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» The stock market is on the edge of a cliff - don't say Big Ern' didn't warn you (srs)
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post 1563477001 10-11-2018, 07:06 PM
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#1
  1. ErnieMccracken
  1. ErnieMccracken
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The stock market is on the edge of a cliff - don't say Big Ern' didn't warn you (srs)

The stock market will crash within the next 12 months and I'm betting my entire financial future on it. Baby boomers are broke, millenials are broke, student loan debt is beyond obscene, healthcare industry is a complete disaster, social security age will have to be raised to 190 years old, starter homes are $800k in cities where the household income is $55k, and so on. Almost every single economist worth a chit is predicting a giant black cloud in <36 months.

Most of the tech sector is crazily overbought. Apple, snatch-chat, ********, AMD, Netflix, etc. ALL overpriced. Short those fukkers all the way into the ground. 5 years from now, we're going to wonder how an electric car company run by an autistic cult leader hit $64 billion in market cap. It's absolutely mind bottling. $50/share is coming. As soon as things start looking bad, all that sheep money is going to panic like it's 1929 and ol' Musky is probably going to be a ***** toilet just to keep his company afloat.

I think things will go sideways for a little while, but as soon as it becomes clear that it's finally starting to turn sour, look out.

- Get the fukk out of the stock market
- Don't buy property right now
- Don't buy that $50k car or whatever your vice is
- Start looking for opportunities that thrive in a recession (e.g. inferior goods)

You need to start peppering that angus now. This upcoming recession is going to make the 2008 recession seem like nothing. Remember though, most people get fukked in a recession - but those who recognize what's going on get rich.



Cliffs:

post 1563477071 10-11-2018, 07:08 PM
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#2
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
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Dont care, still buying. Bye
post 1563477151 10-11-2018, 07:10 PM
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#3
  1. tripod29
  1. tripod29
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Massive if accurate.











But it’s not, buy boys!!!
post 1563477211 10-11-2018, 07:10 PM
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#4
  1. IronKrazy
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  1. IronKrazy
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Originally Posted By ErnieMccracken
The stock market will crash within the next 12 months and I'm betting my entire financial future on it. Baby boomers are broke, millenials are broke, student loan debt is beyond obscene, healthcare industry is a complete disaster, social security age will have to be raised to 190 years old, starter homes are $800k in cities where the household income is $55k, and so on. Almost every single economist worth a chit is predicting a giant black cloud in <36 months.

Most of the tech sector is crazily overbought. Apple, snatch-chat, ********, AMD, Netflix, etc. ALL overpriced. Short those fukkers all the way into the ground. 5 years from now, we're going to wonder how an electric car company run by an autistic cult leader hit $64 billion in market cap. It's absolutely mind bottling. $50/share is coming. As soon as things start looking bad, all that sheep money is going to panic like it's 1929 and ol' Musky is probably going to be a ***** toilet just to keep his company afloat.

I think things will go sideways for a little while, but as soon as it becomes clear that it's finally starting to turn sour, look out.

- Get the fukk out of the stock market
- Don't buy property right now
- Don't buy that $50k car or whatever your vice is
- Start looking for opportunities that thrive in a recession (e.g. inferior goods)

You need to start peppering that angus now. This upcoming recession is going to make the 2008 recession seem like nothing. Remember though, most people get fukked in a recession - but those who recognize what's going on get rich.



Cliffs:

Ok.
post 1563477441 10-11-2018, 07:13 PM
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#5
  1. A-man
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Shhh everyone let this noobie investor get scared. Hopefully he will cause others to sell and bring down prices more so the smart money can take advantage.

Your right OP the sky is falling.
post 1563477491 10-11-2018, 07:13 PM
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#6
  1. ErnieMccracken
  1. ErnieMccracken
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Originally Posted By HMFIC_BROWSIN
Dont care, still buying. Bye
Someone has to be left holding the bag!
post 1563477551 10-11-2018, 07:14 PM
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#7
  1. BloatmaxX
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  1. BloatmaxX
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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
post 1563477901 10-11-2018, 07:18 PM
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#8
  1. ErnieMccracken
  1. ErnieMccracken
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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
40 years ago, sure. The problem is that the banks want that money now. They've made that very clear and they've spent billions on politicians over the past decade. Do you think they're just going to let you keep it? Or rather, do you think there's any way you can stop them from taking it? The game is rigged against the private investor.
post 1563478081 10-11-2018, 07:21 PM
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#9
  1. BloatmaxX
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  1. BloatmaxX
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Originally Posted By ErnieMccracken
40 years ago, sure. The problem is that the banks want that money now. They've made that very clear and they've spent billions on politicians over the past decade. Do you think they're just going to let you keep it? Or rather, do you think there's any way you can stop them from taking it? The game is rigged against the private investor.
lol I hope you’re trolling
post 1563478121 10-11-2018, 07:22 PM
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#10
  1. PowersKenny
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I put 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..SRS google 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
post 1563478231 10-11-2018, 07:23 PM
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#11
  1. ErnieMccracken
  1. ErnieMccracken
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Originally Posted By BloatmaxX
lol I hope you’re trolling
95% of retail trading accounts lose money. Why do you think that is?
post 1563478261 10-11-2018, 07:24 PM
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#12
  1. soaponarope1
  2. 6'2&quot; 227
  1. soaponarope1
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Fuk would love to be able to buy cheap property and stock. Just lol if your investment strategy doesn't include a decent percentage of cash to take advantage of opportunities
post 1563478321 10-11-2018, 07:25 PM
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#13
  1. IronKrazy
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Ernie you McCracken me up.
post 1563478351 10-11-2018, 07:25 PM
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#14
  1. PowersKenny
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Originally Posted By tripod29
Massive if accurate.











