TPTB: do you have any thoughts on the "black monday" crash going on right now? Is this the start to the 2015.75 financial crash? A foreshadowing of things to come over the next couple months?
Any steps to take in the immediate future?
Any steps to take in the immediate future?
As I explained in my post in the MA thread today, this is the false move that causes the peak in bonds by Oct. 1.
You should be selling gold, BTC, and bonds, and buying US dollar and US stocks on this low this week.
Hold tight in that until Spring 2016, then diversify some into gold and crypto coins (especially mine
) as they will bottom (<$700 and <$100).great, thanks for the response.
So are the calls for an all out "collapse" (of banks, society, outright chaos) overblown? It seems like financial markets are getting much more volatile and risky, do you think those predictions are overblown? Or are they just misdirection?
TPTB is right about the US dollar. It went down hard today vs. the euro and the yen because foreigners are cashing in their "Carry Trades" and taking their money home. The dollar should be pretty strong for the short to medium term, IMO.
Sell bonds. The 10-Year now has a yield of just 1.99%. 1.99%? Ahh, no thanks.
Moi? I sold a bunch of stock about three weeks ago, so am HODLING all else.
Everyone's situation is different.
In addition, this article is worth a read -> http://www.bloomberg.com/news/articles/2015-08-23/the-fed-is-looking-at-a-very-different-dollar-than-wall-street