Any answers welcome
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Any answers welcome
Well , when it gets there, sell .
I'll be blunt;
No, you don't.
Why don't you go post it so we can compare post-hoc once the crash comes. (Nobody is going to take your word for it anyway so this is just a test of whether you've got your head stuck up your ass or not.)
Also, the way to make money on a crash or bear market is to SHORT.
Pick individual assets and short the piss out of them.
Doesn't matter if you don't know when.
A few years ago , I figured it would get to 14 , dive , spend the next four years getting back to 13 .Making money off of my guess ? that is different , I have no faith in it , I would be better off giving my Buddy $200 and have him hit the Blackjack table for me while I have a couple beers. I bought some Ford & GM near the bottom , felt like playing one hand of poker to me . Fixed one of my Daughters up with some General Dynamics at bottom , figured that was a safe bet ... it is all a crap shoot in the end , you just have to try and use commom sense & logic. Right now , I would try and think about anything you can that may be sort of recession proof .Or , just stay out ...
Things that come to mind to me now, may be utilties, farm land , agriculure , agriculture rail freight.....
I can't say anymore or I cause myself problems.I have roughly 65% of my wealth in houses,25% cash,10% PMs.I was thinking of shorting housing with my spread betting company (I'm British) but maybe you people have thought of something I haven't.Some of the more financially literate among you might be able to say: Do this and this and that etc.
Convince other people that you know it, start a fund, get lots of people to contribute, charge like 2%, become famous after you perfectly play the market, everyone flocks to your funds, billionaire over night.
there is no ceiling to a price.
the more money Uncle Ben hands out to his buddies, the higher they will bid the prices.
DOW to infinity and beyond!!!!!!!!!!
while the country lies in a wasteland.
Sell everything and buy PMs?
Assuming you had no margin requirements, you sell unlimited calls on the strikes above the high.
Assuming you didn't, you buy puts at or just below the high.
The financially literate among us think that you are placing a poor bet against the Federal Reserve's proven willingness to directly support the stock market index for PR purposes. There will be a crash, eventually, but not as long as the massive artificial supports are in place.
Nobody knows exactly what the DOW will do and when. Many who thought they did have lost money. (as a check, try to apply your theory to past history and see if they match up but also be aware that things never repeat exactly).
My God... it was YOU that stole my Delorean!
http://thegarageblog.com/garage/wp-c...rean_19813.jpg
I know the exact DOW low
My best buddy was saving for one in 81, talked about it all the time over beers,lol , he has been driving German brands since the late 80's.
Thinking back , I am a little insulted , I dropped him off for work in my '57 Chevy.....
It's not me you have to worry about,it's the friends of Maurice Strong.
If I had to guess the DOW low I'd guess 1750.