Here's to the Next Market Crash Predictions
"All of the above merits mention given the amazing frequency with which market and economic pundits publish articles predicting the next "crisis" and "crash." Readers know the titles well. Perusing some of recent vintage one can find "There's a new mortgage crisis brewing" (Richard Bove), "History Says There's a Crash A-Comin" (Robert Brokamp) "Please Be Warned: Even Greenspan Thinks a Crash Is Coming" (Mac Slavo), and just today "Stock-Market Crash of 2016: The Countdown Begins" (Paul Farrell). The individuals predicting "crisis" and "crash" in their columns, and the names previously mentioned are but a small number of the countless pundits who do, deserve the mocking scorn of readers."
MarketMinder's View: Here is an excellent discussion of markets’ ability to discount widely known information, with special attention paid to pundits’ common practice of forecasting bear markets or crises based on factors most of the world is well aware of today. "Crashes are once again the result of new information entering the marketplace, not what you, me, and the pundits already know." We’d suggest keeping the points raised here in mind next time a spooky headline catches your eye.
MarketMinder's View: Here is an excellent discussion of markets’ ability to discount widely known information, with special attention paid to pundits’ common practice of forecasting bear markets or crises based on factors most of the world is well aware of today. "Crashes are once again the result of new information entering the marketplace, not what you, me, and the pundits already know." We’d suggest keeping the points raised here in mind next time a spooky headline catches your eye.
Here's a link from my home page, which I Have seen...
https://www.youtube.com/watch?v=7qIhDdST...
You might have some agreement with its assertions, although I don't recall it explaining the reason for the imperative of hard backing of currency. It does vilify government debt, though.
:)
If I remember correctly, you were one of the people who used Wikipedia's site to find info on him. Rest assured, that site was written by those who have a vested interest in the Federal Reserve - which is his (and savers') enemy.
No, seriously... why are precious metals (or whatever) THE Foundation of 'good money'?
Thanks!
"It will crash, no one knows when" ---> Sell off, markets drop---> "are we at the bottom?" ---> bullish buying spree until, concern for another crash.
Self-fulfilling prophecy's reign.