Mike Burry bets the market will crash!

[Member 34319]

Remember back in 2008 when the market died for a moment?

This guy knew it would and made out with millions betting against the system.

They made a movie about it.

Anyways, he just bet it would crash again.

Read More

 

[Member 66129]

Considering how little control we have over it or the consequences of it failing.... I'll go ahead and file this under the category of things of little importance.

 

[Caveman Jim]

Well that's it, I've lost so much money out of my 401(k) since 93 I'm gonna cash out!
The kids (30 somethings) will just have to do without after my demise.

 

[Jay Walk]

If you invested $50,000 in the Dow in August of 1993, you now have $174,350.


But yeah, my brother just retired and is rolling his 401k into cd's.

Says he no longer wants to gamble with his retirement.

Pension and ssi is double what he lives on anyways.

 

[Knobgoblin]

If you invested $50,000 in the Dow in August of 1993, you now have $174,350.


But yeah, my brother just retired and is rolling his 401k into cd's.

Says he no longer wants to gamble with his retirement.

Pension and ssi is double what he lives on anyways.

I'd rather have had 50k to spend in 93 than 175 today.

The comparison of real estate you could have purchased 30 years ago vs. today is the simplest picture I can paint on this subject.

 

[Cavedweller]

What goes up must come down. The only question is when. The market, as measured by the DJIA, is at astronomical levels, historically speaking. Does this represent real value, or the decline of the U.S. $?. The Fed has been pumping vast quantities of printed fiat currency into the economy, under the policy known as "quantitative easing." That is government speak for trying to avoid a crash by having the central bank buy up assets rather than having the bubble pop. Much of that money finds it's way into the stock market. If they turn off the printing presses, things could get ugly.

The question is, can business activity support current price levels? It's all about corporate earnings vs. price. Do you have a crystal ball?

A wise man once said, "You may know which way the market is going, but you never can tell where it's going from there."

 

[Caveman Jim]

I'd rather have had 50k to spend in 93 than 175 today.

The comparison of real estate you could have purchased 30 years ago vs. today is the simplest picture I can paint on this subject.

I bought my house in 96 for $97k, right now the value is $365k. That is my retirement property/home money.

 

[Caveman Jim]

I must confess that I don't know diddly about the S M.

 

[Nutty4Guns]

I must confess that I don't know diddly about the S M.

S&M you say?

 

[Caveman Jim]

S&M you say?

View attachment 1470971

Stock Market.

 

[ZA_Survivalist]

I have no doubt it will crash again. Lots of foolish and shady things are going on and it's not sustainable.

 

[arakboss]

I can't say whether the market will crash soon or not but chances are pretty good that it's not going to make any large moves to the upside. Maybe it would be prudent to take some profits and sit on more cash. If it does crash you will have more opportunities to get back in at the lower levels.

 

[unionguy]

What goes up must come down.

Except greed at the top.

 

[MikeInOr]

Of course it is going to crash, that is a no brainer prediction. The question is WHEN will it crash! Then the question will be WHEN will it bottom out. Those are the things you need to know to make a mint betting against the market.

My retirement is mostly in Vanguard 500 and a NASDAQ index fund. They go up and they go down. But I am only 55 and I am sure it will be higher 12 years from now than it is now. So I am not ready to divest now. If I was in my 60's I am sure I would have a different take on th subject.

 

[Stomper]

Money, property, the stock market…. they only have "value" because enough people believe they do.

 

[Alexx1401]

Money, property, the stick market…. they only have "value" because enough people believe they do.

Yep! I finally talked the Wife into pulling the rip cord on her retirement. She can collect and still work so its a healthy chunk of extra money. She kept saying "If I wait I get more". I kept saying if you wait there may be nothing. She finally looked at it and filed. Now saying she should have done it months ago. I am looking at pulling the cord on my next birthday assuming it has not crashed by then.

 

[joken]

Money, property, the stick market…. they only have "value" because enough people believe they Every

This is true but people need a place to live. Unfortunately, most young people today are priced out of the market. We bought this house on 5 acres about 20 years ago for $235k and today it is worth over a million dollars. This seems outrageous until you see a watermelon for 10 bucks!

 

[Stomper]

This is true but people need a place to live. Unfortunately, most young people today are priced out of the market. We bought this house on 5 acres about 20 years ago for $235k and today it is worth over a million dollars. This seems outrageous until you see a watermelon for 10 bucks!

True, we bought our house for $130k a little over 19-yrs ago, now it's "worth" north of a half million…. crazy.

 

[Martini_Up]

If you're going to be in the SM, I suggest blue chips. If they crash they'll come back. If they don't, there's going to be little left around here buy anyway.

Property / land and in a state that has little or no property taxes as a retirement strategy it's worth looking at. Some states exempt veterans , disabled folks, really old/poor from property taxes or offer significant breaks on them.

with inflation where it is, keeping assets in cash is slowly going broke. Our nations debt has other countries calling into question the US$ as world reserve currency. If that deal breaks, our country may reset its currency to a digital one. The socialist ultimate goal. Complete control over our medium of exchange. It is not an alarmist vision. It's definitely on the horizon. We are already half way there with the wide spread use of credit cards and payment apps.

In the end, keep your health up. Exercise best you can. Just walking for an hour a day does so much. Make friends, have a hobby, join a club or church. Something to keep you somewhat socialized and always live within your means. Get and stay out of debt! about the best advice I know for a decent life.

 

[Stomper]

If you're going to be in the SM, I suggest blue chips. If they crash they'll come back. If they don't, there's going to be little left around here buy anyway.

Property / land and in a state that has little or no property taxes as a retirement strategy it's worth looking at. Some states exempt veterans , disabled folks, really old/poor from property taxes or offer significant breaks on them.

with inflation where it is, keeping assets in cash is slowly going broke. Our nations debt has other countries calling into question the US$ as world reserve currency. If that deal breaks, our country may reset its currency to a digital one. The socialist ultimate goal. Complete control over our medium of exchange. It is not an alarmist vision. It's definitely on the horizon. We are already half way there with the wide spread use of credit cards and payment apps.

In the end, keep your health up. Exercise best you can. Just walking for an hour a day does so much. Make friends, have a hobby, join a club or church. Something to keep you somewhat socialized and always live within your means. Get and stay out of debt! about the best advice I know for a decent life.

TRUE THAT!!

The borrower is slave to the lender….. don't believe it?

How did you feel when given the choice between getting a COVID "vaccine" or lose your job with CC's, cars, and mortgages to pay on?

When told many of our large clients required a COVID shot to work on their campuses and that I may lose work because of it I was like, "OK, so"?


ZERO "leverage", they were GOBSMACKED!!