Firstly, there is no-one forcing you to visit Red’s site and listen or read to his musings.
Secondly, if you are asking Red to consider that he might be wrong, then you must also ask the Government, the Fed and all the “talking heads” to consider that they might also be wrong. After all, if you and I ran our household finances that way that our Government does, we would be considered criminals and no doubt incarcerated….
Consistantly spending more than you earn has never, ever (in the history of all mankind) led to long term financial and economic success, and these days (or years, or decades) of profligacy will never be any different.
To use the escaped criminal analogy: he is going to get caught – might be today, tomorrow or in 15 years, but he will get caught.
The only word out of your mouth is market crash!!! You’ve been saying that for months!!! Are you ever going to acknowledge that you could be wrong jeez!
Very non-biased, which I must admit… is sometimes hard for me to do, and a lot of other folks too. Thanks for stopping by too.
Red,
P.S. I also added you to my blogroll. Should have done it long ago, but forgot. Sorry.
P.S.S. Let’s not forget that the gangsters inside the Bilderberg group stated that they plan to raise the price of oil to where gasoline cost $4.00 again at the pump. It’s about $2.69 right now here in Florida. There planned date was November.
“When will it ever stop?” – I’m afraid that it won’t stop until there’s a total collapse of the US $.
Got some new stuff on my blog. http://www.willowtreetrading.blogspot.com/
Oh yeah?! You kept on saying black monday crash coming every freaking monday!
Firstly, there is no-one forcing you to visit Red’s site and listen or read to his musings.
Secondly, if you are asking Red to consider that he might be wrong, then you must also ask the Government, the Fed and all the “talking heads” to consider that they might also be wrong. After all, if you and I ran our household finances that way that our Government does, we would be considered criminals and no doubt incarcerated….
Consistantly spending more than you earn has never, ever (in the history of all mankind) led to long term financial and economic success, and these days (or years, or decades) of profligacy will never be any different.
To use the escaped criminal analogy: he is going to get caught – might be today, tomorrow or in 15 years, but he will get caught.
You must have NOT watched the video as I clearly stated that I believe we “aren’t” going to crash this month. But it will happen… when is unknown?
The only word out of your mouth is market crash!!! You’ve been saying that for months!!! Are you ever going to acknowledge that you could be wrong jeez!
Nice post Al…
Very non-biased, which I must admit… is sometimes hard for me to do, and a lot of other folks too. Thanks for stopping by too.
Red,
P.S. I also added you to my blogroll. Should have done it long ago, but forgot. Sorry.
P.S.S. Let’s not forget that the gangsters inside the Bilderberg group stated that they plan to raise the price of oil to where gasoline cost $4.00 again at the pump. It’s about $2.69 right now here in Florida. There planned date was November.
Great post Al, I’m long USO.
Weekend Update is now up…
Gold stock p/e’s are 50 p/e’s–that’s making the spy 500 p/e look unusually high.
We are going into earnings season priced too high!
——
S&P 500 at a Shiller P/E over 21
http://www.favstocks.com/hussman-calls-for-10-year-sp-500-total-return-in-the-low-5-area-thoughts-on-risk-management/0626019/
I suppose, P/E could go to 22..that’s 4% higher..11400
“When will it ever stop?” – I’m afraid that it won’t stop until there’s a total collapse of the US $.
Got some new stuff on my blog. http://www.willowtreetrading.blogspot.com/