posted on Feb, 6 2014 @ 08:37 PM
reply to post by 19KTankCommander
I rest my case. Look at where things are now vs. 2008
We are still much improved from then and then some.
Sell now, I am ready to buy.
(BTW, I have been in the industry over 35 years and happen to know of what I speak).
Please nobody listen to this fool. If you are long in stocks, now is the time to GET OUT. Go to cash if you can. If you have to be in the market get
into commodities or go short with Contra ETFs or something. Being long right now makes absolutely no sense except to those who want to make money off
you. Most won't even tell you that you can make money when the market or a stock loses value. They just call you and sell you whatever their boss
tells them too. I'll bet you dollars to donuts, Mr. 35 Years up there is a broker. He wants folks to stay in, keep the game going so he can make more
off you. Brokers only get paid when you invest. Unplug if you can, go short if you can't. That is what I'd be doing right now. That is not financial
advice, just my own observations and what I'd be doing if I were still in. I got out right before the 2008 crash, luckily for me, but I watched all
those around me lose pretty much half their wealth. Some of you lost a bunch too I'm sure.
Think about it, how long can this BULL(S***) market last? The wheels are already starting to come off. We have lost a thousand points give or take in
the last month. That should tell you something. In the last year the DOW has gained give or take 2600 points and we lost 1000 of them in a month.
Again, does that scream safe and secure to you? Not so much to me.
With the Market at historic all-time highs and real unemployment (not the BS they shill on the news) at an all-time high you'd have to be crazy to
think that these two elements can co-exist in a healthy market. The market, regularly loses hundreds of points in a day and nobody even blinks. The
market is completely rigged by High Frequency Trading software that gets its information seconds and in some cases minutes before you do. And that's
if you pay for your own feed. If you rely on websites like MarketWatch, Big Charts or Yahoo finance or whatever for your quotes, you are swinging
after the pitch is already in the catchers glove. Individual investors are being sucked dry by the big boys and they keep pumping fake money into the
machine to make it look like everything is all right. Look at the stock valuations for Facebook and Twitter. How? How are these companies that make no
money worth billions and billions of dollars? How can it be? Because its fake. They are propped up with taxpayer dollars so the NSA can get you to pay
for the data they collect on you. Sure there are a few fools who actually invest in SpaceBook and Twit, but on the whole these companies are fully
funded by the elite and their unlimited wealth. (I.E., your tax dollars.) Look at the Bank bailouts, the GM bailout and so forth. How is it that our
market is in the best shape its EVER been when none of these companies have money? Why is HSBC limiting cash withdrawals? If they are financially
sound, it should be business as usual, eh? Not so much. I have been looking at this chart comparison for years and reading financial blogs like
urbansurvival dot com where they discuss what is really happening. Do some research for yourself. Make up your own mind, and please don't take advice
from this guy. He doesn't know what the market will do tomorrow any more than you or I do. If he was really who he says he is he can make money in
any trend. Up, down whatever. If you know the market all you need is a change, bad or good to make money. Why does he so desperately need you to
believe he is right? Why is he not encouraging you to do your own research? Because then he'd be out of a job. Think for yourselves folks. You'd be
surprised how often you are right. That is what my measly 19 years in the industry has taught me. Thank God I'm not a blood-sucking broker.