General Discussion

Major Nikon

(36,925 posts)

53. I don't know of any pundit saying the market will never go down

Mon May 11, 2015, 11:10 PM

May 2015

If there is such a thing they would be similarly dismissed as a crank. Perennially claiming a bubble is going to pop is less valuable financial advice than a coin flip.

"Past performance is no guarantee of future returns" applies to the market itself, not perpetual scaremongers masquerading as advisers who are seldom right. The market has more than doubled since Farrell first offered his predictions in 2010, which means anyone who followed his advice has almost certainly lost more than from any potential bubble.

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Opinion: Countdown to the stock-market Crash of 2016 is ticking louder [View all] LiberalElite May 2015 OP

This message was self-deleted by its author rjsquirrel May 2015 #1

I included the word "Opinion" it was the first word - LiberalElite May 2015 #4

Yeah whose opinion matters rjsquirrel May 2015 #66

Crash of 2014: Like 1929, you�ll never hear it coming snooper2 May 2015 #69

Well we never did hear it coming so he was right about that! yellowcanine May 2015 #72

Lol EXACTLY!!!! rjsquirrel May 2015 #91

Fear monger, or sage prophet? Binkie The Clown May 2015 #6

That's always happen with a market economy... StarzGuy May 2015 #9

In his case, time already has told Major Nikon May 2015 #11

"Past performance is no guarantee of future returns" Binkie The Clown May 2015 #52

I don't know of any pundit saying the market will never go down Major Nikon May 2015 #53

Time will tell. Binkie The Clown May 2015 #54

So how much time are we talking about? Major Nikon May 2015 #55

Time will tell. Binkie The Clown May 2015 #63

What does any of this have to do with Farrell? Major Nikon May 2015 #68

Of course not. Binkie The Clown May 2015 #73

"Most financial prognostication is worthless" Major Nikon May 2015 #75

I played the market for a while. Binkie The Clown May 2015 #82

Here's a little secret about the stock market Major Nikon May 2015 #84

You're right. I was trying to get rich quick. Binkie The Clown May 2015 #85

That's because rjsquirrel May 2015 #102

Time has told already rjsquirrel May 2015 #100

I got DU shouted at for noting ... 1StrongBlackMan May 2015 #78

Stopped clock more like rjsquirrel May 2015 #101

You lump Thom Hartmann and quaky doodle Glen Beck in the same group? fasttense May 2015 #7

^^^^^this^^^^^^^^^ SalviaBlue May 2015 #14

+1 daleanime May 2015 #27

The Devil only exists by God's will Fumesucker May 2015 #38

Or not... truebrit71 May 2015 #77

Mother Teresa F4lconF16 May 2015 #40

Hardly rjsquirrel May 2015 #65

And you have a right to your opinion even if it is absolutely wrong. fasttense May 2015 #93

Why thank you rjsquirrel May 2015 #96

god and the devil are in the same group, both mythical creatures snooper2 May 2015 #70

BUY GOLD!!!!! rjsquirrel May 2015 #92

Another person with another opinion. I will defend your right to be wrong. n/t fasttense May 2015 #94

Why thank you rjsquirrel May 2015 #95

I hope you are enjoying DU. L0oniX May 2015 #17

If the economy is doing so well that stocks are a good buy, then why are interest rates JDPriestly May 2015 #19

Boots. Me. Quaking. Aerows May 2015 #49

Odd, any study of history will tell you that nothing this topheavy has lasted Warpy May 2015 #105

This message was self-deleted by its author RKP5637 May 2015 #2

I never trust Wall Street in an election year. B Calm May 2015 #3

Never trust Wall Street's public announcements erronis May 2015 #8

Why? Because the economy is doing so poorly that bank interest rates are incredibly low on JDPriestly May 2015 #20

Poorly ? rjsquirrel May 2015 #104

K&R Much truth there that people need to wake up to. n/t Binkie The Clown May 2015 #5

