samedi 19 août 2017

7-signs-the-stock-market-is-ready-to-run-smack-into-a-wall

Sounds about right but lets be honest, we're due for a huge correction (larger than in 08' due to the staggering amount of CC, student loan and sub-prime auto debt) but nobody knows when it will happen. This go around the U.S. economy is stronger in comparison to the EU, Japan, etc, and a lot of people still believe that Trump and the GOP will pass sweeping tax reform and are banking on that. Nobody knows when the domino that will start the chain-reaction will fall. It could be tomorrow, or it could be in three years.

The fundamentals of being prepared for what is to come are pretty consistent. I'm not ready for the end of the world but I'm fairly confident I'll weather this next storm well and possibly even thrive in it. The only "high risk" investment I have at the moment is crypto currency and that's a long term situation I plan on seeing how it plays out, whether that be a month from now or six years.

Everything else I've either moved into low risk or I'm completely liquid on and ready to buy land/toys. I look forward to used truck prices, side by sides, guns, etc all experiencing at 50% hit in price as people that are over-extended have to downsize. I'll be more than happy to snatch them up at a nice discount.

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7-signs-the-stock-market-is-ready-to-run-smack-into-a-wall

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