What happens when you get predictions like this, how does the average investor read into that, I would think they would be worried to the point that they would actually want to pull out their entire savings from the market and stick it in a bank earings around 1-2%. I think selling will increase as the average investor probably thinks the worse is not over. The dow could break 11k, maybe even 10k.
Barclay's bank says "head for the hills"
- Thread starter NY_HOOD
- Start date
Quote from Cutten:
Put Jim Rogers in charge of the Fed and hike rates to 7%
And buy airline stocks instead of subprime with TAF facilities...
[after all, he needs a recovery. He's been so wrong on airlines I'd have to imagine its wiped out all of his past China gains.]
I'm a RIA (performance based), and can tell you that the people I have been introduced to by current Clients aren't very happy with the markets and economy. They're saying things like:
"I know my money won't keep pace with inflation. I don't care. I pulled out all stocks last month, week, etc.," (at the bottom, of course)
"Investing?!?!? Are you shitting me? This economy is going to go under. I'm not even thinking about investing until Bush is out of office" OR, when things get better." (Yes, that means they miss the run back up.)
"I'll never buy another stock again! All I want are CD's.":eek: (That one always amazes me.)
"I know I'm 55. I don't care about the running out of money thing you pointed out to me. I'm not investing! Period!"
(Yes, they let the financial pornographers-CNBC, NBC, CBS, ABC, etc., spook them out of ever wanting to make an intelligent choice with their money. Hence, running out in thier late 60's-early 70's. Sad...
)With people (not you guys) being dumber than I could have ever perceived in 2008, I wonder what the future holds...
Not just financially, but in every aspect. It seems common sense is very un-popular these days, and not getting any better.* The Fed trying to cover the banks asses by pausing when tightening was/IS necessary while inflation shifts into 6th gear at 150mph.
* An Obama President?????:eek: I don't even want to get started. I shudder at the thought.
* Congress and the House? Again, udder idiots that the media can hand pick as their favorite, and people actually FALL FOR IT by voting for the losers!?!?:eek:
Since George Carlin passed away, I watched a few clips of his ranting about politics, and dumb americans only to realize he was not only funny, but right.
What is this dogshit from a bunch of losers? Barclays Capital have got their strategy wrong so often in the recent past and this is no exception. They don't see disaster when its coming straight at them but they do see it coming when its already gone by them and its over.
Barclays Capital mo-fos have zero cerdibiliity not the Fed. To the contrary the Fed has done well. Inflation shock is not coming because there is no longer a housing bubble financing excess spending demand.
Summary of Barclays Capital: ZERO credibility in their strategic musings.
The Joe Blogs comments actually may be correct, remember saving vs. investing use to be the primary method of building wealth in the past and is still the case in many foreign countries. CASH IS KING.
Long term (7-10 years), equities always outpace bonds and cash.
Quote from Landis82:
Very true.
And with the BIGGEST BULL in America now giving-up on the U.S. stockmarket
( Larry Kudlow ) yesterday, it really gives one something to ponder . . .
I didn't know Kudlow threw in the towel yesterday. I didn't get to watch. My Wife decided to hide the remote, as I'm long the markets in my Client's Portfolios, and may have been tempted to watch CNBC (as much as I dislike their reporting), and become grumpier.
In a Client's 2.8mm all equity (tactical asset allocation) Portfolio, I was down less than 1.5% yesterday, but that's still over 40m in loss, which is tough, but we'll recover. Today, I finished up a few grand in that account. (energy and materials holdings... With special thanks to ACN in the Services Sector and MUR in Basic Materials!)
Poor Uncle Larry. I bet he's pondering over a "powdery refreshment" to blow off steam over Goldilocks getting her panty covered a** spanked this week.