We're putting every available dollar into the market... brooklynite May 2015 #10

If the economy is healthy enough to support a high stock market, high S&P, Dow Jones, etc., then why JDPriestly May 2015 #21

Because the banks are flush with cash, that's why A HERETIC I AM May 2015 #81

But if they wanted to make money, considering the interest rates on credit cards, they JDPriestly May 2015 #88

A safety deposit box Aerows May 2015 #41

Absolutely not... brooklynite May 2015 #42

You do that! Aerows May 2015 #43

You're doing the right thing! rjsquirrel May 2015 #103

I've been around enough to see dozens of these "crash predictions" FLPanhandle May 2015 #12

If we paid attention to all of these, and even half of them came true.... George II May 2015 #13

Predicting stock market crashes is a pretty easy game bhikkhu May 2015 #15

It has been 7 years. Aerows May 2015 #35

Significant market corrections are a constant possibility Major Nikon May 2015 #56

I'm neither 7, 14, nor 21 or 28 Aerows May 2015 #57

Strawman Major Nikon May 2015 #59

You know the goofball who wrote the article predicts a crash every two years right? snooper2 May 2015 #71

There's one person who is not waiting for an election and has been confronting them... L0oniX May 2015 #16

Good; we need a crash ram2008 May 2015 #18

We had a crash already less than 10 years ago. FLPanhandle May 2015 #22

We had a bailout, which was a bandage over a bigger issue ram2008 May 2015 #23

Yeah! Bring down the market! And all those Union pension funds! brooklynite May 2015 #45

down 5% market noise 10%buyable pullback 20%sell sell sell captainarizona May 2015 #24

Ow! Ow! Ow! TheCowsCameHome May 2015 #25

So...... ClarkeVII May 2015 #26

You are off by a decimal point. former9thward May 2015 #86

And, of course, they still think "growth" will save us. arcane1 May 2015 #28

Whenever I see something like this... RandySF May 2015 #29

And I bet a lot.... ClarkeVII May 2015 #30

Last time I saw something like this I was told to buy gold. Agnosticsherbet May 2015 #31

My dad fired a financial advisor who suckered him into this kind of panic. RandySF May 2015 #32

Financial Advisors... ClarkeVII May 2015 #34

Anybody can Aerows May 2015 #36

Been predicting this for over a month. Aerows May 2015 #33

Up to a record high today rjsquirrel May 2015 #97

Very high chance of imminent major market crash Yorktown May 2015 #37

Just history Aerows May 2015 #39

When the Buffet Index is in the red, you know you're in trouble Yorktown May 2015 #44

You are reading the same signs Aerows May 2015 #47

Would anyone who agrees with this OP care to tell us where they've tucked every last penny? brooklynite May 2015 #46

Will you? n/t Aerows May 2015 #48

I'll take that as a no. n/t Aerows May 2015 #50

I'm not panicking... brooklynite May 2015 #62

BUY GOLD!!11!! workinclasszero May 2015 #51

Good idea... but not Flying Squirrel May 2015 #64

There are bailouts to be had Autumn May 2015 #58

I work for a major railroad and business has dropped off dramatically since March. neverforget May 2015 #60

I'd say the main thing to be concerened about is whether SheilaT May 2015 #61

Stocks plummeting today ram2008 May 2015 #67

The Dow lost 1/5th of one percent Major Nikon May 2015 #76

Tell me, do you make financial decisions based on one day of data? brooklynite May 2015 #79

Plummeting? I don't think you know what that word means. onenote May 2015 #80

Stocks on fire today rjsquirrel May 2015 #98

declining population *over the next 50 years* could reduce global economic growth by 40% muriel_volestrangler May 2015 #74

The laws of physics mean little to a committed capitalist. ronnie624 May 2015 #90

I believe Mike Huckabee can get you a good deal... brooklynite May 2015 #83

The GOP is out to drive the US over a fiscal cliff blackspade May 2015 #87

While you panic, can I point out that my Apple Stock closed at $125? brooklynite May 2015 #89

Lol right on!!!!! rjsquirrel May 2015 #99