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How do I know when its 1999-2000?
- Thread starter eagle488
- Start date
Quote from eagle488:
Its funny you said that. I was listening to Bloomberg radio in my car and a commercial comes on for some type of loan company where you can take out loans using the equity in your portfolio.
This is something new to me. I watch CNBC and listen to Bloomberg all the time. I also go through the financial websites daily. I have never seen this type of loan before in my lifetime. Maybe it was offered by someone before, but I have not seen it on any major news sites or channels.
The commercial was alarming and I was thinking would the type of person who listens to Bloomberg take out this type of equity loan. I mean, Bloomberg radio is this smoky boring old fashioned type stock market broadcast. Would someone who listens to this station actually go out and take a loan out on their portfolio?
Another question to ask ourselves is if someone was sophisticated enough to build a portfolio, why would they fall for this portfolio equity scam?
Take out a loan to service your debt, even better take out a loan to buy more stock on top of your all ready leveraged trading account, only in america.
Quote from Algorithm:
O.P.
When companies that have no legit business model flood the markets in IPO's and companies that pay good, solid dividends can't go up even when they raise them. When your next door neighbor wants to talk stocks with you whenever he sees you. When you go into a doctor's office and the nurse is daytrading at her station in between patients.
This latest run is nothing, I repeat nothing like "The Bubble". The fact that every other post on ET is absolute bearish, short sentiment only proves to me that this market has more upside than downside. The fact that dividends are taxed lower than ever and those companies that are paying them ACTUALLY have cash to reward their shareholders with speaks VOLUMES! Valuations are lower than historic averages and balance sheets are stronger than ever. Why invest in Enron when Altria is stroking highs. Why speculate on the Internet with crap when Google is ruling the zone and just printing cash?
I've said this before and I'll say it again, you can't have a correction when you have nothing to correct off of. Terrorist attacks and natural disasters have depleted this market of any pent up volatility. All those that were going to panic and sell did so long ago, leaving professionals to fight for each others bankrolls.
The pullback in the housing markets will bring the idiots back that are flush with cash. You should have been buying all this year after the spring pullback and now starting to sell those positions to those that are buying more near the top than the bottom.
Looks like many have more to learn. This market isn't "expensive" nor hyper-inflated. You will know when that occurs when every post here on ET is bragging about how their making a killing on the long side.
What do you think of the current inverted yield curve?
When the credit stops flowing and the assets stop rising the debt will still remain.