T206 cards poised for largest 2 yr. percentage price increase.

[Peter_Spaeth]

Originally Posted by SetBuilder

The US is $22 Trillion in debt and running $1T deficits at the tail end of one of the longest economic expansions on record. Cost to service that debt is already $500B+ a year, almost bigger than Medicare and the military. Consumers have more debt today than they did in 2006-7 before the collapse. A lot of it is unsecured debt for things like subprime autos and discretionary items.

Everyone binged on debt while rates were near zero.

Just keep that in mind.

I read the gloom and doom folks all the time. They always sound persuasive. I'm just saying people who listened to them have missed out on unbelievable growth. I can't believe Stansberry and his ilk have a single paying client left with his track record.

[SetBuilder]

Originally Posted by Peter_Spaeth

I read the gloom and doom folks all the time. They always sound persuasive. I'm just saying people who listened to them have missed out on unbelievable growth.

That's fine. I've been bullish the last few years. Some people are permanently pessimistic and it can be annoying, I agree. But they may be broken clocks soon. This is the longest period between recessions. Ever.

Can you honestly tell me this expansion is going to continue indefinitely?

[Peter_Spaeth]

Originally Posted by SetBuilder

That's fine. I've been bullish the last few years. Some people are permanently pessimistic and it can be annoying, I agree. But they may be broken clocks soon. This is the longest period between recessions. Ever.

Can you honestly tell me this expansion is going to continue indefinitely?

No, corrections are always inevitable, but rule no. 1 has always been don't try to time the market or you'll get burned, no?

[SetBuilder]

Originally Posted by Peter_Spaeth

No, corrections are always inevitable, but rule no. 1 has always been don't try to time the market or you'll get burned, no?

Don't try to time the market, but don't buy at the top either. There is a subtle difference between the two.

[Peter_Spaeth]

Originally Posted by SetBuilder

Don't try to time the market, but don't buy at the top either. There is a subtle difference between the two.

That's the whole point, you can't tell a top without hindsight. People thought Dow 10K was a top.

[SetBuilder]

Originally Posted by Peter_Spaeth

That's the whole point, you can't tell a top without hindsight. People thought Dow 10K was a top.

You can sort of tell. When the price of something goes up 500% in a relatively short period of time it's probably not wise to buy and bet on another 500% rise.

Gravity.

[Peter_Spaeth]

Originally Posted by SetBuilder

You can sort of tell. When the price of something goes up 500% in a relatively short period of time it's probably not wise to buy and bet on another 500% rise.

Gravity.

Mebbe. I thought about buying a few shares of AMZN just for fun at 1000. Then I said to myself, this is madness, the numbers make no sense based on its earnings, not even for fun. Not long after that it was at 1300 and I did it just to spite myself. And now it's close to 1900. So you just don't know and crystal balls, IMO, are useless.

[Sean]

Originally Posted by Peter_Spaeth

No, corrections are always inevitable, but rule no. 1 has always been don't try to time the market or you'll get burned, no?

This is the exact advice that I got from my money manager.