I have had the sky is falling mentality in the stock market for a long time. In December 2015 I threw in the towel and sent an email to family and friends with my concerns. In January 2016 I looked like a hero when the market took a 13% hit after the Brexit vote. But the market took a breath and the powers that be decided it wasn’t time to let the market crash. The Nasdaq 100 has since rallied 70%. I look like a fool and to add insult to injury I missed out on a whole lot of gains while my money is sitting in a money market account making 0% interest.
Better safe than sorry….but here I am 30 months later and if I was gun shy then then there’s no way I can get involved in the market at this point. Same applies to the real estate market.
Am I tin-foil hate crazy or is my timing just off? Am I fighting a losing battle against forces that do not want the market to crash?
After the election we heard a lot about our lives being in an information bubble created by our own biases. I read about the impending financial collapse ergo I continue to believe in the thesis?
Today is no different; George Soros is another big-money guy out there saying we should be worried:
And I have to be honest that the articles and posts I read about the trouble we are in are not coming from some po-dunk, mom and pop blog. Like Soros’ comments these fears and concerns are coming from experienced financial magnates that have more inside information than you and I will ever see.
WTF does this have to do with real estate?! They are all just symptoms of the same disease. Ten years of free money have created a debt-fueled market that has run amok. Now that the Fed is raising interest rates and Italy is at the precipice of a debt crisis I think it’s important to note that we WILL have to pay the piper. Is it now or another 30 months from now?
Everything is connected. I wish I could tell you what the first domino will be or if the first domino will truly set everything in motion. Just like last time when the dominoes start to fall the talking heads will proclaim that everything is fine. It’s just a correction and corrections are healthy. This time is different. Until it’s not.
Or maybe like the past 30 months I should take off my tin-foil hat, buy a house, load up on Apple, Netflix and Amazon and make gobs of money instead of sitting here waiting for the shoe to drop. This is exhausting.