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Politics and Religion

[Stock market meltdown watch] Central banks participate in stock markets
DaveMogal 74 Reviews 2245 reads
posted

Time to get out the popcorn.  

http://www.zerohedge.com/news/2017-01-23/80-central-banks-plan-buy-more-stocks

http://www.zerohedge.com/news/2016-11-08/were-all-hedge-funds-now-central-banks-become-worlds-biggest-stock-speculators

http://www.zerohedge.com/news/2016-07-16/global-central-banks-are-collective-suicide-mission

http://www.reuters.com/article/swiss-snb-stocks-idUSL8N1B7383

http://www.zerohedge.com/news/2014-06-15/cluster-central-banks-have-secretly-invested-29-trillion-market

http://www.zerohedge.com/news/2014-08-30/its-settled-central-banks-trade-sp500-futures

Stocks are over valued:

http://www.barrons.com/articles/stocks-are-overvalued-1488842822?mod=BOL_hp_highlight_2

http://www.bloomberg.com/view/articles/2017-03-03/what-to-make-of-these-twice-in-history-s-p-500-valuations
Related Link: http://www.zerohedge.com/news/2017-01-23/80-central-banks-plan-buy-more-stocks

JakeFromStateFarm415 reads

because I agree with you.  If you take the 18xP/E of the markets with the fact that Trump's business-friendly plans are being sabotaged by, well, Trump, I'd say the markets are ripe for a major correction.  I am trimming the equities from my portfolio right now.  Taking some profits and going to only 1/3 of my massive wealth in equities.  In a few months I may dial it back to 25%.

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2465305458 reads

Don't let your guard down Jake. His next move will be to lure you to a public location and BAM. Next thing you know it's crawling with undercover police cars.

Posted By: JakeFromStateFarm
because I agree with you.  If you take the 18xP/E of the markets with the fact that Trump's business-friendly plans are being sabotaged by, well, Trump, I'd say the markets are ripe for a major correction.  I am trimming the equities from my portfolio right now.  Taking some profits and going to only 1/3 of my massive wealth in equities.  In a few months I may dial it back to 25%.

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JakeFromStateFarm466 reads

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DaveMogal620 reads

This was an enlightening article. Maybe it is the wealth effect that causes guys to want to spend more the hobby thus take make trading bubble risks to pay for the hobby. I don't know about you but feel like it was 2007/2008 happy days before the 2008/2009 bear market.  
http://www.dailymail.co.uk/sciencetech/article-4273282/Market-bubbles-caused-trader-s-testosterone-levels.html

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TwoMints323 reads

Bobby Axe's fault.

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Luv-Kit2343 reads

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Mr.M.Johnson308 reads

I'm 97% in equities - the vast majority of which are tech stocks.

However, I'm watching in real time Trump's trade policies and (somewhat) this fucking ban.  If he succeeds in limiting or stopping H1B's, not good, BAD

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GaGambler404 reads

at the risk of agreeing with Chicken Little. I'd be sitting with my finger poised over the sell button as the market is being fueled by the emotion of optimism and that optimism could change with a single tweet from the Tweeter in Charge. lol

BTW, I don't think I ever said this in our private conversations, but I agree that stopping or even limiting H1B visas is a horrible idea. Trump even said when campaigning that Mexico et al was not "sending their best or their brightest" the H1B visas accomplish exactly that. We may have plenty of lettuce pickers, but we most certainly do not have an excess of the highly skilled workers we get through H1B.

See, we don't disagree on everything.

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Mr.M.Johnson356 reads

Well, Gambler, there's hope for you after all!  I was all set to give up on you and your neocon views etc.  
The challenge is Trump.
(A) you can't trust what he says - I've come to believe the opposite of what he says actually.  
(B) when Trump does try and do what he says, he'll often times runs into a brick wall, aka Republican Congress.  Impossible to guess what'll happen w/budget, trade policies etc.  It's like guessing who will win this years Kentucky Derby

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DaveMogal419 reads

I was 91% in equities last week.  Only 25 % now.  I have had a good run since march of 2009.

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GaGambler494 reads

Since you tend to shop at the bottom of the barrel I bet by cashing out 66% of your net worth, you are now most likely able to afford TWO $200 hookers. Congratulations, you are an inspiration to all of us.

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DaveMogal440 reads

Its in a multiple of 6 figures.

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2465305561 reads

He doesn't shop at all. Look at his review history. He'd be better off reviewing the local police departments he works with to rat out other mongers.

Posted By: GaGambler
Since you tend to shop at the bottom of the barrel I bet by cashing out 66% of your net worth, you are now most likely able to afford TWO $200 hookers. Congratulations, you are an inspiration to all of us.

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Mr.M.Johnson441 reads

What worries me more than high P/E ratios are THAAD, N.Korea, Russia etc. and Trump knowing the nuclear codes.

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DaveMogal466 reads

It was hard for me to pull the trigger last Friday. But I had to do it. I learned my lesson from 2000-2003 bear market. It did not go down as much as 2008-2009 but was far worst for buy and hold type investing. It took me 1.5 years to recover from 2008-2009. But money put in the market before 2000 that money did not recover until late 2012. This coming bear could be a long cycle bear market.

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Mr.M.Johnson335 reads

Wars means jobs need more military people, wars means jobs for manufacturing companies - gotta make the weapons.  Wars means jobs for healthcare people - gotta take care of the vets.

There might be bright side to Trump after all! - I might make more $$ in the stock market!

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