Nobody else worldwide was able to see the impending financial disaster that occurred??!!
That has to be one of the most ludicrous and inaccurate claims I have yet seen anyone make in relation to the 2008 economic meltdown and stock market crash.
You're completely out of touch with reality. You don't have a clue. You've swallowed the Cassamatis lies, hook line and sinker.
I'll bet that just like Cassamatis, SICAG's Noel O'Brien and various others, you also claim that the 2008 market crash and financial crisis were unprecedented!
In the months leading up to the market peak in November 2007, every single day there were dire warnings from hundreds of financial journalists and economic analysts worldwide that the economic situation was becoming critical and a market crash was imminent.
In every newspaper and on every TV and radio station, there it was, warning after warning after warning that world economies and markets were on the verge of a catastrophic meltdown.
US banks were going broke, with many more predicted to follow.
Many fund managers stated publicly that they had taken the precaution of converting their clients to cash.
Many private investors also converted their portfolios to cash.
Some of those investors are contributors to this thread - they're the same people you've been targeting with your vehemence and ridicule and bitterness.
They're the same people whom you've implied are complete blockheads.
They're the same people who were sufficiently switched on to avoid being lured into the Storm Financial trap.
And you claim that nobody was able to see the impending financial disaster??????!!!!!
You were exposed to the same information as the rest of us in regard to the impending economic meltdown. Either your mind lacked the capacity to absorb that information, or for some reason you blocked it out and ignored it.
But please don't continue to insult your own intelligence by claiming that nobody knew about the coming crisis.
Because of your misguided belief that nobody saw the financial crisis coming, you seem to think it was inevitable that investors got burnt by it.
Let me tell you something which clearly you have not understood......Even if investors were not aware of the impending financial crisis, it didn't matter. They didn't need to have advance warning of it - all they needed to do was react to it once it arrived in the form of a bear market.
How? By taking defensive action, off-loading part or all of their portfolios, or giving their brokers instructions to sell specific stocks if they fell to a certain price level.
Any or all of these actions would have taken investors out of the market before they lost their shirts, even if they'd had no advance warning of the impending meltdown.
Investors were afforded plenty of time for defensive action to preserve the bulk of their capital, due to the relatively sedate nature of the 2008 crash compared to the severity and suddenness of the 1987 wipe-out.
2008 crash - down 56% in 17 months
1987 crash - down 50% in 8 weeks
The 08 bear market wiped 20% off the All Ords in the first 13 weeks. The October 87 crash wiped 25% off the market in just one day!
Again I make the point......due to the relatively mild nature of the 2008 crash in terms of the speed of the decline, there was plenty of time for investors to get out of the market before suffering catastrophic losses, even if they'd been unaware that a crash was coming.
In one of my early posts I told of a relative of mine who borrowed a six figure sum to sink into the market through an Investment Advisor.
As the market approached it's November 2007 peak, and the alarm bells were ringing every day through the various media outlets, I advised her to quit half her portfolio and pocket well in excess of 100% gains. She ignored my advice because her advisor told her to 'hang in there - stocks are a long term investment'.
When my chart of the All Ords showed me that the market had peaked and had now turned bearish, I advised her to liquidate her entire portfolio.
Her gains at that time were still around 100%. Again, she ignored my advice because her advisor told her to hang in there.
Her 100% gains evaporated month by month as the market headed south in 2008. She has since quit her portfolio, not only missing out on the six figure profit that was available earlier, but sustaining a heavy loss.
Perhaps you think I've just made up this story, or that I've related it for the purpose of big-noting myself. You'd be wrong on both counts if that's what you believe.
The story is true enough, and I haven't told it to big-note myself, but rather to illustrate to misinformed people like you that by keeping yourself abreast of world events through news programmes and such like, by learning some very basic chart-reading skills, and by being flexible in your approach, you can avoid getting cleaned out by market meltdowns and incompetent outfits like Storm Financial.
In some of my earlier posts I mentioned a $35 book that details simple, safe and very effective strategies for profitable stock market investment.
I claimed that if Storm investors had been familiar with these strategies and had implemented them, they would have not only got out of the market before the crash wiped them out, but they would have got out with substantial profits in most cases.
In fact, with this knowledge under their belts they may have felt no need to go near Storm Financial in the first place.
This one book costing the princely sum of about $35 dollars, really can empower private investors to play the stock market safely and profitably under all market conditions.
I'm not going to tell you the name of the book or give you the post numbers in which I mentioned it. I suggest you get off your back side and search back through my posts until you find it.
There is simply no excuse for your ignorance about market investment matters. Put in some effort, broaden your outlook, get rid of your tunnel vision, and you just might develop into a capable stock market investor in your own right, without the need to rely on others to tell you what to do.
And don't waste any more of your time by coming back at me with another one of your sarcastic posts. I can play that game as well as you can, but there's little point in wasting our time and emotional energy in that sort of endeavour.
There are people on this thread who know a hell of a lot more than you about market investment. Rather than viewing them as fools and subjecting them to sarcasm and ridicule, you'd be doing yourself a big favour if you made it your business to learn something from them.
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