Hi All, Have you seen this? Could this be "it"? Dow Jones and Nasdaq are crashing deeper and deeper. The charts look just as bad as in 2007-2008-2009. Certainly the worst dips in 9 years! Should we hoard PM's now?
This is nothing like 2007-09; it could become that bad... but it is nothing but a mild pullback at this point. The market had a bad 4th quarter but is not down even 20% from its peak. In 2007-09, it lost roughly 50% value. I agree with whay that "crashing" is nonsensical. The market has done far worse drops and far more quickly in the past. For 2018 year to date, the S&P 500 as a whole is only down about 7.5% (actually only down around 5% when you factor in its dividend); Dow or total NYSE market is also very similar. The sky is not falling. Nope. Just hold cash, lol... It is ultimately up to you. You should keep with whatever logical financial plan you made. If you are like most people, you are selling stocks right now (as they drop) and shifting to bonds or gold or cash (as they rise). If you are looking for value, you might be doing the opposite (being happy buying stocks "on sale" and getting ready to sell your gold and bonds if they keep rising). You don't really want to start speeding up on accumulating PMs (or anything) as they go up in value, though. That might work, it might not. Once the peak hits and they level or fall again, many people who do that are left grasping at straws. You should have been buying PM over the past few years as gold/silver were stagnant or prices even went down. If you did that, you can now slow up on buying as they rise... probably become a net seller of them if PM prices rise high enough. JMO... follow whatever plan makes sense for you personally. Trying to be an alarmist is not a good plan, though.
^^^ Bro, did you see the charts? Yes, it had a bad Q4 and it's going way down now. It looks very ugly.
Hmm. Again, performance in the real world shows a 20% correction... yet you point to past charts and call for 50% major crash just as bad as 2007-09 (I omitted the caps lock which you would use on the crash part). ...Would you like to guarantee that NYSE is going to keep "going way down now"? If you would, short the market (SPSX or similar). Otherwise, you are simply offering an opinion.
