How would Seoul know when it's going to end.
#5
How would Seoul know when it's going to end.
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Re: Forum gossip thread by Lokmar
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Hey Seoulbro, How long do you think this latest finacial crisis will last?
Started by Anonymous, March 19, 2020, 02:28:21 PM
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How would Seoul know when it's going to end.
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#7
Top experts have said lately that things will get worse before they get better.Quote from: "Guest"
Therefore the stock markets could decline much further & the downturn will probably be worse than the 2008 Recession:
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#8
In my own opinion, the stock market has more or less bottomed right now, but I could be wrong. I wouldn't hesitate to buy
Economically, we're fucked as long as the World continues to operate on a skeleton crew... We can't stop the virus, nor is a vaccine even possible for many, many months, if at all.
Mass unrest will eventually happen, in the next few weeks or months, I predict, and at that point in time we'll have to make a decision... Open society back up, or face massive social unrest. I predict the former will happen.
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#9
"Never try to catch a falling knife"...Quote from: "Mel"
In my own opinion, the stock market has more or less bottomed right now, but I could be wrong. I wouldn't hesitate to buysolidstocks right now, if you can go long...
Economically, we're fucked as long as the World continues to operate on a skeleton crew... We can't stop the virus, nor is a vaccine even possible for many, many months, if at all.
Mass unrest will eventually happen, in the next few weeks or months, I predict, and at that point in time we'll have to make a decision... Open society back up, or face massive social unrest. I predict the former will happen.
According to this video, the stock market will likely decline after the effects if $2 trillion stimulus has worn off. Plus we're at the beginning of what many economists forsee as a long & deep recession.
For that reason, its probably advisable to wait & eatch how the market goes.
Bit if the indicators are correct, the US economy faces a 14% decline (minimum) over the next 6 months. So usually that translates into the stock market falling further from its present level.
The Dow us currently at 21,000 off from its high of 30,000.
But the current valuations are clearly inflated & do not reflect current market conditions.
They are being propped up by market manipulation & government interference.
I bet the true value of the Dow is only about 13,000 to 14,000 since it almost went below 18,000.
And the Dow will approach those numbers as the economy declines further.
Anyways you're lucky you sold your condo when you did, Mel.
Because I'm under the impression real estate aint sellin much these days in Vancouver or elsewhere.
There'll probably be tons of unsold homes & condos in the next 6 mos.
The ones who bought 6 mos ago purchased in a fools market.
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#10
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#11
an insight on how severe the current recession will be and how to invest accordingly:Quote from: "Your Friend Joe"