12-21-2018, 08:32 PM
(12-21-2018, 08:05 PM)Eric the Green Wrote: I have been predicting a recession would start in late Oct-Nov.2018. The stock market began going down in late Oct. And now there's a virtual crash.
https://www.huffingtonpost.com/entry/dow...7e907af14e
"Ahead of a looming government shutdown, the Dow-Jones Industrial Average experienced its worst week since the 2008 global financial crisis as stocks continued to plummet on Friday.
The Dow ― which indicates the value of Apple, Microsoft and more than two dozen other companies ― dropped 6.8 percent by week’s end, marking the index’s biggest percentage drop since the height of the financial crash in October 2008.
The Dow wasn’t the only index that took a hit this week as President Donald Trump squabbled with Congress over securing funding for his long-promised border wall. The S&P 500 dropped 7 percent and the Nasdaq dropped 8.3.
Those major indexes are now 16 to 26 percent below the peaks they reached over the summer and fall. It’s unlikely they will be able to make significant gains in the final days of December, as trading typically slows during the winter holidays.
Aside from the border wall debate triggering shutdown fears, other ongoing factors affecting the market include “tighter U.S. monetary policy, flagging global growth and uncertainty surrounding U.S.-China trade relations,” MarketWatch reported.
Financial experts warn that the U.S. could be heading toward another recession, CNBC reported Friday, as it saw following the 2008 crash."
Can I predict 'em, or what?
Dunno man. I sold a bunch of stocks about 3 months ago because stock prices are too damn high. I also sold another batch about a year ago. It's better to sell before something breaks than after man. There's no magic. If mundane things like PE ratios and debt to equity are off, then a bust is gonna happen sooner or later. Sanity will return when there's a half price off sale.
Stocks are going down because there's too much debt and stocks are priced too high as per fundamentals. The stuff above is fluff, IMHO.
---Value Added