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Forum » The stock market is on the edge of a cliff - don't say Big Ern' didn't warn you (srs)
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Thread: The stock market is on the edge of a cliff - don't say Big Ern' didn't warn you (srs)

post 1563480071 10-11-2018, 07:46 PM
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#31
  1. TheCaptainA
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During 2008, we were so close to the system falling apart.

This time around I sure it will, and its not going to be pretty. If one war, or global disaster occurs, the whole thing will fall apart like dominoes

worst case, i have a safe deposit box full of silver. its only 14 an ounce

im going 80% cash and 20% metal and wait for the dust to settle.

I have an econ degree, and i am a former financial advisor to HNW investors...so i have some idea of what im talking about...
post 1563480131 10-11-2018, 07:46 PM
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#32
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Originally Posted By PowersKenny⏩
IfOnly idiots keep their money in a market and keep buying no matter what.... listen to what I told you or don't young *******s..ha ha..when your measly $10 k...gets knocked down..then recoup..of course in 40 years it will be higher, but why lose capital that can grow...go back to Robinhood and buy FANG stocks right now I dare you
because market timers have proven to hvae a long track record of success.
Originally Posted By TheCaptainA⏩
During 2008, we were so close to the system falling apart.

This time around I sure it will, and its not going to be pretty. If one war, or global disaster occurs, the whole thing will fall apart like dominoes

worst case, i have a safe deposit box full of silver. its only 14 an ounce

im going 80% cash and 20% metal and wait for the dust to settle.

I have an econ degree, and i am a former financial advisor to HNW investors...so i have some idea of what im talking about...
you were a financial advisor, aka a fancy title for a used card salesman
post 1563480141 10-11-2018, 07:47 PM
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#33
  1. ToPHeR35
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Originally Posted By BloatmaxX⏩
Get a Roth IRA
Invest the Max $5,500 every year
100% in S&P 500 or Total Stock Market
Ignore all market booms and busts
Wait 40 years
This man gets it
post 1563480171 10-11-2018, 07:47 PM
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#34
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Use some technical analysis to show why aapl is over valued
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post 1563480231 10-11-2018, 07:48 PM
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#35
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Originally Posted By SiberianStrike⏩
Bullets are the currency of the future boyo
Literally going to the gun range either this week or next.

In case of national disaster, people go fukn crazy...

like that movie on netflix where the disaster happens and Forest Whitaker and the other guy have to go to seattle...mofos legitimately lost their **** when there was no electricity or cell reception
post 1563480321 10-11-2018, 07:48 PM
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#36
  1. PrimarisIn
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thanks ray dalio

he could it the 7th inning of the game.

the short/long debt cycle is purely created on credit. interest rates will keep slowly but surely rising so its not good at all.


post 1563480341 10-11-2018, 07:49 PM
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#37
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Originally Posted By ToPHeR35⏩
This man gets it
Hes right

When it dips...it dips fast and hard but rebounds slow but stronger
post 1563480351 10-11-2018, 07:49 PM
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#38
  1. ErnieMccracken
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Originally Posted By TheCaptainA⏩
I have an econ degree, and i am a former financial advisor to HNW investors...so i have some idea of what im talking about...
Yeah I work in finance and it's been eerily quiet the past couple days. No one wants to say what everyone is thinking - is this the beginning of the worst fukktangle of our time?
post 1563480451 10-11-2018, 07:50 PM
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#39
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its happening

shorted my 3 mil folio, thanks OP
post 1563480731 10-11-2018, 07:54 PM
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#40
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Market timing doesn’t work.

You guys saying that you’re sitting on the sidelines just holding cash are going to regret that later in life.

Best of luck to all of you.
post 1563480791 10-11-2018, 07:55 PM
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#41
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Originally Posted By ErnieMccracken⏩
Yeah I work in finance and it's been eerily quiet the past couple days. No one wants to say what everyone is thinking - is this the beginning of the worst fukktangle of our time?
Yea something is happening. Prob gonna go buy some pigs and goats just in case. who knows where this economy is gonna go
post 1563480901 10-11-2018, 07:56 PM
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#42
  1. ErnieMccracken
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Originally Posted By SiberianStrike⏩
Bullets are the currency of the future boyo
Ayyyyyy just bought a bunch because prices could double next year. They certainly won't get any lower than they are now.
post 1563481451 10-11-2018, 08:03 PM
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#43
  1. flexnation
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Originally Posted By BloatmaxX⏩
Market timing doesn’t work.

You guys saying that you’re sitting on the sidelines just holding cash are going to regret that later in life.

