I'm sick to death of 'Experts' predicting crashes...

[ducati916]

I got the impression from the Michael Hudson stuff you posted on another thread that there is production, consumption and deflation in the REAL economy, and credit growth and asset price inflation in what he refered to as the FIR.

Another key thing he said: It can't go on forever, but nobody knows how long it can go on. He's smart enough to know that it's futile to predict the when...and in the meantime he puts his money into term deposits. I'm younger and dumber...I reckon I can pick the top just in time

ASX.G

That's exactly right.
Inflation = loss of purchasing power.

Currently your $1 will buy far less [return] financial assets [take your pick]
Overvaluations are everywhere.

jog on
d998

 

[wayneL]

News Flash:

Market at major top. Bear market to start this year say Elliott Wave experts.

 

[Atomic5]

Yeh i remember that bloke on CNBC been predicting a crash in US markets from October last year. Every month that hes been wrong, theres always an excuse. Then after what happened late Feb he came on TV and beat his chest!

He wasnt wrong just early HAHA in this game its EXACTLY the same thing.

Just ask Buffet he betted USD/GBP would fall in 2005, instead he was on the wrong side of the. Then the experts came out and said Buffet was just early, who cares, he still lost $1billion.

Just as well those "analysts" make their living from "analysis" and not from trading!

No-one mentions that Buffet completely misssed out on the dot com boom.

 

[greggy]

No-one mentions that Buffet completely misssed out on the dot com boom.

I don't take much notice of "expert's" opinions. When given to the public for free, one could question the motives behind it? Barely any of them predicted the start of the resources boom and I remember them saying that I should sell my BHP shares when they fell to $11. Luckily I held on.
As for Mr Buffet, he's a brilliant investor, but he too gets it wrong sometimes. In the end, its probably best to do your own homework. I've got quite a number of good ideas from this forum which has led to further research on my part before making any decisions.
DYOR

 

[Gundini]

What about complete amateurs predicting crashes?

Sorry, couldn't resist.

Even a broken clock is right twice a day...

 

[theasxgorilla]

No-one mentions that Buffet completely misssed out on the dot com boom.

Oh EXACTLY! No-one mentions he was incredibly wealthy already, didn't need it anyway, and could rest on his Berkshire Hathaway laurels.

 

[ducati916]

No-one mentions that Buffet completely misssed out on the dot com boom.

Well yes, there is a reason for that. In essence he didn't.
While he didn't hold any worthless dot.coms he had stock holdings purchased at the bottom of the 1974 and 1982 bear markets that appreciated very nicely in the 1982-2000 bull market.

Additionally, he sold them all out near the top in 1998, and avoided paying the tax to boot.

That's why he's worth $50 billion+ and people pay $25K to have lunch with him.

jog on
d998

 

[Realist]

And you are willing to bet your life savings on that?

Yep! Already have!

 

[CanOz]

Yep! Already have!

Good to see you posting again anyway Realist, i thought we'd lost you on that last wave down. Still reading the T/A books?

Cheers,

 

[nioka]

Even a broken clock is right twice a day...

Very true and topical. That one should have been posted on Quote for the day as well.

 

[Atomic5]

The ASX has got to be one of the best performing markets on the planet lately ... it seems independently very strong ... ?! Todays opening is amazing.

 

[greggy]

The ASX has got to be one of the best performing markets on the planet lately ... it seems independently very strong ... ?! Todays opening is amazing.

Fingers crossed that it will continue like this.

 

[Atomic5]

Oh EXACTLY! No-one mentions he was incredibly wealthy already, didn't need it anyway, and could rest on his Berkshire Hathaway laurels.

ok Im just parroting a comment I heard. I didn't invest in any dot come either, but not for the same reason ...
Thanks.

 

[Atomic5]

Fingers crossed that it will continue like this.

Ive been watching the international markets all week and they are all dipping in tandem .... this is surprising but Im getting used to it.

 

[greggy]

Ive been watching the international markets all week and they are all dipping in tandem .... this is surprising but Im getting used to it.

Thats what makes the market so interesting. Never a dull day.

 

[nizar]

No-one mentions that Buffet completely misssed out on the dot com boom.

Yep he made 0.5% in the year the NASDAQ doubled.

 

[theasxgorilla]

Yep he made 0.5% in the year the NASDAQ doubled.

Convert that to dollars

 

[numbercruncher]

Yep he made 0.5% in the year the NASDAQ doubled.

From memory didnt he hold atleast 20pc of the Worlds silver during this period ? Im sure he made a busload.

 

[tech/a]

Ever heard of Bunker and William Hunt?

Silver thursday?

Check their story out.--

http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt

 

[Atomic5]

Ever heard of Bunker and William Hunt?

Silver thursday?

Check their story out.--

http://en.wikipedia.org/wiki/Nelson_Bunker_Hunt

Whats that saying ..... steal a little and they put you in jail, steal a lot and they make you King .....