets, he should return to New York and make an appearance at the stock exchange.

[Silvean]

I "rejoice" when I see the expected 7% return on my portfolio by the end of the year.

[ClydeR]

I don't usually do this sort of thing, mainly because I do not particularly like any of you. Today, though, I'm in a generous mood. If you're thinking about what to buy people for Christmas, then I suggest silver! Not jewelry. I mean bullion. It's so cheap right now they're practically giving it away. Don't delay. You can find some nice things at Provident (http://www.providentmetals.com/), JM Bullion (http://www.jmbullion.com/), APMEX (http://www.apmex.com/), Scottsdale (https://www.scottsdalesilver.com), Silvertowne (http://www.silvertowne.com/), Canadian Mint (http://www.mint.ca) or US Mint (http://www.usmint.gov/).

I like the 5 and 10 oz. "Prospector" bars from Provident, and I like American Silver Eagles. I also like the silver nuggets from Scottsdale, but they're too expensive per ounce. Just remember that the fancier the item you buy, the further removed its price will be from the spot price of the metal. Newly minted government normally coins cost more per ounce than "rounds" created by a bullion seller, and fancy Christmas items from Silvertowne or the Canadian Mint cost even more. The new silver owl coin from the Canadian Mint is sure pretty, and the exchange rate with Canada is good, but it would be harder to sell at a fair price than an American Silver Eagle.

In a few years, the gift recipient should be able to sell it for more than you paid. It might be a good gift for a child, if the child has the right temperament.

For speculation purposes, you could just buy SLV (https://www.google.com/finance?q=slv), which closed at $13.56 today. You won't have to mess with shipping or storing. Most commodities, including precious metals, are depressed, but silver is really depressed, which is good news for you!

[Latrinsorm]

Proof I'm not ClydeR. I particularly like all (most) [some] of you!

[Androidpk]

Proof I'm not ClydeR. I particularly like all (most) [some] of you!

Sorry, your sample size isn't large enough to rule you out as Clyde.

[Latrinsorm]

My tumblr begs to differ.

[ClydeR]

For speculation purposes, you could just buy SLV (https://www.google.com/finance?q=slv), which closed at $13.56 today. You won't have to mess with shipping or storing. Most commodities, including precious metals, are depressed, but silver is really depressed, which is good news for you!

Remember that time I said to buy SLV when it was at $13.56, the only investment advice I've ever given in this forum? If you do, then congratulations for having the wisdom to follow my advice, and I hope you enjoy your well deserved large profits. Now that it's reached $16.60 in just 10 months, do you think it's a sell or a hold? I'm going to hold and see what it does, but if you're risk averse, then this might be a good time to lock in your gains.