Best of luck to all of you.
This is true as well. When I say people should hold cash, I dont mean that they shouldn't be maxing out an IRA like you said earlier ITT. No matter what happens. its smarter to max out your IRA first, and then hold the cash. You can absolutely do both and profit big when the crash does come
"If you come at the king, you best not miss"
-Omar Little
post 1563481511 10-11-2018, 08:04 PM
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#44
  1. ErnieMccracken
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This thread sponsored by: (FWIW, he is also predicting a big downtown in the near future)

post 1563481611 10-11-2018, 08:05 PM
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#45
  1. untouchabledfx
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Country is humming along at 4% GDP and the Fed decides to raise the rates. Seems like they want us to fail.
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post 1563481741 10-11-2018, 08:07 PM
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#46
  1. ErnieMccracken
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Originally Posted By untouchabledfx⏩
Country is humming along at 4% GDP and the Fed decides to raise the rates. Seems like they want us to fail.
Now the banks stop loaning money to each other, who then stop loaning money to us plebs, and away we go..
post 1563481911 10-11-2018, 08:10 PM
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#47
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Originally Posted By flexnation⏩
This is true as well. When I say people should hold cash, I dont mean that they shouldn't be maxing out an IRA like you said earlier ITT. No matter what happens. its smarter to max out your IRA first, and then hold the cash. You can absolutely do both and profit big when the crash does come
I agree with you. Nothing wrong with holding some cash if it’s leftover from your primary investments. I was really just referring to people who are sitting out completely.
post 1563482221 10-11-2018, 08:14 PM
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#48
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Well we are currently in the longest bull run in recorded history. So historically speaking we are overdue for a crash.

A lot of the world is already crashing. Look at the emerging markets, look at China, Greece, Turkey, Argentina, Brazil, ect. Look at precious metals. US stocks and the US dollar is the only thing staying strong right now. But as the Fed keeps raising interest rates lets see how long that can last.
post 1563483031 10-11-2018, 08:24 PM
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#49
  1. ErnieMccracken
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Originally Posted By thorpowers⏩
Well we are currently in the longest bull run in recorded history. So historically speaking we are overdue for a crash.

A lot of the world is already crashing. Look at the emerging markets, look at China, Greece, Turkey, Argentina, Brazil, ect. Look at precious metals. US stocks and the US dollar is the only thing staying strong right now. But as the Fed keeps raising interest rates lets see how long that can last.
I give until the political season really kicks off. Once it's clear that democrats are smashing the republicans in the midterms, the bottom will fall out like a prolapsed angus.
post 1563483171 10-11-2018, 08:25 PM
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#50
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Mind bottling, don't you mean mind boggling?


Yeah, I'm good on OP advice.
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post 1563483641 10-11-2018, 08:31 PM
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#51
  1. ErnieMccracken
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Originally Posted By Black03mach⏩
Mind bottling, don't you mean mind boggling?


Yeah, I'm good on OP advice.
No? Do you not understand investements? It's not rocket appliances. Come on.
post 1563483721 10-11-2018, 08:32 PM
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#52
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Originally Posted By SmackedNation⏩
You might be right sonny boy, Gerald Celente has warned us that we're about to dive into massive hyperinflationary doom of ass piss, just like he warned us last year, and the year before that, and the year before that,and the year before that, and the year before that and the year before that x 30 more years. Also, don't forget Jim Rogers and all the other ass pisses of doom and gloom.

Smack city boy, prepare for the smack down that will surely come some time within the next 100 years of smackness
Don't forget the GOATS of doom and gloom Peter Schiff and Marc Faber
post 1563483921 10-11-2018, 08:34 PM
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#53
  1. ErnieMccracken
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Originally Posted By SmackedNation⏩
You might be right sonny boy, Gerald Celente has warned us that we're about to dive into massive hyperinflationary doom of ass piss, just like he warned us last year, and the year before that, and the year before that,and the year before that, and the year before that and the year before that x 30 more years. Also, don't forget Jim Rogers and all the other ass pisses of doom and gloom.

Smack city boy, prepare for the smack down that will surely come some time within the next 100 years of smackness
I've been buy buy buy up until... about this week. The market seems completely disconnected from reality, which to me is a sure sign of the danger zone. I hope we can make it another 2-3 years without a crash, but the chit winds are coming, Randy.
post 1563484301 10-11-2018, 08:38 PM
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#54
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Originally Posted By ErnieMccracken⏩
I give until the political season really kicks off. Once it's clear that democrats are smashing the republicans in the midterms, the bottom will fall out like a prolapsed angus.
Bertstare.jpg
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post 1563484331 10-11-2018, 08:38 PM
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#55
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Peter Schiff? That you?
My ALT is elevated. 75.
post 1563484371 10-11-2018, 08:38 PM
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#56
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Originally Posted By PowersKenny⏩
Iput 100k of my account into SH weeks ago, it basically is an inverse of the S&,P results...thanks for the quick $6k...Bitcoin *******s lick my nuts..SRSgoogle the stock its called proshares SH , ticker SH..looking for another $10 k by end of October...if market goes down you win..if it goes up you lose..not advice but I know what I'm doing..see age..and it's is just a portion of my portfolio...ha..Bitcoin..ha..market always goes up..chumps
You need 100k to make 6k, and you're gunna throw shade at traders who are fuking with high leverage in a volatile low liquidity market....
**MFC**
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post 1563484511 10-11-2018, 08:40 PM
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#57
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OP's right. Even if you don't believe its better to plan for the worst and hope for the best rather than not plan at all
BIG.D1ck.slanging.Mofo.crew
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post 1563484621 10-11-2018, 08:41 PM
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#58
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I named my 70" Tv "big Ern"


Edit: if you're not in the market for the long term then lose your ass or win big or F off.
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post 1563485201 10-11-2018, 08:48 PM
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#59
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Originally Posted By Zere0wn⏩
Peter Schiff? That you?
I stay away from talking heads, but I'm on board

post 1563485591 10-11-2018, 08:54 PM
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#60
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“Mind bottling”
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