But it’s not, buy boys!!!
. He is accurate read above post or move to money market or Treasuries...fools and rookies go...keep buying..no ..watch *******s..I've been in finance for 22 years
post 1563478381 10-11-2018, 07:26 PM
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#15
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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Originally Posted By soaponarope1
Fuk would love to be able to buy cheap property and stock. Just lol if your investment strategy doesn't include a decent percentage of cash to take advantage of opportunities
This. Cash on deck RN. Crash please!!!!!
post 1563478441 10-11-2018, 07:26 PM
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#16
  1. ErnieMccracken
  1. ErnieMccracken
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Originally Posted By PowersKenny
I put 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..SRS google 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 not just a portion of my portfolio...ha..Bitcoin..ha..market always goes up..chumps
Bitcoin is a ponzi scheme
post 1563478491 10-11-2018, 07:27 PM
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#17
  1. AtomicVeggie
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Originally Posted By soaponarope1
Fuk would love to be able to buy cheap property and stock. Just lol if your investment strategy doesn't include a decent percentage of cash to take advantage of opportunities
Lol this. I'm 27 and not retiring anytime soon. Let that chit crash so I can load up
******Misc Brazilian Jiu-Jitsu crew******

Rawdog Crew

Neg bitter/self-hating FA threads/posts on sight

3x mod neg survivor
post 1563478541 10-11-2018, 07:27 PM
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#18
  1. BloatmaxX
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Originally Posted By ErnieMccracken
95% of retail trading accounts lose money. Why do you think that is?
Because most retail investors are retards that go all in on penny stocks, don’t diversify, and don’t invest long term. Most retail investors are trying to get rich quick and with that strategy sooner or later you are going to lose your shirt. There was a miscer just last night posting that he lost $11K yesterday in the markets.
post 1563478641 10-11-2018, 07:28 PM
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#19
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
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Originally Posted By ErnieMccracken
Bitcoin is a ponzi scheme
I rolled up nearly +$10k realized gains on btc last year.

Stop being a scared pussy. Play the fukin game.
post 1563478681 10-11-2018, 07:29 PM
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#20
  1. PowersKenny
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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
post 1563478981 10-11-2018, 07:32 PM
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#21
  1. PowersKenny
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Originally Posted By HMFIC_BROWSIN
I rolled up nearly +$10k realized gains on btc last year.

Stop being a scared pussy. Play the fukin game.
..last year, what about this year...lol..nice try
post 1563479141 10-11-2018, 07:35 PM
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#22
  1. TheCaptainA
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i bought 2.5 lbs of silver a few weeks ago...going to re-up first week of november

when the system crashes, this paper is going to be worthless

rothschilds dumped the majority of their US assets last year around this time

the stock market is crazy inflated on fakeness

post 1563479431 10-11-2018, 07:38 PM
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#23
  1. PowersKenny
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Originally Posted By TheCaptainA
i bought 2.5 lbs of silver a few weeks ago...going to re-up first week of november

when the system crashes, this paper is going to be worthless
..nope not happening son in my life or yours, bit like gold it's a good hedge, but lol at Bitcoin or anything taking over fiat currency
post 1563479541 10-11-2018, 07:39 PM
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#24
  1. mr.left hook
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80k on deck

thanks Op
MR.PHF '09

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'Cause I went from negative to positive

And it's allGood..."


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post 1563479661 10-11-2018, 07:40 PM
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#25
  1. BloatmaxX
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Originally Posted By TheCaptainA
i bought 2.5 lbs of silver a few weeks ago...going to re-up first week of november

when the system crashes, this paper is going to be worthless
That’s a bad strategy man Srs

Don’t gamble your financial future on the need for the entire system to collapse. Because it probably won’t.

It’s okay to buy a small amount of PM’s but put the majority of your money into equites for the long term.
post 1563479721 10-11-2018, 07:41 PM
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#26
  1. ErnieMccracken
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Originally Posted By TheCaptainA
i bought 2.5 lbs of silver a few weeks ago...going to re-up first week of november

when the system crashes, this paper is going to be worthless

rothschilds dumped assets last year around this time

I've stayed away from precious metals in the past due to volatility. Might rethink it this time around.
post 1563479841 10-11-2018, 07:42 PM
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#27
  1. flexnation
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OP is correct. Or I should say that I agree with him, not necessarily correct as no one knows when the crash will happen for sure or how severe it'll be.

Real Estate market is turning hard right now in Portland. Im recommending all my sellers to sell ASAP and all my buyers to hold off from making a purchase unless they're okay potentially being upside down in a couple of years.

We've had a solid wave brahs. Stack cash now and profit later.
"If you come at the king, you best not miss"
-Omar Little
post 1563479861 10-11-2018, 07:43 PM
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#28
  1. SiberianStrike
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Bullets are the currency of the future boyo
post 1563479911 10-11-2018, 07:44 PM
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#29
  1. Shysty021
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Everything is on sale now....why not buy?

Do you hold out on buying gas thinking it may drop to what it was a week before?
post 1563479921 10-11-2018, 07:44 PM
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#30
  1. LeJR
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this is a pullback from record highs.
after earnings season, end of month
american stocks will stabilize

5 years frm now, when you're a hobo with debt to your head, you're going to wonder why you listened to some random guy on a bodybuilding forum for financial advice.

i will say this. the dumb **** trump started a trade war at the dumbest time ever.
causing emerging markets to dump US treasuries to raise money to stabilize their economies, forcing the fed to increase the interest rate and thus have a contraction effect on the US economy
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