Friday, October 10, 2008

Another chap who’s been predicting this for years.

Massive Gains Wiped Out in Markets Despite Everyone Being Warned

(includes interesting analysis of commodities markets, that I confess to not fully understand) "Indeed, the party is over. You have all watched in horror as five years worth of stock market gains have been vaporized since the peak on October 9, 2007, almost exactly one year ago, when the Dow closed at a bogus 14,164.53. All the gains for the past 8 plus years have been illusory, and the losses suffered over the past year are the direct outcome of an economy that has been based on nothing but smoke and mirrors ever since the dot.com collapse in 2000. - The bailout was a stealth bailout of the Federal Reserve Bank itself, which was almost bankrupt. - AIG could potentially take down the entire European banking sector due to swaps it had insured on European banks.

Posted by planning4acrash @ 11:34 PM (622 views)
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2 thoughts on “Another chap who’s been predicting this for years.

  • Yes 40% off in the space of a year is alot.

    Tell me I’m wrong though, in the Great Depression the Dow lost 90% ish of its value over 2-3 years.

    Although the stock market predicts things ahead as such IMO it’s been very slow with this one. I’ve been thinking the FTSE was way too high for some time.

    Given that most people haven’t started actually defaulting on mortgages yet what could be ahead ?

    I could be way wrong but if one had a range of say 15 good stocks they wanted to buy and hold for the long term say 15-20 years which is my situation.

    Then I am looking to start buying if the FTSE drops below 3000 and then buy on dips over the following year to 18 months.

    That’s my strategy for buying through the low for my long term pension portfolio for what it’s worth.

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