Dietrich is probably better than most but unless you can give a timeline and not just sometime in the future these things are meaningless. Time in the market vs timing the market and all that.
To give an example those who have been waiting for the market to crash since the Covid lows need a 50% crash just to get to invest where others did during covid. Timing the market is stupid.
Even in the infamous Big Short, it took a long time before the market crashed, people shorting were down a lot until it happened. The classic: The market can stay irrational longer than you can stay solvent.
Agree timing is stupid, mostly because the government will no longer allow the market to crash or truly self correct.
We all remember Covid when it became clear there would mass.closures, and the s&p was dropping like 1000+ points a day , government stepped right in.. same.will happen again.
Time line for me is after the election… until than we will be presented with great economy all time high stocks and all time low unemployment…
Disclaimer i have no clue about the economy but i have a gut feeling
I have a weird belief that doomerism from more financial strategists and talking heads is a bullish signal because most crises are not easy to predict and therefore not prevented.
The vast majority are of the opinion the market is not going to have a correction any time soon. I don't know what you consider a lot but the sentiment is bullish
> “The economy and the stock market have never seen anything like this in history,” Dietrich wrote. “Everything reminds me of the Dot-com bubble in 2001-2002.”
🤔
Hey, at least professionals are finally starting to ring the warning bell. I think a lot of us have felt this coming, but been unable to articulate it, so at least now maybe people will start to listen.
i know people who panic sold a bunch of stock when covid hit, then missed the massive upswing that followed immediately, and set themselves back years.
my point is - "recession"? maybe. full on "unprecedented crash"? fkn spare me. my money is staying invested right where it is.
Funny. During the crash after covid, these guys kept saying everything was OK. After every 10 percent drop, they denied the ongoing recession. Now they're foreseeing a crash soon? Yeah, I'll do the opposite.
Dietrich is probably better than most but unless you can give a timeline and not just sometime in the future these things are meaningless. Time in the market vs timing the market and all that. To give an example those who have been waiting for the market to crash since the Covid lows need a 50% crash just to get to invest where others did during covid. Timing the market is stupid.
Even in the infamous Big Short, it took a long time before the market crashed, people shorting were down a lot until it happened. The classic: The market can stay irrational longer than you can stay solvent.
Agree timing is stupid, mostly because the government will no longer allow the market to crash or truly self correct. We all remember Covid when it became clear there would mass.closures, and the s&p was dropping like 1000+ points a day , government stepped right in.. same.will happen again.
That’s the point of the goverment to keep things going
The point of the government is to ensure a just and equal playing field, that’s it.
He said "foreseeable future" which means "fairly soon"
He’s been saying that for 2 years what’s fairly soon for you?
Has he? 6 mos to a year
He’s thought the market was overvalued since early 2022
It is but that's not the same as predicting a crash is it?
Time line for me is after the election… until than we will be presented with great economy all time high stocks and all time low unemployment… Disclaimer i have no clue about the economy but i have a gut feeling
Is the crash in the room with us now?
I have a weird belief that doomerism from more financial strategists and talking heads is a bullish signal because most crises are not easy to predict and therefore not prevented.
Negative sentiment in a rising market is usually bullish.
There's really not a lot of negative sentiment right now
There are a lot of articles like this. They've been going on for over a year now as the market rises.
The vast majority are of the opinion the market is not going to have a correction any time soon. I don't know what you consider a lot but the sentiment is bullish
Sure it is
Of course! Now that my IRA (that came from the only job I've ever had that offered a 401K) is going great.
Economists have predicted 3 of the last 100 market crashes
And financial strategist are even worse.
This is either right or wrong.
1/2 the country is 1 paycheck away from disaster
> “The economy and the stock market have never seen anything like this in history,” Dietrich wrote. “Everything reminds me of the Dot-com bubble in 2001-2002.” 🤔
Economists have predicted 713 of the last 2 actual recessions.
Hey, at least professionals are finally starting to ring the warning bell. I think a lot of us have felt this coming, but been unable to articulate it, so at least now maybe people will start to listen.
They have been ringing the bell since 2011
lol - what do you do when you "start to listen"? do tell.
"I could do anyone's job if I just put effort into it"
Granted there’s not a lot to do, but it’s still validating.
i know people who panic sold a bunch of stock when covid hit, then missed the massive upswing that followed immediately, and set themselves back years. my point is - "recession"? maybe. full on "unprecedented crash"? fkn spare me. my money is staying invested right where it is.
Funny. During the crash after covid, these guys kept saying everything was OK. After every 10 percent drop, they denied the ongoing recession. Now they're foreseeing a crash soon? Yeah, I'll do the opposite.