Greed In Charge of Markets as Dow Charges Through 23'000.
In this report I cover the early market action from London on Wednesday, October18th, 2017. I also talk about the difference between speculation, investing and saving.
In this report I cover the early market action from London on Wednesday, October18th, 2017. I also talk about the difference between speculation, investing and saving.
Thanks @maneco64. I agree the valuation of the market is so high that does not make sense. But then it looks like bubbles in most markets so this is a tough call where to invest. May be diversify small amount to crypto is an insurance bet?
Upvoted and resteemed @maneco64 the Dow Jones in my opinion has reached dangerous levels and is over due a major correction thanks for keeping us informed and up to date as you always do im a true fan of your work keep up the excellent work as you always do.
The stock markets will not fall to any notable degree until the central banks stop buying stocks. Until then we print to infinity. Eventually the cabal will be ready with the shift to the east and the west will get "phoenixed". Then you can interview Bo Polny again so he can claim to have picked the top. I agree with the gold and silver precautions. While I have some crypto it is speculative and at the mercy of the four winds.
While I agree that the markets are on an overly-extended bull run, they will probably continue. Why?
Because every firm has notes about how top-heavy the market is. Its becoming the biggest crowded (anticipated) trade on the street.
It doesn't work that way, having every analyst predict doom and then the market peaks. It will blast through their upper estimates until every last one starts to capitulate.
Only the real unknowns can sink it, in my opinion.
For more perspective on how retail gets fleeced, I'd look at this video by Anton Kreil - a former prop trader at Goldman - he's spot-on about a lot and its worth the time to view.