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They did the same in January 2000 just before the dot.com crash.
For years, individual investors in the US have been a dreary bunch, as stocks soared relentlessly since bottoming out in 2009. But 18 months ago, in February 2016, they finally caught the bug, and now optimism has surged at a record pace. Optimism about the stock market in particular has reached the record highs established during the Dot.com bubble, just before it all fell apart.
H/t reader squodgy:
“Looks like time to jump in and buy stocks then….YAY!!!”
Yes, the best time to buy is when the small investors are BTFATH (Buy The Fucking All Time High)!!!
And what could possibly go wrong?
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In this extensive interview with USAWatchdog.com’s Greg Hunter, Charles Nenner, renowned financial and geopolitical analyst, has been saying for a few years that “there would be no market crash until the end of 2017,” and “if people were not positioned correctly, they could lose everything.”
It’s nearing the end of 2017, and Nenner says, “I think we are there already. . . . We, personally, are totally out of stocks at this point.”
So, where is Nenner telling people to stash their cash?
Have we now entered a time of major financial shaking? On Thursday, the Dow Jones Industrial Average was down 274 points. The was the largest decline for the Dow since May, and high yield bonds were down dramatically as well. Many are blaming the terror attack in Barcelona and “instability in the White House” for the downturn, but could “eclipse fever” also be a factor? The closer that we get to the solar eclipse on August 21st, the weirder people seem to be getting. You will see what I am talking about below.
Nothing matters, until it does …
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An unidentified man fell to his death from the seventh floor of the London Stock Exchange on Tuesday, Reuters and British news outlets reported.
City of London Police investigating after a man died falling from upper floor in London Stock Exchange – incident treated as non-suspicious
— Sky News Newsdesk (@SkyNewsBreak) August 15, 2017
”We were called to the London Stock Exchange in Paternoster Square on Tuesday, 15 August at 9.58am to a report of a man who had fallen from an upper floor in the building to the ground” City of London police said. “The man was pronounced dead,” police said, adding that they were treating the incident as non-suspicious.
Change we can believe in!
Oh, wait… it’s now called: Make America great again!
Having dismissed the “big, fat, ugly bubble” during his campaign, President Trump seems more than willing – in his apparently desperate search for a win – to embrace the bubble now. Continuing the trend over the weekend, Trump’s first tweet of the morning crows of his massive market gains since election…
Stock Market could hit all-time high (again) 22,000 today. Was 18,000 only 6 months ago on Election Day. Mainstream media seldom mentions!
— Donald J. Trump (@realDonaldTrump) August 1, 2017
We tend to agree with Peter Schiff on this – it’s a mistake for Trump to ‘own’ the stock market’s gains…
One week ago, we reported that in the latest weekly survey of Bank of America high net worth clients, the cash allocation had fallen to an all time low of just 10.4%, below the previous record low of 11% in April 2007 as everyone is “forced” to dance in this market, in which the music is still playing.
Now, in a separate confirmation of what Deutsche Bank recently classified as market “froth”, Jonathan Tepper points out that the stock euphoria has finally spread to the retail investor.
One mystery trader has made an extremely large bet that the stock market is going to crash by October, and if he is right he could potentially make up to 262 million dollars on the deal. Fortunes were made and lost during the great financial crisis of 2008, and the same thing will happen again the next time we see a major stock market crash. But will that stock market crash take place before 2017 is over? Without a doubt, we are in the midst of one of the largest stock market bubbles in U.S. history, and many prominent investors are loudly warning of an imminent stock market collapse. It doesn’t take a genius to see that this stock market bubble is going to end very badly just like all of the other stock market bubbles throughout history have, but if you could know the precise timing that it will end you could set yourself up financially for the rest of your life.
I want to be very clear about the fact that I do not know what will or will not happen by the end of October. But one mystery investor is extremely convinced that market volatility is going to increase over the next few months, and if he is correct he will make an astounding amount of money. According to Business Insider, the following is how the trade was set up…