easy2012 Posted January 26, 2012 Share Posted January 26, 2012 ALBERT EDWARDS ISSUES WARNING: A S&P 500 'KILLER WAVE' Is Forming Read more: http://www.businessinsider.com/killer-wave-formation-sp-500-2011-9#ixzz1Y2RpdDED Only in the financial sector that an employee who has got it wrong for so many times get to keep his job (and perhaps even paid a bonus)... Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 26, 2012 Share Posted January 26, 2012 what has happened to cause this to these people that you know? I didn't ask why but he said they were definitely cutting back on leisure spending. Still spending a lot though. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 26, 2012 Share Posted January 26, 2012 I didn't ask why but he said they were definitely cutting back on leisure spending. Still spending a lot though. my guess about the uber rich is that they keep their wealth, cross-generational, in tax efficient trusts (assuming these are not a myth) in tax efficient tangible assets - permanently the trick is to live off the asset income; in the lean times assets are still assets but nevertheless still pay an income, income is reduced so you live on less as far as I can tell this is the trick that allows wealth to pass thru the generations this is why people who keep all their money in building society deposit books always stay poor Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 26, 2012 Author Share Posted January 26, 2012 my guess about the uber rich is that they keep their wealth, cross-generational, in tax efficient trusts (assuming these are not a myth) in tax efficient tangible assets - permanently the trick is to live off the asset income; in the lean times assets are still assets but nevertheless still pay an income, income is reduced so you live on less as far as I can tell this is the trick that allows wealth to pass thru the generations this is why people who keep all their money in building society deposit books always stay poor Very true. For 90% of the population if you want to break free from your 2 bedroom terrace house/work 9 - 5 for a semi-decent wage till you retire/die the only thing you can do is invest your money and risk losing it. The sheeple are not buying stocks and shares just now as it is "too risky". They will start buying again after years of gains have been missed out and we are near the top of the market. Unfortunately, that will be the time to sell and as usual the sheeple will lose out. Quote Link to comment Share on other sites More sharing options...
Bruce Banner Posted January 26, 2012 Share Posted January 26, 2012 my guess about the uber rich is that they keep their wealth, cross-generational, in tax efficient trusts (assuming these are not a myth) in tax efficient tangible assets - permanently the trick is to live off the asset income; in the lean times assets are still assets but nevertheless still pay an income, income is reduced so you live on less as far as I can tell this is the trick that allows wealth to pass thru the generations this is why people who keep all their money in building society deposit books always stay poor Some old money, some new money, some you've heard of, others you haven't. The only common denominator is wealth. Quote Link to comment Share on other sites More sharing options...
Timak Posted January 26, 2012 Share Posted January 26, 2012 Very true. For 90% of the population if you want to break free from your 2 bedroom terrace house/work 9 - 5 for a semi-decent wage till you retire/die the only thing you can do is invest your money and risk losing it. The sheeple are not buying stocks and shares just now as it is "too risky". They will start buying again after years of gains have been missed out and we are near the top of the market. Unfortunately, that will be the time to sell and as usual the sheeple will lose out. The "sheeple" look at the FTSE 100 sitting at 5700 and think, hang on it was at 6950 about 13 years ago. And they are right. Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 26, 2012 Share Posted January 26, 2012 (edited) The "sheeple" look at the FTSE 100 sitting at 5700 and think, hang on it was at 6950 about 13 years ago. And they are right. that's because they invested exactly 13 years ago, being thick and all that, and are holding cash waiting for the next peak to invest at Edited January 26, 2012 by Si1 Quote Link to comment Share on other sites More sharing options...
Si1 Posted January 26, 2012 Share Posted January 26, 2012 Very true. For 90% of the population if you want to break free from your 2 bedroom terrace house/work 9 - 5 for a semi-decent wage till you retire/die the only thing you can do is invest your money and risk losing it. The sheeple are not buying stocks and shares just now as it is "too risky". They will start buying again after years of gains have been missed out and we are near the top of the market. Unfortunately, that will be the time to sell and as usual the sheeple will lose out. indeed Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 26, 2012 Author Share Posted January 26, 2012 The "sheeple" look at the FTSE 100 sitting at 5700 and think, hang on it was at 6950 about 13 years ago. And they are right. Yes they are right but that is why they won't make any money. To make money in stocks and shares you need to invest when all the news is bad (i.e. nobody wants to invest). Quote Link to comment Share on other sites More sharing options...
19 year mortgage 8itch Posted January 26, 2012 Share Posted January 26, 2012 Ad infinatum. In that case the bull has a long way to go. Contrarian, counter contrarian, counter counter contrarian etc. Most are bearish on stocks making it a good entry point for long term investment. You won't find many bullish commentators out there. Worst crisis in generations and almost everyone is still sitting pretty? By jove we've cracked it. Quote Link to comment Share on other sites More sharing options...
urban_hymn Posted January 26, 2012 Share Posted January 26, 2012 I predict further extreme volatility but remain a believer in the bull market You won't find many bullish commentators out there. If market commentators aren't bullish how can it be a bull market? Who are the bulls? Quote Link to comment Share on other sites More sharing options...
Crash Buyer Posted January 29, 2012 Share Posted January 29, 2012 Very true. For 90% of the population if you want to break free from your 2 bedroom terrace house/work 9 - 5 for a semi-decent wage till you retire/die the only thing you can do is invest your money and risk losing it. The sheeple are not buying stocks and shares just now as it is "too risky". They will start buying again after years of gains have been missed out and we are near the top of the market. Unfortunately, that will be the time to sell and as usual the sheeple will lose out. Social mobility has ground to a halt, so this is exactly correct. The 9-5 is where the corporations provide you with a declining real wage in return for your increasing productivity. I return the favour by spending a significant portion of my time at work reading trading e-books, following the markets in real-time and generally developing my skills and knowledge as a trader. IMO Adam Hamilton is correct - this is a cyclical bull in a secular bear. I think we will probably hit 1400 or so, but as Hamilton warns 1500 is the top of the historical trading range. There's every chance that the 3 year cyclical bull will run out of steam this year. I've been selling into the recent strength and am now looking for short term swing trades only with a mix of longs & shorts. Quote Link to comment Share on other sites More sharing options...
Kurt Barlow Posted January 30, 2012 Share Posted January 30, 2012 Very true. For 90% of the population if you want to break free from your 2 bedroom terrace house/work 9 - 5 for a semi-decent wage till you retire/die the only thing you can do is invest your money and risk losing it. The sheeple are not buying stocks and shares just now as it is "too risky". They will start buying again after years of gains have been missed out and we are near the top of the market. Unfortunately, that will be the time to sell and as usual the sheeple will lose out. Very true. I work in a place where people typically save £30K-£60K a year. When talking about investments Im amazed that most just stick to deposit accounts & premium bonds paying around 2% PA. When I mention shares they look as if I just suggested blowing it in a casino. Then again if you don't know what you are doing. Quote Link to comment Share on other sites More sharing options...
nohpc Posted February 11, 2012 Author Share Posted February 11, 2012 If market commentators aren't bullish how can it be a bull market? Who are the bulls? It's a stealth bull. The bulls are the smart money. Quote Link to comment Share on other sites More sharing options...
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